Saturday, August 13, 2022 


Hard Money

When you dont fit in traditional conventional financing due to either credit issues or inability to document income,  private lenders can provide a viable financing source.

Private party lenders, also known as hard money lenders, provide a quick and easy financing solution when all else fails.     Hard money lenders provide a last resort loan option when traditional and portfolio lending sources are not available.   This loan solution is typically stated income, requiring no income documentation and is very easy streamlined low documentation.   Also, loan process is very fast, can usually close as quick as 5-7 business days from start to finish.  

The only "hard" part is the rate and closing costs, which are going to be much higher than more conventional full documentation loan options.  These loans are usually short term, 1-5 yrs which are due and payable at end of loan term.   Private party lenders only finance investment non-owner occupied properties, or business purpose mortgage loans,  and require a strong equity position 60-70% loan to value typically.

This is a short time solution, when all else fails, that can provide temporary financing until can refinance into a better priced long term solution.

I have access to over 30 lenders which includes every residential home loan solution, including solid hard money options!

Call me today to get help me qualify you for the best customized loan solution at

Tom Hodges