Hard Money Purchase Loans

A hard money loan is a short-term loan primarily used for real estate transactions and contrary to a popular myth it’s not because it’s "hard" to get. Traditional real estate loans like a personal mortgage are based on the borrower’s personal ability to repay the loan.

We offer hard money with 100% financing for qualified fix and flip investment. If your deal is good enough we'll fund your purchase, rehab, points, interest,

What is a hard money loan? Hard money is a type of financing used to finance properties for a very short-term like 6 months or a year. Hard money-lenders use different terms than a traditional bank. The first thing you will notice when you finance with hard money lenders is they charge a very high-interest rate.

Wilshire Quinn typically funds loans in 5 to 7 business days and. to individuals who are looking to purchase or refinance an investment property. Wilshire Quinn, a California hard money lender,

Down payment requirements for hard-money loans are also different. You can expect to receive about 60% to 75% of the property value you intend to purchase. If you’re looking at a $200,000 property,

Hard Money Lenders For Land How To Lend Hard Money Now, let’s apply this to a hard money loan. A hard money lender is taking on even more risk and because of the risk, their loan to value ratios are much lower. On a property that’s worth $100,000, a hard money lender may only loan $65,000. That’s a 65% LTV. Does this mean the buyer has to bring a $35,000 down payment? No, and here’s why.