A “hard money” loan is a short-term bridge loan used to acquire or refinance a property when conventional financing is not available or will simply take too long to close. A hard money loan is a great fit in the following situations:
At Loan Workout Group, our hard money loans close very quickly… even in as little as 3 days! Our hard money loans require no personal income verification and very little documentation!
What is a hard money loan typically used for? A hard money loan also known as an asset based loan is traditionally used to finance the acquisition of a property, as well as improvements or renovations for real estate investors or as a short term financing solution for borrowers who can not qualify with a conventional bank. In the case of a real estate investor, after the renovation is complete the property will be sold or leased up. The Hard Money Private Mortgage Lending loan will then be refinanced with a lower rate & longer term permanent financing. Essentially, hard-money loans “bridge” the gap for the investor until permanent financing becomes available or the property is sold.
Hard money lending provides quick financing solutions, including hard money purchase loans, refinance loans, and loans for real estate investors. These options are ideal for those seeking flexible, asset-based funding tailored to property investments or refinancing needs.
| Loan Amount: | $75,000 – $25 Million |
| Term Length: | 6 – 36 months |
| Max LTV: | Up to 80% |
| Amortization: | Interest only |
| Interest Rate: | Starting at 9.49% |
| Closing Time: | 3 – 7 Days |
| Loan Use: | Purchase, refinance, cash-out, construction, renovation |
Speak to Financial Advisor +1 – 786-863-8686
Simple… Equity in the property!
Origination Fee: 1.75% – 2.75% of the loan amount
No Prepayment Penalty
No Appraisal Necessary
Under 660 Credit Up to 65% LTV
Over 660 Credit Up to 80% LTV
Single Family is classified as one to four-unit residential use dwellings including condominium, P.U.D., townhomes, duplex’s, triplex’s, and quadplex’s. At Loan Workout Group, we will lend to real estate investors and entities looking to purchase, refinance, Fix and Flip Loans, or buy to rent from $75,000+.
Retail is any property used for commercial retail space such as a storefront for selling goods or services. Loan Workout Group will lend to real estate investors and business owners who are looking for a loan for: purchase, refinance, bridge to stabilization, bridge to sale, or bridge to construction take out from $250,000+.
Multi-family is a classification of housing where multiple units (5+) for residential use are contained within one or more buildings within one community or complex. At Loan Workout Group, we will lend to real estate investors looking to purchase or refinance multi-family properties with loan amounts of $250,000+.
Office is a property classification which generates income from tenants comprised of businesses and professionals. Loan Workout Group will lend to real estate investors and business owners who are looking for a loan for: purchase, refinance, bridge to stabilization, bridge to sale, or bridge to construction take out from $250,000+.
Mixed-use is a type of development that blends residential and commercial uses into one integrated complex or building. At Loan Workout Group, we will lend to real estate investors in the following scenarios: purchase, refinance, bridge to stabilization, bridge to sale, or bridge to construction take out on mixed use projects with loan amounts from $250,000+.
Loan Workout Group will lend to experienced operators with a flag in the hotel and lodging sector. Loan amounts are $500,000+.
Other eligible properties include: Self storage, senior housing, marinas, parking facilities, automotive
Common uses include: Acquisition, refinance, cash-out, renovation / construction
Loan Workout Group recently financed the acquisition of a luxury single family investment property purchased in Plantation, FL.
Loan Workout Group recently financed this oceanfront property in less than 7 days! No Income Documentation, Credit Requirement, or Appraisal!
Need to close fast? Hard Money Loans are a great fit!
Benefits of our Hard Money Loans:
No Income Documentation
No Credit Minimum
No Appraisal Req.
Quick Closing: 3 to 7 Days
Rates Starting at 9.49%
Up to 80% Loan to Value
No Debt Service Coverage Req.
No Prepayment Penalty
No Upfront Lender Fee
Speak to Financial Advisor +1 – 786-863-8686
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