Hard Money Loans Process Overview

[Jeffrey Hayes]

Hi,  I'm flipping homes now and was just wondering if anyone who has any experience with hard money loans could give me a brief overview of the process as far as whether or not you need to get pre-qualified with a hard money lender before you find your flip.  Does it take a long time to get pre-qualified if you need to before you can get pre-qualified?

I'm shopping for some hard money lenders right now and I know that some don't even do a credit check.  Are you supposed to have a detailed sheet of comps/repair costs to show the lender before you apply for the hard money loan?  I just wondering about the funding process for hard money loans as well.  Any info would be appreciated.  Thanks,  Jeff