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Hard Money Loans
Our hard money loans are designed to get you funded fast & easy. Take a moment to learn about how these loans work.
Loans We Handle
Residential
We lend on all types of investment real estate. Single Family homes, condos, townhouses, multifamily, manufactured, and land.
Commercial
We love commercial lending in all of its forms: construction, rate and term refinance, even high rise buildings.
Land
Just plain raw land? YES! Broken priority land? YES! Land Development Loans? YES! Paper lots? YES! Farms? In most cases!
Commercial
We love commercial lending in all of its forms: construction, rate and term refinance, even high rise buildings.
Apply by calling us or filling out an online application
Hard Money Lending Process
First Talk to an Expert
If you’re interested in getting a hard money loan, there are a few things you should do. Firstly, you need to talk to an expert about how they work.
Give us a call at 702-214-4700 so we can talk to you about how private lending works and answer all of your questions.
Since there are quite a few differences between a hard money loan and a traditional one, you should know what they are before you get started.
Second Meet with our Loan Officer
Secondly, you should come in and visit with one of our Loan Officers. They’ll ask you important questions about the loan and your current situation to get a better understanding of how a hard money loan will help.
Fill Out an Application
Finally, fill out an application. The application process for a hard money loan is quite easy and generally requires less documentation than a traditional loan.
Want to get Pre-Qualified? Fill out an application today.
Get Approved
- What is your reason for the loan? Is it a purchase or a refinance?
- Where is the property you want to buy or refinance located?
- Do you have an idea of the value of the property?
- If you’re purchasing a property, what is the purchase price?
- If you’re refinancing, what is the balance owed on the property?
- How much money do you have in the bank?
- What is your monthly income?
- Can you verify your source or sources of income?
- Do you know what your credit score is?
Get Selected by an Investor
Once we’ve reviewed your application, personal info, and property information in full, we’ll submit the details to our portfolio of Investors.
Next, our Investors will go over the loan parameters and one or more of them will choose to fund your loan.
After an Investor is chosen, your loan application and documentation are prepared and a Closing Packet is sent out for signing by yourself and the Investor(s).
As soon as the documents are prepared and signed by all parties, the Investor(s) wire money to escrow. Then escrow sends the funds to your account or gives you a check and the loan is considered “funded.”
Servicing Your Loan
Now that your loan has been funded, it will be “serviced” by a bonded & insured servicing company that specializes in collecting monthly payments from Borrowers.
There is a small monthly service fee collected by the servicing company which is part of your total monthly payment. For this, they handle most of the aspects of your funds and payments for the life of the loan. For example, the servicing company handles things like:
- Collecting monthly payments from Borrowers.
- Disbursing taxes & insurance, as well as, HOA fees to the appropriate recipients.
- Depositing funds to the investor(s) on the loan.
- If you’re purchasing a property, what is the purchase price?
- Sending the year-end tax statement of the amount of interest Borrowers have paid for tax purposes.
- They will provide a verification of payment history if you decide to get a conventional loan.
- Lastly, when you’re ready to pay off the loan, they’ll provide all figures and required documents to the Investor, title company, etc.