Hardmoney Loans

At Wholesale Mortgages , we understand that traditional lending options may not always meet the unique and time-sensitive needs of real estate investors and borrowers. That’s why we offer hard money loans, providing fast and flexible financing solutions to help you seize lucrative opportunities in the real estate market.

What are Hard Money Loans?

Hard money loans are asset-based loans that use real estate as collateral. Unlike conventional mortgages, the approval of hard money loans is primarily based on the value of the property rather than the borrower’s creditworthiness. This makes hard money loans an excellent choice for borrowers who may not qualify for traditional bank loans due to credit history, income documentation, or time constraints.

Key Features of Our Hard Money Loans:

1. High Loan-to-Value (LTV): We lend up to 75% of the property’s appraised value or 25% down payment, providing borrowers with substantial financing options to meet their needs.
2. Quick Turnaround: Time is of the essence in real estate transactions. We understand the urgency, and that’s why we strive to close loans under 10 days, ensuring you don’t miss out on profitable opportunities.
3. No Appraisal Required: Unlike traditional loans that typically involve time-consuming property appraisals, we assess the value of the property ourselves, streamlining the loan process and saving you precious time.
4. No Credit Check: We focus on the potential of the investment property rather than the borrower’s credit history. As a result, we don’t require a traditional credit check to approve your hard money loan.

Who Can Benefit from Our Hard Money Loans?

1. Fix-and-Flip Investors: If you’re looking to purchase a distressed property, renovate it, and quickly sell it for a profit, our hard money loans can provide the financing you need for a successful fix-and-flip venture.
2. Short-term Investors: Real estate investors who need fast and reliable financing for time-sensitive investment opportunities can leverage our hard money loans to capitalize on deals without the delays of traditional lending.
3. Self-Employed Borrowers: For self-employed individuals who face challenges with traditional income documentation, our hard money loans offer a viable solution with more straightforward qualification requirements.