(Last Updated On: January 29, 2019)

How a Hard Money Loan Works

· A hard money loan is used to fund the acquisition and rehab of investment properties.

· They can be obtained quicker than traditional mortgages and the qualifications are more flexible.

Hard Money Loan Timeline

· The specific hard money loan timeline is typical:

· Pre-qualification: Less than 24 hours

· Time to funding: 7 – 15 days

Hard Money Loan Rates and Fees

· Typical hard money loan rates and fees are:

· Interest rates: 9.75 – 14.5%

· Lender fees: 2.5 – 5.0%