Hard Money Loans
When cash is king and a quick closing is needed. Hard money loans are short-term, asset-based loans for investment properties, built for speed and certainty.
In a competitive market, the buyer who can close fast often wins. A hard money loan is based mainly on the property’s value and your plan for it, not on tax returns or W-2s, so it can close in days or weeks instead of the months a traditional loan can take. It’s one of several Non-QM and investor loans we offer.
Who it’s for
How it works
Hard money loans are approved mainly on the property: its current or after-repair value, its condition and your exit plan. Your credit and experience still matter, but the property carries most of the weight.
Terms are short, commonly 6 to 24 months, and payments are often interest-only. Most borrowers repay by selling the property or refinancing into a long-term loan such as a DSCR loan.
Common uses
| Quick purchase | Close fast to win the deal |
| Auction or foreclosure buys | Fund on a short deadline |
| Bridge financing | Buy your next property before you sell |
| Equity on an investment property | Access cash quickly for your next deal |
| Properties that need work | Finance properties banks won’t |
What you need to qualify
- An investment or business-purpose property (not your primary residence)
- Enough equity or down payment in the deal
- A clear exit plan: sale or refinance
- Cash for closing costs and reserves
Documents to have ready
- Purchase contract or property details
- Scope of work and budget, if you’re renovating
- Bank statements for funds to close
- Track record of past projects, if any
- LLC documents, if applicable
How it works with Amerifi Lending
Frequently asked questions
How fast can a hard money loan close?
Often in days to a few weeks, depending on the property valuation and title. Tell us your deadline and we’ll tell you honestly whether it’s doable.
What’s the difference between hard money and a fix-and-flip loan?
They overlap. Fix-and-flip loans are built around renovation projects and rehab draws. Hard money is broader: it’s about speed and property-based approval for purchases, bridges and properties that need work.
Can I use a hard money loan to buy the home I live in?
No. Our hard money loans are for investment and business-purpose properties only. If you’re buying a home to live in, take a look at our home loan options or Non-QM loans.
Why does hard money cost more than a regular mortgage?
You’re paying for speed and flexibility. That’s why most investors use hard money short-term and refinance into a long-term loan once the property is stabilized.
Helpful guides
Related loan options
Ready to see what you qualify for?
Have a deal on the table? Call or text us, or start your application online. There is no cost to find out what you qualify for.
- No cost to find out what you qualify for
- Straight answers, no pressure
- We reply within one business day