Hard money
Find top hard money lenders
www.fusionprivate.com We are a Premier Private Lending Group. We have developed very seamless loan products, that are a good fit for most borrowers. We provide Hard Money; Rehab loans; Private Bridge and Commercial 30 year loans to real estate investors and commercial property owners. We lend on 1-4 unit investment properties in most of the States and on Commercial Properties Nationwide! On viable deals we can close in a week or less. We FUND up to 90% LTV. Loan amounts $75K - $35M ----- Purchase Loans - These loans in are available in 47 states. In this program we can lend up to 80% of the purchase price, with the borrower or a gap funder providing the down payment and rehab funds. This program is not credit driven. Purchase and Rehab - This program is available in certain parts of the country, and we can provide between 50-75% of the After Repair Value, depending on the location. The borrower must have a portion of his own funds in the deal. This is for the purchase, rehab and sale of properties - fix and flips. This program is available on the East Coast. Cash Out Loans - These loans are provided Nationwide. We can usually provide up to 70% of the property value. With this program, we would consider Commercial and Residential Investment properties. The subject property must have sufficient equity. Commercial Lending - We will consider loans on just about all types of commercial and industrial properties. We do prefer income producing assets. We could provide favorable, 1-3 Year Terms. New Construction - We will consider new construction projects in Metropolitan areas only.
forum posts
Cetan Funds, LLC
Cetan Funds, LLC
Cetan Funds is a private money lender for developers, builders, and investors. We are based in Eugene, Oregon but offer services throughout the state of Oregon. Our team has over 40 years of local lending experience as well as over 20 years in local real estate development, giving us a unique perspective on the needs of professional borrowers in the county and state. We operate with a culture of integrity, transparency, and fairness. Cetan Funds provides many advantages as your private money lender: SPEED - streamlined process can fund deals in 5-7 days FLEXIBLE - we evaluate each project by looking at the whole story and customize the loan package with the right fit COMMUNICATION - work directly with Cetan Funds principals, avoid the layers of bureaucracy SMART LOANS - customized loan packages based on project viability that leverage our strong local market knowledge and extensive experience as lenders and developers VESTED IN YOUR SUCCESS - we want an ongoing relationship, not just a one-way business transaction. We provide ongoing advice and counsel to help you succeed. Cetan Funds offers loans for nearly any business and investment goal, including: Residential Construction Commercial Construction Residential Term Commercial Term Fix & Flip Rehab Loans Acquisition & Development Bare Land and Lot Loans Lines of Credit We can offer a loan product for nearly any situation. For more information, please contact us.
forum posts
888-460-4518 ● Rates starting at 4.99% for Stated Income Loans, 30-year term. ● Rates starting at 6.99% for Hard Money Loans, 6-36 month term. ● Loan amounts from $100,000 to $15,000,000 ● No upfront fees No income documentation, no income verification, no tax returns, no tax transcripts, no bank statements required for most programs. The emphasis is mainly on the property and equity position. _________________________________________________________ Here at FundingPilot (formerly Oracle Loans) we make sure to go above and beyond the traditional lending criteria. We have unique lending programs for both real estate investors and business owners, which gives you immediate access to the capital you need. We provide a fast, easy, and efficient funding process so that real estate investors and business owners, like you, can focus on the most important thing...financial success. We treat you like a partner, not just a customer, and will handle your funding requests with the utmost respect and confidentiality. We take great pride in learning and understanding your needs, which is why we are constantly striving to provide the best quality service. Please take a few minutes to explore below, or visit our website www.FundingPilot.com to learn more and obtain all of the information you need to make an informed decision. You can also reach us directly at 888-460-4518. LENDING PROGRAMS THAT WE OFFER: - Real Estate Investor Line of Credit - Stated Income Line of Credit - Fix & Flip Line of Credit - Stated Income Loans - No Doc Loans - Hard Money Loans - Bridge Loans - Commercial Real Estate Loans ...read the full program overviews by visiting www.FundingPilot.com _________________________________________________________ LOAN AMOUNTS: $100,000 - $15,000,000 TRANSACTIONS: Purchase, Refinance INTEREST: starting at 4.99%* AMORTIZATION: Fully Amortized or Interest-Only TERMS: up to 30-years for Traditional AND 1-3 years for Hard Money/Bridge CREDIT: 500+ FICO required for most scenarios UPFRONT FEES: None LENDING TERRITORY: 43 States *4.99% is our lowest rate available for a 30-year term; please keep in mind that factors such as transaction type, property type, property location, property condition, credit score, and LTV play a direct role in loan pricing. One of our award-winning Loan Officer's will be able to supply you with the exact interest rate and loan terms for your specific scenario. _________________________________________________________ REAL ESTATE INVESTOR LINE OF CREDIT This program offers a hassle-free experience for business owners who need access to credit without having to worry about the time, costs, and documentation requirements often associated when getting a mortgage, loan, or home equity line of credit. There is no income verification, no financial documentation, and is 100% unsecured which means there is no collateral requirement. Also, since these credit lines do not report to your personal credit report it will not affect future financing transactions. Because of this flexibility it comes as no surprise that some of our most popular clients include real estate investors. Whether seeking to fix and flip, or fix and hold, this program allows investors to have open credit lines to make repairs or improvements not only for current projects, but future projects as well. To apply please complete the Fix & Flip Line of Credit Pre-Approval Form or call our Credit Line Department directly at 888-460-4518. Aside from real estate investors, we find that many borrowers are those who did not qualify for home improvement / rehab mortgage programs such as the FHA 203k or Fannie Mae HomeStyle. Whether you were turned down due to the property type being ineligible, LTV was too high, DTI was too high, or qualifying income was too low, the Stated-Income Business Line of Credit bypasses all of those major obstacles and lets you stay on track to accomplish your goals. Line Amounts: $10,000 - $250,000 Interest: 0.00% first 6-24 months Payments: Monthly Type of Account: Open / Revolving Territory: Nationwide Entity Type: Sole Proprietor, LLC, Corporation, Partnership First-Time Flip?: Eligible! 680+ FICO: Required. No co-signer needed. Under 680 FICO: Co-signer required. Verify income?: NO Verify financials?: NO Collateral?: NONE Pre-Approval Time: within 24 hours!
forum posts

What Is A Hard Money Lender?

A hard money loan is an asset-based loan. One of the biggest factors affecting the approval of a traditional loan is your credit history and income. Lenders want a candidate that possesses a reputable re-payment history because this demonstrates the consumer’s ability to repay loans.

However, a great credit score and a lot of income is not always guaranteed an approval and the overall process can sometimes take a long time. Hard money lenders utilize a different approach by lending funds based on collateral and therefore, the lender places less emphasis on credit history. Hard money loans are not for everyone, but there are several situations where these loans make sense.

Strategies Using Hard Money

There are different instances when a real estate investor will be more likely to use a hard money loan versus a traditional loan. Real estate investors might find themselves using a hard money loan in the following instances.

Fix & Flip
One of the most important things to understand when considering hard money is that each lender considers things differently than the next lender. Each lender is going to have his/her own criteria but most of them will base their loan off of a percentage of the after repair value or AVR. The following could also be considered when looking at a hard money loan:

  • Independent appraisers AVR
  • In-house AVR
  • Percentage of total costs
  • Percentage of the purchase price of the property
All lenders are different so be prepared for the hard money lender to consider any combination of the above before settling on the loan.
If you are a real estate investor looking to execute the BRRRR strategy then the first thing you are going to want to do is secure a lender. One of the biggest mistakes that real estate investors make in the BRRRR strategy is only looking for a lender right when they need one. The best thing that you can do for yourself is to begin searching for, vetting and building a relationship with a lender as early in the process as possible. Meeting with lenders earlier will highlight any issues you might have with credit or income that you might need to get fixed before you really need the money for repairs. Getting this handled early will save you a big headache in the future.
Short Term Financing
A short term loan is the traditional loan when a real estate investor is fix and flipping a property. With this type of loan you will typically only have 2-3 months to rehab and then resell your property for a profit. Short term financing is a good idea for properties that have a lower volume of fixes and repairs before putting the property back up for sale. Due to the short time period before the loan expires, you don’t want to get caught up with too many long term projects and have time run out. This would be homes that only need cosmetic repairs, upgraded appliances or minor repair work.

Questions To Ask A Hard Money Lender

Based on the best practice of reaching out to multiple lenders, you will want to make sure you have a proper list of questions available to you to vet out which lender is best for you. Here are some questions that you should ask a potential lender:

  • Are you the actual lender or just a broker?
  • Do you check personal credit? What score are you looking for?
  • What project details and documents do you need to make a quote?
  • How long will it take to get a quote?
  • Where does your money come from? Is this money in your control or do you receive it from a third party?
  • What happens if my loan needs to be extended?
  • How do you handle interest? Is it upfront, monthly or at the end?

Having Trouble? Contact Customer Support

If you are experiencing issues with the company directory please don’t hesitate to reach out to BiggerPockets’ customer support.


Create a BiggerPockets Company Profile

Drive new leads for your business with a BiggerPockets company profile!

Create a Company