Secured Hard Money

[Kwanza P.]

Is there such a thing as a secured hard money loan ?

Also, can I trade equity for a fast loan ? 

[Katie Smith]

Hi Kwanza! You can look into doing a bridge loan on a property you already own and pull cash out for a 12- or 24-month interest-only term. These types of loans are great for accessing equity quickly without needing to sell or refinance into a long-term product right away.

Lenders typically base the loan amount on the as-is value of the property, and depending on your credit and experience, you can often get up to 65-80% LTV. This can be a great option if you're planning to use the funds for another investment, complete a rehab, or simply need short-term liquidity while you position the property for long-term financing or sale.