Hard Money
A hard money loan is a specific type of asset-based loan financing through which a borrower receives funds secured by the value of a parcel of real estate.
- Non-conforming bank loans
- Term: 1 - 3 years
- History of Low Credit
- Foreclosures
- Property doesn't have stabilized income
- 55% Max LTV
Property types include: Mixed-Use, Multi-Family, Office, Retail, Warehouse, Lt. Industrial, Self-Storage, Automotive, Restaurant/Bar, and more.
Needed For Submission
- Executive Summary
- A Complete 1003 and Personal Financial Statement for all Borrowers
- Current Trimerge Credit Report (within 30 days)
- Color Pictures of Subject Property
- Rent Roll
- Operating Statement (investment properties only)
- 2 Years Tax Returns Personal and Business (if applicable)