Frequently Asked Questions

Investors who flip homes, build new projects, or buy multifamily and mixed-use buildings use them often. Business owners and tech professionals with stock-based pay also use them when speed matters more than the lowest rate.

A typical maximum is around 70% of the property's value. Some flip programs go higher based on after-repair value. Your actual limit depends on the lender, the property and your experience.

Hard money lenders weigh the property and your plan more heavily than a bank would. Some lenders still set a minimum credit score, and one commonly cited figure is 660. Requirements vary by program.

Single-family homes, condos, multifamily, mixed-use and some commercial properties are common. TIC properties and condo conversions can be more complex, so share those details early.

It depends on your goals. Hard money usually costs more but moves faster and is more flexible. Bank loans often cost less but can take roughly 45 days and require more paperwork.

It is your plan to repay the loan. Common exits are selling the property, refinancing into long-term financing, or paying off the loan from another source. Lenders want to see a realistic plan.

Some programs do not lend on owner-occupied homes, and others have extra rules. Tell us how you will use the property and we will help you find options that fit.

A purchase contract or current loan statement, a scope of work and budget for renovations, proof of funds for your down payment, and entity documents if you buy through an LLC. A clear exit plan also helps.