HARD MONEY
Hard money loans are short-term financing solutions tailored for real estate investors looking to fund investment projects. These loans are commonly used by house flippers or real estate developers aiming to purchase or renovate a property and then sell it for a profit. Unlike traditional loans from banks, hard money loans are provided by private lenders.
Approval for hard money financing isn't based on the borrower's creditworthiness but rather on the value of the property itself. At ROWLAN Capital, we determine property value through appraisals and, for properties requiring renovation, we consider both the as-is value and the after-repair value to assess the loan.
Lending Area
United States, emphasis in Florida
Loan Size
$50,000 to $3,000,000+
Loan to Value(LTV)
Up to 75% LTV
Closings
Typically 7-10 business days
Amortization
Interest only or amortized
Credit verification is required, but there are no minimum score requirements.
Existing equity in the property or sufficient collateral is needed.
Business ownership is mandatory, and the loan must be closed under a business entity (LLC, Corporation, etc.).
No income documentation, debt-to-income ratio, or employment verification is necessary.
Whether vacant or tenant-occupied properties, both are acceptable.
Available for rate & term, cash-out refinances, or purchases.
Applies to all property types, both residential and commercial.
Affordable fixed interest-only payments.
Enjoy low rates, fast approval, and no documentation required.
Modern solutions
Despite the streamlined nature of this loan, there are still a few documents typically required. For instance, the lender may request a credit report to assess your current score, and an appraisal is usually needed to confirm the loan amount aligns with the property’s value. While it is possible to secure one of these loans without these documents, doing so often results in significantly higher costs.
- Your credit score is low (Under 600)
- Self-employed business owners
- You do not claim all of your income on your tax return
- Non-U.S. citizen and receive non-documented payments
- You are unemployed and do not meet the income requirements for a traditional loan
- Your debt to income ratio is poor