Hard money loans are typically provided on a short-term basis. But for some commercial, residential, or industrial properties, borrowers may plan to buy and hold, and will need a longer term loan.
Our full amortization buy and hold loan program and partial amortization buy and hold loan programs are ways for our borrowers to extend the life of their loan while reducing the principal amount. Rather than simply paying the interest rate each month, a portion of your payments will be used to pay down the amount that is initially borrowed. Purchasing new property, refinancing current debt, or making a buy and hold strategy play? AFI offers you unmatched ‘buy and hold’ investment real estate options.
Rehab loans help real estate investors fund the purchase and renovation of residential properties. They’re used by both short-term investors to fix-and-flip properties as well as long-term investors looking for renovation financing for rental properties. Rehab loans combine a property purchase and rehab costs into a single, short-term loan with quick funding times and interest-only payments.
Our sight-unseen program offers financing for properties that we cannot get into prior to funding. Example projects that fall under this program include auctions, certificates of sale, and sheriff’s sales.
Transactional funding is a form of short-term, hard money lending, which allows a wholesaler the opportunity to purchase a property with none of his/her funds, provided that there is already an end buyer in place to purchase the property from the wholesaler within a short time frame, usually 2-5 days. It is one of the most useful concepts in real estate financing and, if done properly, a great way to turn a profit.
A new construction hard money loan is a short-term loan used to finance the construction of real estate investment property. Like other hard money loans for construction or renovations, a portion funds are distributed at closing to finance lot acquisition, and the rest are held in escrow.
A bridge loan is a short-term loan used until a person or company secures permanent financing or removes an existing obligation. This type of financing allows the user to meet current obligations by providing immediate cash flow. The loans are short term, up to one year, with relatively high interest rates and are usually backed by some form of collateral such as real estate or inventory.
Mezzanine financing is a hybrid of debt and equity financing that gives the lender the right to convert to an equity interest in the company in case of default, generally after venture capital companies and other senior lenders are paid. Mezzanine financing tends to be completed with little due diligence on the part of the lender and little or no collateral on the part of the borrower. It is treated as equity on a company's balance sheet.
A gap loan is a short-term loan used until a person or company secures permanent financing or removes an existing obligation. This type of financing allows the user to meet current obligations by providing immediate cash flow. The loans are short term, up to one year, with relatively high interest rates and are usually backed by some form of collateral such as real estate or inventory.
We have some of the most favorable commercial and residential hard money loan terms in the industry and understand how important it is to offer our clients affordable terms. Our customers can count on never having to be penalized for paying off a loan early or be hassled with “junk fees” and ridiculous terms. Call or apply now and see just how great our hard money loan terms are. It’s fast, easy and most important- free!
Fill out a quick online form, and we'll take it from there
Once we have approved your appliction, we will send you an easy to read offer disclosing the full terms of your loan.
Once your offer is accepted you should receive your funds directly to your bank account in a matter of days, instead of weeks in a typical lending scenario.
Make your payments on a monthly basis to us from a variety of options.