Hard Money Loans loans are more flexible than traditional business loans and make sense for short term loans. Hard money Loans are very popular among Fix-and-Flip investors, as they can fix up properties and sell it at a higher price before the term of the loan is completed.
Hard money loans are very quick because its based on your collateral such as the equity of your commercial real estate and not your finances which makes it more desirable than dealing with a bank.
Underwriting for a hard money loan typically takes 5 to 10 business days depending on how quickly you provide the necessary documentation to Manhattan Capital.
About Our Hard Money Loans
• Hard Money Loans Rates starting at 7%
• Loan amounts are based on the equity of your collateral
• Shorter Terms
• Easier than financing with a traditional banks
• Faster Closings
• Higher leverage of capital
Common Hard Money Loans Uses:
• Fix and Flip Properties
• New Construction
• Long Term Rentals
• Transactional Funding