Hard Money – Rehab Loans

Hard Money Loans outside of Ohio are available on a very limited basis due to the CoronaVirus.

Normally, getting your deal funded isn’t hard. CoronaVirus changed that.
If you have a good deal in Southwest Ohio, we have the funds. Outside that area, “it depends”.

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. 600 min, 620 better, 640 preferred)
Loan Minimums

If you’re in the Dayton, Cincinnati, or Columbus area, there is not a loan minimum.

If you are outside our local footprint, the minimum loan is $75,000. 

Down Payment

You will have a down payment. Most often it’s 25% of the purchase price with a minimum of down payment of $12,500.

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 Private Money flyer below. If an appraisal is required, you’ll pay for the appraisal.

Interest Rate

Varies with experience and Loan-To-Value. It ranges from 7.99% to 12%. You can look it up on the flyers available below.

Loan Terms

Twelve months with monthly interest only payments. Generally, it’s pretty easy to extend if you’ve been a good borrower.

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, industrial buildings and more. Terms will 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.

Private Money is currently available in Dayton, Columbus, Cincinnati, and nearby areas.

The lower rate hard money below are available in 39 states. Requirements are changing frequently, the flyer is a rough guide only.