Skip to content
  • About
    • About us
    • Our team
    • Contact Us
  • Our Loan Programs
    • Hard Money Loans
    • Commercial Bridge Loans
    • Fix & Flip Loans
    • Rental Loans
    • Multifamily Bridge Loans
    • New Ground Up Construction Loans
    • Conventional Loan
  • HML BLOG
  • FAQ
  • Recent Deals
  • Becoming a Lion
Menu
  • About
    • About us
    • Our team
    • Contact Us
  • Our Loan Programs
    • Hard Money Loans
    • Commercial Bridge Loans
    • Fix & Flip Loans
    • Rental Loans
    • Multifamily Bridge Loans
    • New Ground Up Construction Loans
    • Conventional Loan
  • HML BLOG
  • FAQ
  • Recent Deals
  • Becoming a Lion
APPLY NOW
  • 818-873-3231
  • About
    • About us
    • Our team
    • Contact Us
  • Our Loan Programs
    • Hard Money Loans
    • Commercial Bridge Loans
    • Fix & Flip Loans
    • Rental Loans
    • Multifamily Bridge Loans
    • New Ground Up Construction Loans
    • Conventional Loan
  • HML BLOG
  • FAQ
  • Recent Deals
  • Becoming a Lion
Menu
  • About
    • About us
    • Our team
    • Contact Us
  • Our Loan Programs
    • Hard Money Loans
    • Commercial Bridge Loans
    • Fix & Flip Loans
    • Rental Loans
    • Multifamily Bridge Loans
    • New Ground Up Construction Loans
    • Conventional Loan
  • HML BLOG
  • FAQ
  • Recent Deals
  • Becoming a Lion
  • 818-873-3231
APPLY NOW
  • About
    • About us
    • Our team
    • Contact Us
  • Our Loan Programs
    • Hard Money Loans
    • Commercial Bridge Loans
    • Fix & Flip Loans
    • Rental Loans
    • Multifamily Bridge Loans
    • New Ground Up Construction Loans
    • Conventional Loan
  • HML BLOG
  • FAQ
  • Recent Deals
  • Becoming a Lion
Menu
  • About
    • About us
    • Our team
    • Contact Us
  • Our Loan Programs
    • Hard Money Loans
    • Commercial Bridge Loans
    • Fix & Flip Loans
    • Rental Loans
    • Multifamily Bridge Loans
    • New Ground Up Construction Loans
    • Conventional Loan
  • HML BLOG
  • FAQ
  • Recent Deals
  • Becoming a Lion

Hard Money Loans

Fast, Flexible, and Common Sense Hard Money Loans

Hard money loans are asset-based, short-term “bridge loans” used to purchase or refinance a property when traditional financing isn’t available or it simply takes too long to close. Hard money loans are great when you need to close fast, have poor credit, the property doesn’t generate income, or if you are a foreign national.
Apply Now

Hard Money Loan Program

Property Types:

Residential 1-4, Office, Retail, Mixed Use, Warehouse, Automotive, Self Storage

Closing Time:

As little as 3 to 7 days

Loan Size:

$300,000 – $10,000,000

LTV:

Up to 70% LTV of purchase and up to 100% of rehab costs.

Loan Purpose:

Purchase, Refinance, Cash-Out, Construction

Loan Term:

3 to 24 months

Interest Rates:

Starting at 9.49%

Amortization:

Interest-only payments

Origination Fees:

Points based on location and property, LTV, credit worthiness of the borrower, loan amount and term

Lending Areas:

Nationwide, in metropolitan and coastal areas, no rural

Apply Now

Hard Money Loan Program

Property Types:

Residential 1-4, Office, Retail, Mixed Use, Warehouse, Automotive, Self Storage

Closing Time:

As little as 3 to 7 days

Loan Size:

$300,000 – $10,000,000

LTV:

Up to 70% LTV of purchase and up to 100% of rehab costs.

Loan Purpose:

Purchase, Refinance, Cash-Out, Construction

Loan Term:

3 to 24 months

Interest Rates:

Starting at 9.49%

Amortization:

Interest-only payments

Origination Fees:

Points based on location and property, LTV, credit worthiness of the borrower, loan amount and term

Lending Areas:

Nationwide, in metropolitan and coastal areas, no rural

Apply Now

What Do I Need To Qualify?

  • Simple, all you need is Equity in the property!
  • No Prepayment Penalty
  • No Appraisal Needed
  • No personal income verification
    and very little documentation.
  • No minimum credit requirement
  • Close in as little as 7 days

  • Simple, all you need is Equity in the property!
  • No Prepayment Penalty
  • No Appraisal Needed
  • No personal income verification and very little
    documentation.
  • No minimum credit requirement
  • Close in as little as 7 days

Steps To Close

Aplication day

Submit Application

We will review your application and give you a conditional loan pre-approval within 24-48 hours

When you accept the terms

Appraisal

Once you accept the terms, if you have a recent appraisal (within the last 30 days) we can use that for underwriting, otherwise we will order a new appraisal

5-7 days

Close!

Once we have your appraisal we submit to loan docs and will take about 5 – 7 days to close.

Aplication day

form icon

Submit Application

We will review your application and give you a conditional loan pre-approval within 24-48 hours

When you accept the terms

form icon

Appraisal

Once you accept the terms, if you have a recent appraisal (within the last 30 days)  we can use that for underwriting, otherwise our team will do an internal desktop valuation and site visit if necessary.

When you accept the terms

money icon

Close!

Once we have your appraisal we submit lo loan docs and will take about 5 – 7 days to close.

Frequently Asked Questions

1. I have bad credit or went through foreclosure, can I still get a hard money loans?
Conventional lenders such as banks will never lend to an investor with a recent foreclosure on his record, in most cases they won’t even lend to poor credit investors, no matter the reason, it’s just how these financial Institute work, and you won’t be able to get funding, at least for a set amount of time. Hard money lenders can fund bad credit investors in many cases as they are much more flexible and consider asset-based hard money loans in California and list the property value and the investor down payment as a major factor in assessing the loan.
2. What if I am self-employed and don’t have enough work experience?
That’s a great question, usually, traditional lenders don’t like to deal with self-employed borrowers, mainly because they like borrowers who work for big corporations and have steady pay checks and a minimum of 2 years work experience. The ” issue ” with full time real estate investors is that they don’t have steady pay checks, and they are usually self-employed. Direct hard money lenders can provide funding for investors with no 2 years work experience and a steady pay check. For many, it’s a great start to get things going and after getting two years of work experience they may refinance the hard money loan into a more conventional loan.
3. What if I own many investments, will that effect my chances of getting a hard money loan?
Hard money direct lenders will not limit your loan amounts and will only look at other factors when assessing a loan request. Most banks will limit the number of loans each investor can get to 4. That’s just an arbitrary number that banks decided to set as it’s possible for an investor to be an excellent candidate for a loan and the only reason for his denial is the fact he already have 4 loans. Remember – Hard money lenders will not restrict the investor by the number of active loans he has.
4. Do hard money lenders really fund projects within days of applying?
It’s obvious that traditional lenders take more time to fund a loan. It’s not uncommon to wait 30-45 days until you can get a loan from a bank or other lenders. You will need to file a lot of paper work and come up with many documents before you can be approved. This might be the biggest difference between traditional lenders and Hard money lenders, with direct lenders, you can actually be approved within the same day of applying (once all files are submitted), for some real estate investors, this alone makes them choose a hard money lender other a bank many times.
5. Is having a financial partner better than hard money loans?
When real estate investors considers alternative funding sources to their projects, one such option is to get a funding partner, and while partnering up to fund a real estate property might be a good idea in some cases, there are many things to consider before doing so. The first and most obvious thing to consider is that with a partner you might give up some decision making control. It is also very common that the partner will ask for a payment of 50% of the profit once you sell your property, which is very expensive if you think about it. When you consider these reasons, it might be more beneficial to get funding from a hard money direct lender and keep 100% of your profits at the end of the project.
6. What are the advantages of a hard money loan?
So, as we already discussed before, speed is perhaps the most obvious advantage of a hard money loan. While traditional lenders can take up to 45 days to evaluate your application, hard money lenders may approve your loan within days in some cases. Hard money financing can actually help the buyer negotiate a better purchase price. People with bad credit, no income history and other situations can still qualify or a direct hard money loan, compared to a traditional loan where specific and strict rules apply.
7. How fast can I get a hard money loan for my project?
It’s not rare that banks of other conventional lenders will give you a green light on a loan just to back out in the last second because something new came up, even if it’s a small detail that won’t have any effect on the loan, but they were just not aware of it before and need to go through the process. This might leave the investor in a very tough situation as they will never have enough time to find a new loan and the deal might be lost. This is exactly where Hard money lenders like HML Investments come in. Direct lenders can asses and approve hard money loans within days and with no surprises. Short term hard money loans are a great choice for real estate investors for good reasons.
8. How much do hard money lenders charge?
Hard money lenders charge interest rates and points for the money they lend. Usually the interest rate is between 8% – 12% and the points range between 2 – 4. Some hard money lenders also charge additional fees such as: processing fee, document fee and others. There are other costs the borrower will need to pay and they are: escrow, title insurance, notary and recording.

Request a Free Consultation

One of our brokers will go over your details for free!

HML Investments is a top hard money lender firm in California with over 15 years of hard money lending experience. If you are a real estate investor or property owner we can provide you withasset-based lending for real estate project, we work with both commercial and residential projects. 

*HML investments, its officers, employees and representatives do not make or arrange loans for properties located within the State of Nevada

Get all latest content delivered to your email

Services

  • Fix & Flip
  • Residential
  • Commercial
  • Conventional loans
  • Fix & Flip
  • Residential
  • Commercial
  • Conventional loans

About

  • About us
  • Our team
  • Contact us

Contact Info

  • 15931 Chatsworth st. Granada Hills CA 91344
  • 818-873-3231
  • Info@HMLInvestments.com
Get all latest content delivered to your email

FOLLOW US

© COPYRIGHT – HML INVESTMENTS 2023
Facebook Instagram Linkedin Youtube
NMLS # 1201436 | DRE # 01954763

© COPYRIGHT – HML INVESTMENTS 2023