Hard Money – Rehab Loans

New Hard Money Loans are only available on a very limited basis due to the CoronaVirus.

Getting your deal funded isn’t hard. If you have the deal, we have the funds.

Apply for your Hard Money Loan Here

  • Fast approvals and closings
  • Lower rates for experienced investors
  • Low documentation requirements
  • Credit matters, but we’re not credit intense (We do look. 550 min, 620 better, 640 preferred)
Loan Minimums

Most loans have a minimum of $75,000. If you’re in the Dayton area, there isn’t a loan minimum. We’ll flex on the minimum for deal in Cincinnati and Columbus too, but not quite as easily as Dayton.

Down Payment

You will have a down payment. Most often it’s 20% of the purchase price with a minimum of down payment of $10,000. For experienced borrowers the down payment could be reduced to 10% of the project cost (purchase + rehab).

Rehab Funds

We can usually fund 100% of the Rehab.

Loan Costs

We don’t have a long list of fees and charges. For a $100,000 loan, it’s 4 points + $130, + title company fees. If the loan is under $100,000, it’ll be more than 4 points, but no more than $4,000. You can look it up on the specific loan program page. (Pages not created yet.) If an appraisal is required, you’ll pay that.

Interest Rate

Varies with experience and Loan-To-Value. It ranges from 7.99% to 12%. You can look it up on the specific loan program page. (Pages not created yet.)

Loan Terms

Twelve months with monthly interest only payments.

Additional Info

Hard money loan requirements for most property types are similar. We focus on 1-4 family residential and apartments, but we’ve also done condos, townhomes, shopping centers, mixed use, and more. Terms may vary.

Apply for your Hard Money Loan Here

Note:  Interest Rate and program terms are subject to change.  Final terms vary according to the specifics of the loan transaction.  Please call for details.