Hard Money & Bridge Loans Fast Near Me

What’s a Hard Money & Bridge Loan?

Hard Money and Bridge Loans are short-term financing options for real estate investors who need quick access to capital. These Loan Options are asset-based, meaning they’re secured by the property itself rather than the borrower’s creditworthiness. They’re perfect for acquiring, renovating or transitioning properties fast.

While both loan types are similar, Bridge Loans typically “bridge the gap” between buying a new property and selling an existing one, providing temporary financing until long-term funding is secured. Hard Money Loans are often used for specific investment opportunities such as fix-and-flip projects or properties that need substantial renovation.

Hard Money & Bridge Loan Features:

• Quick approval and funding: For investors who need capital to close deals or start renovations.
• Asset-based lending: Approval is based on the property’s value rather than the borrower’s financial history.
• Short-term financing: Loan terms are 6 months to 3 years.

When Do You Need a Hard Money or Bridge Loan?

These loans are perfect for investors and real estate professionals in situations such as:

• Fix-and-flip projects: When you need capital to buy, renovate and sell a property.
• Bridging finance gaps: When you’re waiting to sell an existing property or secure long-term financing.
• Competitive purchases: When fast funding gives you an edge in a competitive market.

Check out our Service Areas to see where we operate.

Hard Money and Bridge Loan Benefits:

• Fast access to capital: These loans can close in days, allowing you to take advantage of time-sensitive opportunities.
• Flexible terms: Both loan types offer customized solutions for short-term needs.
• Less stringent requirements: Since the loans are asset-based, there’s no need for income verification or perfect credit.

Considerations

While these loans are beneficial, they also come with unique aspects to consider:

• Higher interest rates: These short-term loans have higher rates than traditional financing, reflecting the risk to the lender.
• Short repayment periods: Borrowers must have an exit strategy, such as selling the property or securing long-term financing.
• Fees and costs: These loans may have origination fees and closing costs that need to be factored into your investment strategy.

Use our Loan Rate Calculator and Mortgage Calculator to calculate costs.

Is a Hard Money or Bridge Loan for You?

This type of financing might be right for:* You need funding fast for a real estate investment.

• You have an exit strategy to repay the loan.
• You want financing based on property value rather than traditional income verification.

How to Apply for a Hard Money or Bridge Loan

At Keyswag Lending we provide quick and reliable financing options for real estate investors. We understand the need for fast, flexible funding and offer a streamlined process to get you a Hard Money or Bridge Loan. Learn more About Us and our mission to help investors succeed.

We can help:

• Initial consultation: We’ll review your financing needs and investment strategy to determine the best loan product for you.
• Fast approval process: We focus on the property’s value and your investment plan, so you get approved and funded fast.
• Support from start to finish: Our team will guide you through the loan process from application to close.

Ready to Get Started?

Get in touch with Keyswag Lending today for a free consultation and we’ll help you get funded for your real estate investment opportunity.