Hard Money Loan
See what a hard money loan looks like on your deal: the rate, the points, the monthly interest, the down payment, the loan at closing, the renovation holdback and the total loan, quoted by the same pricing engine that prices a real file.
An indicative quote from our live pricing engine, not a commitment to lend. Program rules are on our rates and requirements page; Price a Deal takes the property address and issues the term sheet.
The deal on one side. The loan on the other.
The 3-day option is California only. The state sets the program and the pricing.
Funded on a fix and flip; on the buyer for a bridge or the 3-day option.
Needed on a fix and flip: the total loan is capped on it. An estimate is fine.
A ballpark is fine, nothing is pulled. Leave it empty to price on the no-score terms.
Moves the leverage and the rate.
Use a different rate to see the monthly interest at a rate you were quoted elsewhere.
The loan figures stay as quoted; only the monthly interest changes. Back to our rate.
Enter the price, the budget and the after-repair value to see the quote.
This is not a commitment to lend. An indicative quote from our live pricing engine. Lender fees, title, escrow, the appraisal, prepaid interest and taxes are on top of the down payment and the points. Business-purpose loans on investment property only.
How a hard money loan is sized.
On a fix and flip, the loan at closing is a share of the price set by your completed projects in the last three years and your credit band; the quote names the share it used. The 3-day California option is sized on the value. down payment = price - loan at closing
On a fix and flip the budget is added to the loan and released after each inspection as the work completes. On a bridge or the 3-day option the renovation is the buyer's. total loan = loan at closing + holdback
The total loan stays under a share of the after-repair value. When that cap binds, part of the budget falls outside the loan or the down payment rises, and the quote says which cap bound.
The rate and the points come from our live pricing engine, the same one behind Price a Deal, so the calculator and a real quote never disagree. Interest runs on the funds drawn. monthly interest = funds drawn x rate / 12
A credit band moves the leverage and the rate; nothing is pulled. Leave the score empty and the engine prices on its no-score terms, with lower leverage. The 3-day option has no minimum score.
Minimum and maximum loan sizes differ by program, and the quote says when a figure falls outside them; larger files go to the desk. Every live opportunity on this site is priced with exactly these rules.
How the rate is set, and what it takes to qualify, is on the rates and requirements page. Read about the programs themselves: fix and flip loans, bridge loans, hard money loans.
Numbers Work?
Add the property address and the term sheet is instant. The close is 2 weeks out.