Hard Money

When you ABSOLUTELY must close!

how does hard money lending work

For those times you absolutely must close, and everything is not perfect or possibly far from perfect.

Don’t worry, Kastali has tried and true relationships with institutional and private offices providing low & no document loans that close Quickly and as little as five business days. While banks qualify you based on credit, cashflow, and collateral; hard money investors typically are only concerned with your equity and exit plan.

Bad credit is not a reason for denial, but could affect interest rate and terms with typically 520 FICO being the bottom unless there is a really good story or guaranteed takeout in place.

Typical Hard Money Strategies Include:

  • Need to close quickly
  • Cannot show income
  • Bad Credit / No Credit
  • Fix and Flip – Residential
  • Value-Add – Commercial
  • Condition uninhabitable
  • Needs major repairs
  • Repurpose property type
  • Property isn’t seasoned
  • Recapitalize trapped equity

Types of Hard Money loans we typically do by Volume:

We close hard money loans in as little as 5 business days from the time of full application is submitted.

No, you will need to close with an Entity. You can either create one for the transaction or use a current Entity you already own.

Not to worry, like in life there is somebody for everybody and we have lenders who simply do not care at all about your credit.

Again, depending on the circumstances and what your trying to do, we have lenders who understand good people make bad decisions.

Yes, typically all Hard Money lenders will charge a Due-Diligence retainer or Underwriting fee for their time. This amount will vary depending on the size and complexity of your request.