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email footerWhat is “Hard Money”?

  • Hard Money is a High Cost, High Interest, Short Term loan based on Real Estate.  We must tie the loan to a first mortgage (sometimes a second mortgage) on a Real Estate somewhere in the United States, preferably Hawaii.

Why would anybody borrow Hard Money?

  • In this industry, we say “There are only 3 reasons to do a hard money loan . . . time, time and time” – where a bank may take 45 to 90 days to get you $100,000 or $250,000 or $1,000,000 . . .  we do it in 15 business days.

I have bad credit . . .

  • We don’t care . . .   . . .we loan based on the asset, the property . . .

I was a felon . . .

  • We don’t care . . .   . . .we loan based on the asset, the property . . .

I have a repossession on my record . . .

  • We don’t care . . .   . . .we loan based on the asset, the property . . .

I had a foreclosure in the past . . .

  • We don’t care . . .   . . .we loan based on the asset, the property . . .

I am handicapped and don’t have a job . . .

  • We don’t care . . .   . . .we loan based on the asset, the property . . .

I won’t be able to make the payment for 3 or 4 months . . .

We don’t care . . .   . . . depending on the numbers, we can loan you the first 3 months payments if we have to.

What do you mean by “short term”?  How long is that?

  • Remember, we are a group of over 100 private lenders; all with different requirements.  Most consider short term to be 6 months or one year but I have some lenders that will do 5 or even 10 years (but not many). . .

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