Knowledge Base
Frequently Asked Questions
Everything you need to know about hard money lending, our private loan programs, and how to close your next deal.
General
A hard money loan is a short-term, asset-based loan secured by real estate. Unlike conventional mortgages, hard money loans are underwritten primarily on the value of the property rather than the borrower's income or credit profile. They are the preferred form of alternative lending for real estate investors who need fast, flexible private financing.
Banks take 30–90 days and require W-2s, tax returns, and perfect credit. We are a direct private lender that underwrites on the asset. We move in days, not weeks, and we fund deals that banks pass on. Our asset-based lending decisions are made by our credit team — no committee approval needed.
Yes. We are licensed in 42 states and actively lending across the country. We are a direct lender with our own discretionary capital — no broker, no middleman.
Qualifying
No. Our private lending programs are asset-based. For bridge, fix & flip, and construction loans, we do not require personal income documentation. DSCR loans qualify on rental income alone — no personal income needed.
We require a minimum 620 credit score. However, deal quality and property value matter far more than credit score for our asset-based lending programs.
Yes, and we strongly recommend it. We lend to LLCs, LPs, corporations, and trusts. Personal guarantees are typically required from principals of the borrowing entity.
Process
5–10 business days for most programs. Our Fast Track program for repeat borrowers has closed deals in as few as 3 business days.
Draw funds are held in escrow and released upon inspection milestones. Inspections are completed within 2–3 business days, with funds released within 5 days of a satisfactory inspection.
Loan extensions are available in 3–6 month increments for borrowers in good standing. An extension fee of 0.5%–1.0% applies. Contact your loan manager early.
Rates & Fees
Yes — all short-term programs are interest-only. DSCR rental loans are fully amortizing 30-year products structured like conventional mortgages.
Most short-term programs carry no prepayment penalty. DSCR loans may have a step-down penalty clearly disclosed at origination.
No. We provide a complete fee disclosure at term sheet issuance. Standard fees include origination (1.5–3%), processing ($995–$1,995), and applicable draw fees. No surprises at closing.