HARD MONEY LOAN PROGRAMS

There is a large amount of real estate investors that struggle with other sources of financing such as traditional mortgages and lines of credit. This is why borrowers choose to work with a Hard Money Loan because this type of program is an asset-based loan, which means the financing is based on the Loan to Value (LTV) of the Asset. 

Unlike other private money loans, a Hard Money Loan does not go through full underwriting, as it doesn’t have many guidelines and criteria there isn’t any minimum FICO requirement for the borrower.

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Real Estate Investors who aren’t able to secure financing with a traditional mortgage loan for their investment property, can turn to hard money lenders, like Stratton Equities to obtain funding.   

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For both experienced and novice Real Estate Investors, a private hard money loan program is the perfect solution to achieve your real estate investment goals. 

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If you’ve never worked with a hard money lender before, here is an overview of hard money lending and a breakdown of a hard money loan.

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Hard Money Loans 101

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• Hard Money Loans are for investment properties Only

• Due to their high-interest rates and costs, they cannot be used for owner-occupied properties – making them ideal for the real estate investor.

• Hard Money Loans are LTV loans, meaning that they are based on your assets rather than your credit history, and are generally capped at 75% of your asset’s value.

• The Hard Money Loan requirements and approval process are quick and easy as there are few regulations and no minimum FICO score required.

• Funding from a hard money loan can be received in as little as 2-3 weeks from applying.