Hard money loans are a type of short-term, high-interest-rate loan typically used by real estate investors who need financing quickly or who cannot qualify for traditional bank loans. 

Unlike traditional bank loans, which are typically based on the borrower's creditworthiness and ability to repay the loan, hard money loans are secured by the value of the property being purchased. In other words, the lender will use the property as collateral for the loan, which reduces the lender's risk if the borrower defaults on the loan.

Hard money loans are typically used for real estate investments such as fix-and-flip projects or bridge loans for purchasing properties that need significant repairs or renovations. The loans usually have a term of 6-18 months and interest rates ranging from 8-15%, though rates can be much higher depending on the lender and the borrower's creditworthiness.

Because hard money loans are typically funded quickly and require less documentation than traditional bank loans, they can be an attractive option for real estate investors who need to move quickly on a property. If you are in need of this type of loan. Click here to apply today!