
How Hard Money Loans Work
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Property Type
Non-Owner Occupied 1-4 Unit Residential Investment Properties located within our lending areas: , Alabama, Florida, Louisiana, Mississippi, Texas
Lien Position
First Mortgage Only
Term Length
6-12 Months; Up to 24 Months for New Construction
Rehab Funds
We lend 100% renovation funds, up to 75% of the After Repair Value
Rehab Draws
Renovation funds are usually paid in one to three draws after verification of repairs, and wired directly to your account.
Points
Paid at closing
Closing Costs
Paid at closing
Guarantee
Personal guarantee required
Required Documents
We lend 100% renovation funds, up to 75% of the After Repair Value
Closing Timeline
Once borrower has been approved, closings can be held within a few days of receipt of appraisal and title work