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Hard Money Programs We Offer

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Hard Money Loan Asset Based Program

Stated Income / No Doc

This program is an asset-based lender

Currently in foreclosure OK

Currently in bankruptcy or past bankruptcies OK

In probate OK

Residential and commercial properties

Available in the Following States:

Alabama, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Illinois, Kansas, Kentucky, Maine, Massachusetts, Mississippi, Nevada, New Hampshire, New Jersey, North Carolina, Oklahoma, Oregon, South Carolina, Tennessee, Texas, Virginia, and Washington.

Super Jumbo Investor – 30 million

Super Jumbo Loan Amounts to $30,000,000

Non-Prime/ Manual Underwrite Super Jumbo

Common Sense Manual Underwriting and in-house decisions. Final decision with second signature requirement.

Bank Statement Income Documentation

* Bank Statements – 12 Months and 24 months

* Borrower-Prepared Profit and Loss

Property Types:

* Single Family Residence

* 2 Units

* 1-4 units

Highlights:

* Interest Only Available Including Cash Out Refinance

* Unlimited Cash Out

* Bridge Financing Available

* Reverse 1031 Available

* Cross Collateralization to Leverage Borrowers Investment Properties – 80% LTV

* DTI > 50%+ OK

* Gift Funds OK

* Cash Out Qualifies for Cash Reserves

* Departing Residence – New Rents Allowed

* First Time Investors OK – No Landlord Experience Required

* Vesting In Business Entities OK

* 6 Months Reserves with No Additional Reserves Required for Additional Real Estate Owned

Loan Scenario Form – Credit Check Not Required

Available in the Following States:

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Mississippi, Missouri, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Vermont, Virginia, Washington, and Wisconsin

After Repair Value Purchase Loan (ARV)

Our ARV construction loan enables investors to finance the purchase and renovation of a property, leveraging the expected increase in value after repairs are completed.

After Repair Value Rehab Loan Program Explained

An “After Repair Value” (ARV) construction loan is designed to provide financing for real estate investors looking to purchase and rehabilitate properties.

After Repair Value Hard Money Loan Purchase and Rehab

The process involves careful planning, regular inspections, and adherence to the agreed-upon renovation schedule to ensure the project’s success and secure the necessary funding. Here’s how it work with most lenders that offer this product:

Initial Property Assessment:

  • Lender appraises the property to determine its current as-is value and estimates its ARV based on the proposed renovations.
  • Identify a property in need of renovation and approaches a lender for financing.

What You Should Know – ARV Loan Approval Process:

  • The lender evaluates the borrower’s project plans, budget, and experience.
  • The loan amount is typically based on a percentage of the ARV, often ranging from 65% to 75%.

For example, if the ARV is estimated at $1,000,000, the lender might approve a loan up to $700,000 (70% of ARV).

ARV Disbursement of Funds:

  • The loan may cover both the purchase price of the property and the renovation costs.
  • Funds for renovations are often released in stages, or draws, based on the completion of specified project milestones
  • Inspections are conducted at each stage to ensure that the work is being completed according to the plan.

Interest Rates and Repayment:

  • ARV construction loans are usually short-term loans with higher interest rates compared to traditional mortgages, reflecting the increased risk.
  • Borrowers typically make interest-only payments during the renovation period.
  • Once the project is completed and the property’s value has increased, the borrower can refinance into a long-term mortgage, sell the property, or pay off the loan through other means.

ARV After Repair Value Lending Parameters

  • Loan Size $100,000 to $5,000,000
  • LTC Up to 80% of purchase price
  • Rehab Funding 100%
  • LTV Up to 70% of the ARV
  • Term Standard is 12 months. 24-36 months is available
  • Lien First lien; second lien as additional collateral only

Available in the Following States:

Alabama, Arizona, California, Colorado, Delaware, Florida, Georgia, Hawaii, Illinois, Iowa, Kansas, Maine, Maryland, Massachusetts, Missouri, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Virginia, and Washington.

Bank Statements – Jumbo Mortgage – Interest Only

12-Months and 24-Months Bank Statement 80% LTV

Purchase up to $3,000,000 – 660 Credit Score with Six Months Reserves

Cash Out Refinance up to $2,500,000 – 680 Credit Score with Six Months Reserves

Interest Only Available on Owner-Occupied / Primary Residence

** Purchase and Rate/Term Refinance:

640 Credit Score: 75% LTV – $1,500,000

660 Credit Score: 75% LTV – $2,000,000

680 Credit Score: 75% LTV – $2,500,000

700 Credit Score: 75% LTV – $3,000,000

** Cash Out Refinance:

* 640 Credit Score: 70% LTV – $1,000,000

* 660 Credit Score: 65% LTV – $2,000,000

* 680 Credit Score: 70% LTV – $1,500,000

* 680 Credit Score: 65% LTV – $2,500,000

Second Home

Purchase and Rate/Term Refinance:

* 660 Credit Score: 75% LTV – $1,000,000

* 680 Credit Score: 70% LTV – $2,000,000

* 700 Credit Score: 75% LTV – $1,500,000

* 700 Credit Score: 70% LTV – $2,500,000

** Cash Out Refinance:

* 700 Credit Score: 65% LTV – $1,500,000

* 700 Credit Score: 60% LTV – $2,500,000

Non-Owner Occupied / Investment Property

Purchase and Rate/Term Refinance:

* 700 Credit Score: 65% LTV – $1,500,000

* 700 Credit Score: 70% LTV – $1,500,000

* 700 Credit Score: 65% LTV – $1,500,000

* 720 Credit Score: 70% LTV – $2,000,000

Cash Out Refinance Notes:

Maximum Cash Out – 55% of the Total Loan Amount up to 75% LTV.

* < 55% Loan-to-Value (LTV): Unlimited

* Florida Condos: 55% Maximum

* Interest-Only payment feature available to 80% LTV

Documentation:

* Credit report: <90 Days old at closing

* Income and assets: <90 Days old at closing

Liquid Assets:

* Full assets required for both down payment and closing costs.

* Business bank account funds can be used for “reserves” if the Borrower is 100% owner of the business.

Asset Utilization:

* Stocks, bonds, mutual funds: 75%

* Retirement funds amount invested, 65%

* Gift of equity not allowed.

Available in the Following States:

Alabama, Arizona, California, Colorado, Delaware, Florida, Georgia, Illinois, Iowa, Kansas, Maine, Maryland, Massachusetts, Nevada, New Jersey, North Carolina, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Virginia, and Washington.

Hard Money Loans

Hard Money Loans

Unconventional Loan Programs We Offer - Guidelines and Highlights:

Our mission is to help individuals, investors, builders, developers, foreign nationals, and all legal entities including foreign legal entities obtain alternative real estate financing options to assist in a diverse real estate market (usually understood as Hard Money loans). We are a unique Hard Money Loan service for a variety of real estate transactions, including investor purchase loans; refinance cash out option; new construction; second trust deeds; third trust deeds (Hard Money); refinance loans for primary and investment properties; fix and flips; rehab projects; probate properties; rental properties’ non-warrantable condos; mixed-use; mobile manufactured homes; rural area properties and unconventional properties such as what are called ultra-modern properties that lack traditional ‘comparables’. We also have programs for other types of properties including ‘log’ and ‘dome’ homes.

Hard Money Lending

We have equity-based portfolio lenders, direct money lenders, and banks that offer soft money, sub-prime and non-prime loan programs including Small Business Loans and alternative-equity-financing options; our Hard Money division is on pace to do over 160 hard money loans this year. Our Hard Money mortgage loan department is a network of 39 individual Equity-Based lenders; Hard Money lenders/ Private Money lenders that will fund any reasonable loan scenario.

Hard Money Experience

There are many advantages of working with an extraordinary Mortgage Broker as Hard Money Mortgage Brokers can provide special services: a fast and efficient funding experience with easy terms and limited conditions. Some additional benefits of working with a Hard Money broker include a wide range of loan programs that come with the lowest pricing the market can offer. If a borrower is in the market for a hard money loan, they might get approved for a Soft Money loan program with a lower rate with a 5-year interest-only feature without a pre-payment penalty, as one example.

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Seasoned Real Estate Investor niche: some Hard Money/Private Lenders like working specifically with seasoned real estate investors. These guideline criteria can be quantified or qualified by the number of years or number of transactions undertaken by the borrower. For example, some lenders want to lend only to real estate investors that have completed more than 3 transactions, and some will not touch a real estate investor with less than 3. A further example is that some Hard Money lenders will not lend in an urban area and some will not lend in rural areas. When a lender requires a niche, they also, in turn, will provide discounted pricing, thus benefitting the consumer.

Hard Money Super Jumbo Florida

Hard Money Super Jumbo Mortgage program

Super Jumbo Loan Amounts: $5,000,000 and up to $10,000,000 on a case-by-case basis.

Eligible Transactions

Eligible for a variety of loan purposes, including purchases, refinancing for rate or term adjustments, cash-out refinancing, bridge financing, blanket loans, and rehabilitation loans, our mortgage products offer versatile solutions to suit diverse borrower needs. Whether you’re seeking to purchase a new property, optimize your existing mortgage terms, access cash equity, bridge financing between properties, or fund rehabilitation projects, our loans are tailored to support your objectives. With a focus on flexibility and adaptability, we aim to provide financing options that align with your specific transaction goals, enabling you to achieve your real estate ambitions effectively.

Our mortgage products accommodate a wide range of property types, including single-family residences (SFR), condominiums, non-warrantable condos, high-rise condos, as well as properties with two, three, or four units. Whether you’re looking to finance a traditional single-family home, invest in a condominium unit, or purchase a multi-unit property for rental income, our loans are tailored to suit various property types and investment strategies. With a focus on versatility and inclusivity, we aim to provide financing solutions that align with your specific property preferences and investment objectives effectively.

By offering financing options for diverse property types, we strive to support a wide range of borrowers, from homeowners to real estate investors. Whether you’re seeking to purchase a single-family home, condominium, or multi-unit property, our mortgage products are designed to meet your needs. With flexible terms and competitive rates, we aim to make the process of securing financing for your preferred property type as seamless and efficient as possible, empowering you to achieve your real estate goals with confidence.

Eligible Property Types

* Single Family Residence

* Condominium <4 Stories

Eligible Borrowers:

Eligible borrowers include Foreign Nationals, Foreign corporations, and Non-resident aliens.

Eligible Title Vesting

* Corporations

* LLC

* Trusts

Underwriting Highlights:

* Foreclosure Avoidance OK

* Purchase seasoning not required for cash-out refinance.

* Business Purpose (owner and non-owner-occupied investment properties)

Available in the Following States – Florida

Ref #155524012115

Jumbo Private Hard Money Program

Hard Money Loan Program

All Property Types (Except Land & Manufactured Homes)

1st Trust Deeds Available and 2nd Trust Deed HELOC’s from $250,000 – $10,000,000

Guideline Highlights

Bridge Loans

Current NOD / NOS = OK

Current Bankruptcy = OK

Mortgage Lates = OK

Low Fico Scores = OK

Quick Funding

Just Funded: $980,000 1st TD, $1,100,000 1st TD, $700,000 1st TD, $150,000 2nd HELOC, $250,000 2nd HELOC, $185,000 2nd HELOC, $145,000 2nd HELOC, $300,000 HELOC

Available in the following states:

Alabama, Arizona, California, Colorado, Florida, Georgia, Illinois, Nevada, Oregon, Texas, and Washington.

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Non-QM Mortgages

Alternative Income Documentation

Wholesale Broker Lenders

Bank Statement Loan Niches

Bank Statement Refinance Loans

1 Month Bank Statement Loan

3 Month Bank Statement Loans

6 Month Bank Statement Loans

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Alt Doc - Purchase Loans

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