Hard Money Second Mortgages
Fast, Equity-Based Capital Without the Red Tape
When you need to unlock equity from your real estate assets quickly, a traditional bank loop can cost you valuable time and deals.
Our in-house, equity-based Hard Money 2nd Mortgages allow you to tap into your property's value without disturbing your existing first mortgage.
Because we fund these loans directly out of our own debt fund and handle all servicing in-house, we focus on your asset and your exit strategy—not your credit score.
Why Choose an In-House 2nd Mortgage?
-
No Credit or Income Requirements: We don’t require minimum credit scores or proof of income to qualify. Your property's equity is your qualification.
-
True Asset-Based Underwriting: If you have sufficient equity and a clear exit strategy, we can design a deal that works for you.
-
Keep Your Low-Interest 1st Mortgage: Don't refinance a great existing rate. A 2nd mortgage lets you get the capital you need while keeping your current 1st mortgage untouched.
-
All Property Types Eligible: We lend across all real estate asset classes.
-
No Prepayment Penalties: Pay off your loan early at any time without facing financial penalties.
-
Fast Funding: We bypass traditional institutional red tape to close your loan in as little as 10 days.
Loan Program Guidelines
-
Maximum Leverage: Up to 65% Max LTV (Combined Loan-to-Value).
-
Competitive Rates: Ranging from 11.50% – 12.99%.
-
Flexible Terms: 1 to 3 year loan terms available.
-
Payment Structure: Interest-Only (IO) payments to keep your monthly carrying costs manageable.
-
Origination Fees: 2 to 3 points.
Occupancy & Usage Rules
To comply with our lending guidelines, we maintain strict requirements regarding property occupancy:
-
Business & Investment Purposes Only: We only lend on owner-occupied properties if the loan proceeds are strictly used for a verified business or investment purpose.
-
Self-Employed & Real Estate Investors: If you are self-employed or own more than one real estate property, we can potentially structure and approve an owner-occupied loan as a valid business/investment purpose loan.
How It Works: A Simple 4-Step Process
1. Apply Online: Submit your property details and your required loan amount
2. Equity Valuation: We evaluate the remaining equity in your property up to a 65% max LTV.
3. In-House Underwriting: Our internal committee reviews your exit strategy without checking income or credit boxes.
4. Close in 10 Days: Receive your capital and deploy it into your next project or business venture.