About Hard Money
Why Hard Money?
In a competitive real estate market, cash is king. What many investors have learned, though, is that while cash may be king, it is not always completely necessary. Hard money loans provide investors who do not have (or want to deploy) all of the cash required to fund a purchase + renovation the ability to compete with cash buyers, while utilizing just a fraction of the cash out-of-pocket.
What are Hard Money Loans
What is the average hard money loan duration?
Most hard money loans that are for rental properties pay off in 90 days or less. If the repairs are completed in 30 days or less, and you immediately get it rented, your tenant will be making your payments. We have actually had some clients refinance in under 45 days. On properties being flipped, the current average loan duration for our clients is 120 days.