• Minimum loan size is $150,000.
• Maximum loan size is $3,200,000.
• No pre payment penalty.
• 1 to 3 year balloon date.
• 4 to 8 points for the money depending on property type and borrower.
  

This is all common sense stuff. No bank red tape.
I do NOT need your fingerprints,
nor will I ask for the last 48 quarters
of financial statements...

All the fine print

• Purchase or cash back re-financing.
• I only lend in 1st position. (although a 2nd position loan behind my loan is ok)
• I will need an appraisal of the property. I will order it from a local appraiser near the property. DO NOT order anything yourself. (in most cases I cannot accept any appraisal that I don't order - Too much appraisal fraud going on...)
• I will also need clean Title Insurance. All taxes and liens will need to be
  paid off before, or at loan closing - so that I am in a 1st position.

What I don't do

I cannot make any loan if the property consists of 1-4 units. This would be considered a "residential" loan. I only make "commercial" hard money loans. (I can make an exception if it sits on 25 or more acres)

I repeat, I do NOT make residential loans.

Tired of hearing "no?"

Corporate borrowers are ok, but I will need a personal signer on the loan.
As long as you have equity in the property and a "doable" exit strategy to pay me back, I am happy to make a hard money loan.

 

Tom, Geoff, or McKay will be happy to chat about your loan. Within the first 2 minutes we can determine whether or not we have a good "fit." Again, if you have real equity, then most likely we will fit like a glove.

If you don't like what we have to offer, you won't waste much more than 2 minutes of your time.

We won't waste your time/energy/effort with a deal that has no chance of ever closing...

...Understand that my money is NOT for everyone, nor is it appropriate for every deal.

I am NOT interested in every deal. I do not have unlimited funds. It is our own private money, if your deal makes sense, then let's proceed.

If your deal doesn't fit our guidelines, we will tell you within the 1st two minutes of chatting.

Straight answers, straight from the "horses" mouth...

"The path to success is to take massive, determined action." "To procrastinate is the easiest way out of anything."

If the hard money loan I can offer makes sense to you and you want to move forward to the next step:

What I need

1. A standard loan application on the individuals
2. A copy of the Purchase and Sale Agreement (if a purchase transaction)
3. Pictures of the property
4. Any documentation that would help me make a lending decision

The Loan in Process

I would issue a Letter of Intent based on the facts of your application.

Once you sign and return the Letter of Intent, then title and appraisal will be ordered.

My office will order the appraisal, you will need to pay for the appraisal up front to the local appraiser I choose.

Once the appraisal of the property and the title work is delivered to my office, the closing documents will be prepared and loan closing will be set up usually within 1-3 days. Understand, I am assuming that there are no surprises on the title or appraisal (and there usually always are a few surprises that need to be corrected prior to closing and funding).

Loan closes, funds disbursed. Quick, easy, common sense.

HARDMONEY.CC
1501 Fourth Avenue Suite 1900
Seattle, WA 98101

 

 

Attn: Loan brokers - We love working with brokers. If you have a client who needs my hard money, we need to chat.

If you want to take a hard money test to get pre-approval and you have a sense of humor, you must check this out!

Some of our recent hard money deals.

Attn: Real estate investors - looking for a loan based on appraised value? Or, are you an investor looking for a nothing down hard money loan? I am probably NOT the answer unless the seller will carry back a 2nd position loan for you...

Like what you see here? Feel free to call me or email me - It's the only way to take the next step toward getting funded...

Want to check out a hard money lender blog? hard money blog

Hard Money Quote of the day:

"Oh, you mean you have to have accurate information on the application?"

"Exit strategy? My husband said that he is pretty sure he will win the lottery in the next 12 months."

"How fast can you fund this deal? I really need to move fast..." Want to know what every hard money lender is thinking?

 

Hard Money Lending - heard on the phone recently.

Hard Money - Why is it called Hard Money?

Hard Money Lender - I was looking for a hard money lender on the internet...

Hard Money Loan - Bob didn't plan very well. This is his story...

Sell property or get a hard money loan?

 

 

Still want to search for hard money loans?
www.google.com www.msn.com www.yahoo.com www.dogpile.com www.ask.com