Hard Money Loan Program

A "hard money" loan is a short-term bridge loan used to acquire or refinance a property when conventional financing is not available or will simply take too long to close. A hard money loan is a great fit in the following situations:

  1. When you need to close fast (in less than 2 weeks).
  2. When the property is not generating any income (not leased).
  3. When the property needs renovations.
  4. When you don't have great credit (below 620)
  5. When you can't provide verifiable income (no tax returns available).
  6. Foreign National Borrower

At Capital Funding Financial, our hard money loans close very quickly... even in as little as 5 days! Our hard money loans require no personal income verification and very little documentation!

What is a hard money loan typically used for? A hard money loan also known as an asset based loan is traditionally used to finance the acquisition of a property, as well as improvements or renovations for real estate investors or as a short term financing solution for borrowers who can not qualify with a conventional bank. In the case of a real estate investor, after the renovation is complete the property will be sold or leased up. The hard money loan will then be refinanced with a lower rate & longer term permanent financing. Essentially, hard-money loans "bridge" the gap for the investor until permanent financing becomes available or the property is sold.

Program Overview

Loan Amount: $75,000 - $10 Million
Term Length: 6 - 36 months
Max LTV: Up to 70%
Amortization: Interest only
Interest Rate: Starting at 7.99%
Closing Time: 5 - 7 Days
Loan Use: Purchase, refinance, cash-out,
construction, renovation
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Pro's About Hard Money Loans:

  • Flexibility
  • Quick closing in 5 - 7 Days
  • Interest-only payments
  • Wide range of property types
  • No Income Documentation
  • No Minimum credit requirement

What Do I Need To Qualify?

  • Simple... Equity in the property!
  • Origination Fee: 1.25% - 2.95% of the loan amount
  • No Prepayment Penalty
  • No Appraisal Necessary

Eligible Properties for Hard Money Loans

Single Family

Single Family is classified as one to four-unit residential use dwellings including condominium, P.U.D., townhomes, duplex’s, triplex’s, and quadplex’s. At Capital Funding Financial, we will lend to real estate investors and entities looking to purchase, refinance, fix & flip, or buy to rent from $75,000+.

Multi Family

Multi-family is a classification of housing where multiple units (5+) for residential use are contained within one or more buildings within one community or complex. At Capital Funding Financial, we will lend to real estate investors looking to purchase or refinance multi-family properties with loan amounts of $250,000+.

Mixed Use

Mixed-use is a type of development that blends residential and commercial uses into one integrated complex or building. At Capital Funding Financial, we will lend to real estate investors in the following scenarios: purchase, refinance, bridge to stabilization, bridge to sale, or bridge to construction take out on mixed use projects with loan amounts from $250,000+.

Retail

Retail is any property used for commercial retail space such as a storefront for selling goods or services. Capital Funding Financial will lend to real estate investors and business owners who are looking for a loan for: purchase, refinance, bridge to stabilization, bridge to sale, or bridge to construction take out from $250,000+.

Office

Office is a property classification which generates income from tenants comprised of businesses and professionals. Capital Funding Financial will lend to real estate investors and business owners who are looking for a loan for: purchase, refinance, bridge to stabilization, bridge to sale, or bridge to construction take out from $250,000+.

Hospitality

Capital Funding Financial will lend to experienced operators with a flag in the hotel and lodging sector. Loan amounts are $500,000+.

Other eligible properties include: Self storage, senior housing, marinas, parking facilities, automotive
Common uses include: Acquisition, refinance, cash-out, renovation / construction

Required Documents for Closing

Property
Documents

  • Purchase Contract
  • Payoff Statement (if Refinance)
  • Rent Roll & Leases 
  • Renovation Budget  (if Rehab)

Personal
Documents

Business
Documents

  • Articles of Incorporation
  • Operating Agreement (LLC) or Bylaws (Corp.)
  • EIN Letter

Recently Closed Transactions

Hard Money Deal

Florida private money loan

Capital Funding Financial recently financed the acquisition of a luxury single family investment property purchased in Plantation, FL.

  • Loan Amount of $1,700,000
  • 12 Month Term
  • Purchase
  • Plantation, FL
  • Closed in 7 Days
  • Recently closed in 2019
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Hard Money Deal

hard money lender Florida and Texas

Capital Funding Financial recently financed this oceanfront property in less than 7 days! No Income Documentation, Credit Requirement, or Appraisal!

  • Loan Amount of $550,000
  • 12 Month Term
  • Refinanced
  • Fort Myers, FL
  • Closed in 5 Days
  • Recently closed in 2019
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Is a Hard Money Loan Right For Me?

hard money loan in Florida and Texas

Need to close fast? You can count on us!

Benefits of our Hard Money Loans:

  • No Income Documentation
  • No Credit Minimum
  • No Appraisal Req.
  • Quick Closing 3-7 Days
  • Rates Starting at 7.99%
  • No Debt Service Coverage Req
  • No Prepayment Penalty
  • No Upfront Lender Fee
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Approval Process

Close in as little as 5 Days! From start to finish in 5 easy steps!
Step
1
Submit Loan Request
Step
2
Upload Documents & Accept LOI
Step
3
BPO &
Title Ordered
Step
4
Final Legal Review
Step
5
Closing