| Facebook LinkedIn

Financing Hard Money

About Flips

What is a Hard Money Loan?

A Hard Money Loan is a Bridge Loan which is a short-term loan secured by real estate. This type of loan is used to finance a property until permanent financing is found, the home is resold, or the home is rehabilitated and then resold. They are funded by private investors (or a fund of investors) as opposed to conventional lenders such as banks or credit unions. The terms are usually around 12 months. The loan requires monthly payments of only interest or interest and some principal with a balloon payment at the end of the term.


Who Should Use a Hard Money Loan?

Real estate investors choose to use Hard Money for many different reasons. The main reason is the ability of the Hard Money Lender to fund the loan quickly. In most situations, hard money funding usually takes between 5 days to 2 weeks.


The ability to obtain funding at a much faster rate than a bank loan is a significant advantage for a real estate investor. Especially when the real estate investor is trying to acquire a property with many competing bids, a quick close with a Hard Money Loan will get a seller’s attention and set their offer apart from the rest of the buyers offering slow conventional financing.

Property investors who fix and flip properties are the most common customers of Financing Hard Money, LLC.


Links

Real Estate Services: www.ErnieSerrano.com

Rehab References: Email needs to info@FinancingHardMoney.com

Do you want to know HOW MUCH YOUR HOME IS WORTH? Get 3 top VALUATION REPORTS HERE

HOME SEARCH WITH UP-TO-DATE MLS DATA

AUCTION WEBSITES: www.auction.com www.xome.com www.hubzu.com


View new listings as they come on the market for each of your saved searches.

PDF IconUnderstanding Hard Money

PDF IconCapital Credit Line Funds Available in 48 hours. Min. ($250,000)

Create a Username and Password to access your account portal to begin the application process or sign in to complete your application: