Hard Money Loan Calculator
Calculate the true cost of hard money / bridge financing including points, interest, and fees.
1 point = 1% of loan amount
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Frequently Asked Questions
What are typical Hard Money interest rates?
Rates vary by experience and project, but typically range from 9% to 14%. They are higher than bank loans because of the speed and risk.
How fast can a Hard Money loan close?
Often in 7-14 days, compared to 45-60 days for a conventional commercial loan. Speed is the primary value proposition.
Do Hard Money lenders check credit score?
Yes, but they are less strict than banks. They focus primarily on the asset value (LTV) and the specific deal numbers.
What are "Points"?
Points are origination fees paid at closing. 1 Point = 1% of the loan amount. Hard money lenders typically charge 2-4 points.
Can I get 100% financing?
Rarely. Most lenders want you to have "skin in the game" (10-20% down), though some will fund 100% of rehab costs.