Hard Money Loans

Hard money loans are one of the easiest ways to scale your real estate business. Partnering with Fund That Flip means reliable funding that’s there when you need it, the fastest closing in the industry, and a dedicated team to help take your business to the next level.

Types of Hard Money Loans We Provide

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Rehab Loan

New Construction Loan

Portfolio Loan

Types of Projects

Single-Family Home
2 – 4 Family Properties
5+ Multi-Family
Townhouses
Condos

Single-Family Home
2 – 4 Family Properties
Townhouses
Condos

Single-Family Home
2 – 4 Family Properties
5+ Multi-Family
Townhouses
Condos

Loan Amount

$50K+

$100k+

$100k+

Max Term

Up to 15 months

Up to 15 months

Up to 15 months

Loan to Cost (LTC)

Up to 90%

Up to 85%

Up to 85%

Exit Strategy

Sell
Rent + Sell
Rent + Refi Out

Sell
Rent + Sell
Rent + Refi Out

Sell
Rent + Sell
Rent + Refi Out

 

Why Get a Hard Money Loan?

Why? Because you can scale your business faster than working with conventional banks, which have strict  requirements and slow closings, or a private lender who has limited funds.

Hard money loans are somewhere in the middle. The loan is secured by a real asset — the real estate property — and we look at a collective of other qualifications like your experience, cash to close, financial history, and credit score. We work with experienced and professional borrowers who are looking to scale their businesses and look at each of their projects and experience individually for what they’re bringing to the table.

Reliability. Flexibility. Speed to close, speed to draw, and speed to payoff. That’s why hard money loans are the preferred funding solution for real estate investors throughout the U.S.

Handshake deal from hard money loan

Why Get a Hard Money Loan from Fund That Flip?

As you’ve probably already experienced, maintaining and growing a network of private lenders is time consuming and inefficient — and that network has limited finances. Give your business the advantage by working with Fund That Flip.

Reliable Financing

We’re a direct hard money lender with a diverse capital stack — which means we can fund your project, we can fund it fast, and we can continue funding it as each project progresses.

Local Team

When was the last time your lender visited your jobsite? We have Territory Managers and Regional Sales Directors throughout the U.S. — many who invest in real estate themselves.

Scalability

With private lenders, you can only take on as many projects as your network can finance. With us, bring us the good deals, and we’ll fund them. Many of our borrower partners double their completed projects when they start working with us.

24/7 Support

Beyond our local teams, we have an entire in-house team dedicated to you and your business. We guide you through every step of the loan process, close faster than anyone in the industry, and make sure your draws are fast and accurate.

Fund That Flip by the Numbers

$2.6 Billion+ in Loans

to scale businesses and transform communities

93%+ Repeat Borrowers

6,500+ Homes & Rentals

transformed, revitalized, and built throughout the U.S.

8,700+ Jobs Created

by funding real estate investors

Fund That Flip Loan FAQs

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What is a hard money loan?

Hard money is a type of loan commonly used in real estate investing. They are also known as bridge loans or STABBL loans (short-term, asset-backed bridge loans). Hard money loans are typically short term, with a max term length of around 18 to 24 months, and are always backed by a physical asset, such as the real estate property.

Learn more here.

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Why is it called a hard money loan?

“Hard” refers to the tangible asset that secures or backs the loan. In our case, the asset is the real estate property.

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What are the risks of a hard money loan?

Hard money loans are not the solution for every real estate investing need. A hard money loan may not be the solution if:

  • You need a lower interest rate
  • You need a long-term loan
  • You don't have the funds or private backing for the down payment
  • You are unsure if you can repay the loan in a short time period
  • The property is owner-occupied
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What are the benefits of a hard money loan?

  • Fast process -- close in <XX> days.
  • Higher leverage to scale faster
  • Flexible terms
  • Easier financial requirements than banks
  • Reliable, sustainable money
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How long does it take to process a hard money loan?

We can close your loan in <XX> days. Of course, some of the onus is on you to get us copies of documents we need, but we’ll walk you through it.

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Can I finance construction costs?

Yes. We have the capability to fund up to 100% of construction costs. Similar to other funding mechanisms, after closing we'll hold a portion of the construction funds in escrow and release them as project milestones are met, subject to inspection.

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Can I refinance out of a hard money loan?

Yes. Many borrowers refinance out of the Fund That Flip loan, or rent the property and refinance out into a long-term loan.

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How do I talk to a rep?

Simple — enter a few details and we’ll connect you with a Sales Development Representative.

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How to know if I qualify?

We’ll let you know within 24 hours. Answer a few questions here, then be on the lookout for calls, texts, and emails from us.

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What's the status of my application?

Log in to your dashboard to check the status of your application, or reach out to the SDR or Account Executive who contacted you.

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What are Fund That Flip's underwriting requirements?

We start by looking at your qualifications. We partner with professional developers with a track record of success.

You should have 4+ successful projects under your belt and a network of contractors, legal professionals, and real estate agents. Once you are prequalified, we look at each project on its own merit, but this is generally what we are looking for:

  • How much of your own equity is in the project? We require at least 10% of your own money into each project.
  • Loan-to-Value (LTV) should be less than 70% of the After Repair Value (ARV) of the property.
  • ARV should be supported by a thorough analysis of sales data from comparable properties (comps). This should be further supported by an appraisal and/or Broker Price Opinion (BPO). We will likely order our own BPO and appraisal to verify your analysis.
  • A detailed statement of work with line item costs of all the repairs and improvements you plan to make. This should be supplemented with a home inspection report. We may also perform our own inspection.
  • An exit strategy. Do you plan to sell this to an owner-occupier or an investor who will rent it out? Maybe you plan on refinancing the property with a traditional mortgage and holding it as a rental. Let us know, as this can impact the market risk of the project.
  • Photos! Send us photos of the property showing its current state and key areas of the home you plan on improving.

More is better, and all of this information can be easily uploaded through your dashboard.

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Is Fund That Flip a hard money lender or private lender?

We’re the best of both. While we have formalized underwriting processes and procedures akin to a hard money lender, the capital we deploy comes from the 'crowd,' which is more in-line with a group of private lenders. As you develop online relationships with our network of private lenders, it is possible that your projects start to see similar economics provided by friendly private lenders.