Hard Money Loans

Hard Money Loans: Fast Funding When You Need It

The mortgage professionals at First Liberty Funding Corporation are here to find the right financing solution for your real estate needs. We provide asset-based financing, including hard money loans, as an alternative to conventional loans based on credit and financial history. Our professionals can provide you fast approval for hard money loan financing in San Diego, CA, and surrounding communities based on the value of the property you wish to finance. Contact First Liberty Funding Corporation today to discuss your unique goals and explore your home loan financing options today.

What is a Hard Money Loan?

A hard money loan provides funding based on the value of the property being purchased with the loan versus on a borrower’s financial history or credit worthiness. They are short-term loans, lasting from one to five years. Hard money loans have higher interest rates than conventional loans in most instances. They may also have more costly closing costs and interest rates. They are valuable loan options when used for certain unique situations.

Common types of hard money borrowers include those who:

  • “Flip” houses, performing renovations and reselling property. Also known as fix and flip loans
  • Are looking for fast real estate loan approval with minimal red tape
  • Have less-than-perfect credit history or other financial discrepancies in the past

Ultimately, hard money loans deliver fast financing to clients with minimal emphasis on their financial history.

Eligibility for Hard Money Loans

Because hard money loans are approved on a case-by-case basis, there are no hard-line approval requirements.

Each hard money loan features unique stipulations. Terms are outlined dependent upon the value of the property being financed and the borrower’s unique needs. We determine interest rates, length of term and other specifics based upon the level of risk we undertake as a lender and the potential value of the property being financed.

Hard money loans may be used for single- and multi-family residential homes, commercial and industrial properties, land and other investment properties.

A Streamlined Path to Financing

If you are an investor considering a hard money loan or other type of financing, contact First Liberty Funding Corporation today. Our skilled mortgage professionals will help you understand the ins and outs of hard money loans and compare them with other lending options you may want to consider. We help clients in San Diego, CA, and surrounding Southern California with hard money loans.