Frequently Asked Questions
Your straightforward answers to hard money and private lending.
What is a hard money loan?
A hard money loan is a short-term, asset-based loan used for real estate investments. Unlike traditional banks, we focus on the property’s value (especially the After Repair Value) rather than your personal W-2 income, allowing us to fund deals much faster.
Who is your ideal borrower?
Our ideal borrower is a real estate investor-someone flipping a house, a landlord buying a rental property, or a builder starting new construction. We only lend on non-owner-occupied (investment) properties.
How fast can you close a loan?
We can close in as little as 5 to 10 business days. The speed depends on how quickly we can get a valuation (like an appraisal) and clear title. It’s significantly faster than a bank, which can take 45-60 days.
What is a DSCR loan?
A DSCR (Debt Service Coverage Ratio) loan is for landlords buying rental properties. It qualifies the loan based on the property’s rental income, not your personal income. If the rent covers the mortgage payment, you’re in a good position to be approved.
What is the difference between a Fix & Flip Loan and a Line of Credit?
A Fix & Flip Loan is a single loan for one project (purchase + rehab). A Fix & Flip Line of Credit is a pre-approval for experienced investors doing multiple deals. You get underwritten once, then you can draw funds for new properties as you find them.
Do you fund new construction?
Yes. Our New Construction Loans are for builders and investors building a home specifically to be sold (a “spec home”). The financing is structured to fund the project in draws as construction progresses.
What is a Bridge Loan?
A bridge loan is a short-term loan that “bridges” a gap in financing. For example, you might use it to buy a new property before you’ve sold your old one, or to quickly acquire a commercial building that needs stabilizing before you can get a long-term bank loan.
What is Transactional Funding?
This is an ultra-fast, one-day loan for “A-B-C” closings. We provide the “A-B” funds (you buying the property) so you can immediately sell it to your “B-C” end-buyer the very same day.
What property types do you lend on?
We lend on non-owner-occupied residential properties (1-4 units), multi-family properties (5+ units), commercial properties (like warehouses, auto repair, retail), and raw land.
Do you lend on raw land?
Yes. We offer financing for the purchase of raw land, which is something most traditional banks will not do.
What are your loan terms?
Most of our short-term loans (Fix & Flip, Bridge) are 12 to 24 months. Our long-term loans (DSCR) are typically 30-year fixed terms.
What documents do I need to get started?
To start, we just need the basic loan application and property details. For a full approval, you will typically need an entity (like an LLC), a renovation budget (for fix & flips), and a purchase contract. We make the process simple and clear.
Do you lend to first-time investors?
Yes, we are open to working with first-time investors, especially on Fix & Flip and DSCR loans. We’ll want to see that you have a solid plan, a clear budget, and potentially a good contractor on your team.
What is the main advantage of using TheHardMoneyGuy.com over a bank?
Speed and flexibility. We close in days, not months. We make decisions based on the asset’s value, not your personal tax returns. We are investors funding investors.
Where do you lend?
Our primary focus is on the Florida market. Contact us about your specific deal, and we will let you know if we can fund it.
Talk to an Investor, Not a Banker.
We understand your business, and we’re built to move at your speed. Contact us directly to discuss your next project with a lending partner who gets it.
Office Address
2405 Quantum Blvd
Boynton Beach FL 33426