HardMoneyGo

Residential Purchase Hard Money

residential purchase hard money lendersHard Money Go is more than willing to assist you with financing your next Residential Purchase. Being in the hard money business for over 12 years we at Hard Money Go understand the importance of closing your purchase transaction on time.

We understand the complexity and challenges that may occur during a purchase and penalties and fees you may incur if you don’t close as scheduled.

Therefore we have created a process to help prevent any delays or problems that may arise.  We are able to assist you finance your property in an LLC, Corporation, Individual, Etc.

Our process is quite simple even if this is your first hard money transaction.

You can visit the application page and it will direct you to the borrower information questions. Here you will fill in some information regarding your financials and your property.

residential purchase hard money loansYou also have the option of calling our office at 310-237-6310 where one of our experienced staff will ask you specific questions related to your transaction specifically. Additionally, you may visit our office at Century City and meet with a professional loan officer. Either process you choose, our Staff will conduct research on the subject property and your specific case.

Our staff will study the property value, pending properties within the vicinity of the subject property, market rents, etc. Within 24-48 hours an authorized loan officer will contact you explaining your transaction and if you meet our guidelines and if so how to proceed.

If you have any further questions please visit our Frequently Asked Questions page or give us a call at 888-832-7576.

Documentation Required:

  1. Loan Application completely filled out and signed.
  2. Last Month Personal or Business Bank Statement.
  3. Articles of Corporation paper work.
  4. Evidence of Hazard Insurance/Declaration page.
  5. Escrow & Title Documents.
  6. Purchase Agreement and all other residential disclosures required.

California Hard Money Terms

Type:1-4 Units
Term Options:1-3 Years
Cost:2 Points
Loan to Value:65%
Cash Out Available:YES
Appraisal:$375-$400
Interest Rate: 7.5%
Prepayment Penalty:6 Months
Income Document Required:NO
Fico Requirement:620
Vesting:LLC, Corporation, Individual, Etc.
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