Loan options
Hard Money and Rehab Loan
Built around a property rather than a paycheck, for the situations a bank timeline cannot serve.
These are short term loans built around a property rather than a paycheck. Hard money funds fast and is priced for speed. A rehab loan lends against what the property will be worth once the work is finished, so the budget for the work is part of the loan. Both exist for situations a bank timeline cannot serve.
Who it fits
This loan fits you if
- You are buying something a traditional lender will not finance in its current condition
- You need to close in days rather than weeks
- You have a scope of work and a realistic budget
- You have a clear exit, a sale or a refinance, before the term ends
Underwritten on
The property, and on what it is worth once the work is finished
What it asks of you
A costed scope of work, and a clear exit before the term ends
Typical timeline
Days rather than weeks on hard money, longer where a renovation is funded
Next step
Get Prequalified
Think Hard Money and Rehab Loan might be the one
Let us confirm it against your actual numbers before you fall in love with a house.