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Renovation Loan
Long-Term Rental
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Hard Money / Renovation

Hard Money / Renovation

Hard Money / Renovation

Flexibility and financial support at your fingertips.

Secured Investment Lending makes it easy, safe and profitable to find Private Hard Money Loans to be successful in buy, fix, flip, and buy and rent investing. These short-term loans bridge the period between purchase and exit, giving you the opportunity to leverage your capital to remain flexible in today’s market. Typically, hard money loans are kept by borrowers for three months to a year while they renovate the investment property and prepare it to be resold or rented. Once completed, the investor can refinance the loan with a conventional mortgage and pay off the private loan, and a resale investor pays off the loan with the sale of the property to a buyer. Before opting into a loan agreement, it’s important to identify exactly which loan is right for your unique investment situation. Use this list of loan guidelines as a resource to help you make the best choice:

Subject to Rehab Loans

  • Non-owner occupied investment properties located in the United States.
  • Max 70% LTV of the After Repaired Value (ARV), max 90% of purchase and rehab (total cost).
  • Min 10% of total cost required from borrower as down payment (reference loan matrix for down payment).
  • Full appraisal, and home inspection including renovation costs and survey required.
  • Renovation money is escrowed for every loan.
  • Minimum borrower credit of 540 for 65% LTV.
  • Borrower credit below 540 needs senior approval.
  • 2 months of bank statements required from borrower or borrower’s company
  • Borrower must have reserves of three months’ worth of mortgage payment and 20% of the renovation cost escrow.
  • Only first-position liens.
  • No second mortgage allowed.
  • Clear and marketable title required.
  • Properties are titled in corporate name.
  • Interest only monthly payments.
  • No pre-payment penalty.
  • Corp docs and operating agreement required.

AS-IS Investment Loans (If property needs rehab, must be a Subject to Rehab loan)

  • Non-owner occupied investment properties located in the United States.
  • Max 70% LTV of the AS-IS Appraised Value (720+ credit score), 65% LTV of AS-IS Value (719 or below).
  • Min 20% of purchase price.
  • Full appraisal, home inspection and survey required.
  • Minimum borrower credit of 540 for 65% LTV.
  • 2 months of bank statements required from borrower or borrower’s company
  • Borrower must have reserves of three months’ worth of mortgage payment.
  • Only first-position liens.
  • No second mortgage allowed.
  • Clear and marketable title required.
  • Properties are titled in corporate name.
  • Interest only monthly payments.
  • No pre-payment penalty.
  • Corp docs and operating agreement required.

Foreign National Loans (Rehab and AS-IS Loans)

  • Investment property only.
  • Max 60% LTV of ARV or of AS-IS Value.
  • Min 20% down payment of purchase price for AS-IS loan or 20% of total costs for ARV loan.
  • Full appraisal and home inspection including renovation costs and survey required.
  • Two months of bank statements required from borrower or borrower’s company.
  • Borrower must have reserves of three months’ worth of mortgage payment.
  • Only first-position liens.
  • No second mortgage allowed.
  • Clear and marketable title required.
  • Properties are titled in corporate name.
  • Interest only monthly payments.
  • No pre-payment penalty.
  • Corp docs and operating agreement required.

Apply for a hard money or renovation loan today to help maximize the return on your residential property investment.

Our minimum time to re-pay is one (1) day; we do not have a pre-payment penalty, or ghost fees. Max terms for our loans are one, two or three years, depending on borrower and property type. Origination points are between 2-4% depending on the property type and state that the property is located in.