When traditional financing isn’t available, a hard money loan may be your best solution
Hard Money Loans — Quick Reference
- Second and vacation homes, investment property, and commercial property are eligible. Primary, owner-occupied homes must meet certain exemptions to qualify. Call for info.
- Property title vested in a Corp, LLC, LLP, or trust are eligible
- Borrow up to 65% of the conservative value of your second home, vacation home, or investment property for purchase, refinance, or cash-out purposes (no owner-occ primary residences unless the transaction meets specific exceptions)
- 1st and 2nd mortgage loans available
- Rates from 8.50% to 14.99%
- SFR, condo / townhome, 2-4 units, apartments, mixed-use and commercial income property are acceptable collateral
- Good credit isn’t required
- Close in less time than a bank loan
- Read “What Will A Hard Money Loan Cost Me “
Restrictions
- Residential hard money loans limited to California only (Commercial income property hard money loans available nationwide)
- Minimum hard money residential loan is $50,000
- No “cash-out” loans on lots or land
- No residential rehab loans based on “after repaired value” (current AS-IS value only)
- Homes on leased land do not qualify
- All loans underwritten on a case-by-case basis
- Our minimum hard money loan amounts and general guidelines can be found on our guidelines page.