For Hard Money Loans the primary emphasis is on Collateral & Fast Turnarounds. General guidelines are as follows:
- $250,000 to $25 Million or more ($10 Million minimum if international)
Business Purposes only
- 1st Mortgage or Lien (a strong 2nd considered)
- Personal Guarantees not required (other than standard carve-outs)
- Many Types of Collateral
may be considered (including Real Estate, Equipment, & Aircraft)
- Foreclosures, Bankruptcy,
Workouts, Auctions, etc. are OK
- Fast Commitments with Closings as quickly as 2 weeks or less
- TERM: Up to 3 Years Interest-only
- Can "Step-Up"
Loan Amount if Property Value rises through Renovation or Appreciation.