Hard money loans. Speed-first.
The fastest real estate loan type on the marketplace. Hard money sourced from 14 pre-vetted direct hard money lenders — same-day approvals, 3-day close possible, 7-day median. Asset-based underwriting, no doc, 10-13% rate, 65-75% LTV (90% LTC on fix-and-flip). $25k to $5M+.
Defined
What is a hard money loan?
Hard money is short-term, asset-based real estate financing. The property's value drives the underwrite — not the borrower's income or credit. If the borrower defaults, the lender takes the property. That's why hard money lenders care most about collateral marketability, equity cushion, and exit strategy.
Hard money is the fastest path to close on the platform. Direct lenders pre-fund and pre-underwrite to their box, so same-day approvals on qualified deals are routine. The trade-off is rate: 10-13% is typical, 12-month terms standard, interest-only payments common.
For ISOs, hard money fills the gap where speed beats rate: foreclosure auctions, distressed sellers, partner-buyouts, default rescue, and fix-and-flip acquisitions where the borrower will refinance to DSCR after stabilization.
Hard money at a glance
Terms across direct hard money lenders.
| Direct lenders on platform | 14 |
| Loan range | $25,000 – $5,000,000+ |
| Rate range | 10–13% (median ~11.5%) |
| Max LTV (stabilized) | 65–75% |
| Max LTC (fix-and-flip) | 90% purchase + 100% rehab |
| FICO floor | Often none (asset-based). Some require 600+. |
| Term | 6–18 months typical (interest-only) |
| Prepayment penalty | Usually none |
| Time to close | 3–7 days (same-day approval common) |
| Documentation | No doc — entity docs, contract, appraisal/BPO, title |
Common scenarios
Where ISOs source hard money.
Fix-and-flip acquisitions
Up to 90% LTC + 100% rehab. ARV-based underwriting. Speed beats rate when distressed sellers won't wait.
Foreclosure auctions
Same-day approval, cash-equivalent funding. Pre-funded direct hard money lenders specifically for auction buyers.
Partner buyout
Bridge to fund the buyout. Refinance to long-term takeout (DSCR / agency) at stabilization.
Distressed acquisition
Properties needing rehab don't qualify for conventional. Hard money closes the deal; borrower stabilizes; refinance out.
Foreign nationals
No US tax returns. Hard money underwrites the asset; passport and ITIN sufficient for most direct hard money lenders.
No-credit borrowers
No credit score? Property value carries the underwrite. Higher rate but the deal gets done.
FAQ