Fix and Flip Hard Money Loans

  • Quick Approval and Funding
  • Up to 90% of purchase price and 100% of renovation costs
  • No Upfront Cost or Contracts
  • Rates from 8%

Top Fix and Flip Hard Money Lenders

  • What are fix and flip loans?
  • Common questions about hard money loans
  • How to qualify
  • Check List for for getting a private fix and flip loan
  • How does a private lender underwrites a loan compares to a bank

What are Fix and Flip Loans?

Fix and flip loans are the perfect tool for investors who are looking for finance their next purchase. Born of necessity, flip and flip hard money loans give real estate professionals access to capital in the matter of days, not weeks or months. More than any types of investments, speed is the name of the game here – the faster you complete your fix, the quicker the flip and higher the rewards. Investors looking to get in and out quickly can utilize private lending to secure otherwise untenable deals (even ask for a cash discount) and secure the required capital required to renovate the property.


Investors with a fix and flip strategy always are in the lookout for the next deal – and the next deal doesn’t always wait for your current project to finish. With a private financing you can leverage your capital and make sure the next deal is already lined up. Our unique process gives you an expedient route towards approval, usually within 8-10 days, and focuses only on the asset itself. You can secure capital for purchase, closing costs, permit costs, and remodeling all in one loan. We call this process “asset-based underwriting” – where application process is focused on the asset, not the borrower. This means that financing for flipping houses or multifamily projects can be available for borrowers with bad credit or limited credit history.


Asset based lending is a powerful tool for investors because the lenders are evaluating the property first – rather than focusing on the borrower. Traditional banks might be hesitant to provide financing for flipping houses since it is a risky endeavor. In addition, investors with recent short sales and bankruptcies on their records might be disqualified all-together based on their credit history. Asset based lending is focused on the collateral – the way the lender secures the money.


In Fix and flips – time is the most valuable resource you have. The faster you can secure the next project, the faster you can start renovations and sell the property for profit.


Our process offers borrowers who seek to secure private financing on a fix and flip several advantages:

  1. Zero costs upfront with no contracts
  2. Qualify within 24 hours and approved in as fast as a few days
  3. No pressure to sign
  4. Any type of real estate accepted
  5. Bad credit history/bankruptcy

Fast Approval

Traditional loans can take several months to close. We can do it in a few days

Low Rates

Rates start from 8% with low cost to close.  If we can find you a hard money loan you pay nothing

Up to 90% LTV

Get up to 90% of purchase price and 100% of renovation costs

Can I get a fix and flip hard money loan with bad credit?

Yes – hard money loans are perfect individuals with bad credit. Private lenders use ‘asset-based‘ lending as the underwriting criteria – so the focus is the real estate, not the individual. This means that as long as you get a good deal on the purchase – you have a good chance to get a loan for your next fix and flip project. Of course, good credit is better than a bad credit history – but unlike traditional loans, they are not a barrier to credit. You can still qualify for a fix and flip loan if you:

  • Have Bad credit
  • Little or no credit history
  • Have a past bankruptcy on your record
  • Owe back taxes or have current liens against you

Common questions about fix and flip loans?

Here are the most frequent questions we get when it comes to fix and flip:

Q: What can I do to increase my chances to qualify?

A: Make sure you have all of your paperwork ready – any underwriter will probably ask you questions about the property and about your experience as an investor.  This is the part that usually takes the most time, so be prepared ahead of time.

Q: Are the rates going to be really high?

A: Hard money rates are higher than traditional bank loans.  Since they are riskier, done faster, and require less underwriting, the rate is higher.  Typically hard money loans will be 4-5% higher than standard interest rates.

Q: Why should investors take a high-interest loans if banks give lower interest rates?

A: Banks take a long time to approve loans, and they often apply very rigid funding criteria to deals.  So if you have a special situation or circumstances, you may be out of luck.  Hard money loans are also perfect for buyers who want to close a deal quick, and can’t wait 45 days for a bank approval.  Hard money is not for everyone, but there are investors that are able to buy property not possible otherwise,  thanks to hard money loans.

Q: Can I qualify if I have bad credit?

A: Yes.  Hard money loans for a fix flip is focused on asset-based underwriting.  This means that your credit score is less important than the strength of the property you are buying.  Your experience is still important, and a good credit score helps a lot – but burrowers with bad credit qualify for hard money loans all the time.


How can I qualify for a fix and flip loan?

There are four parts you’ll need to go through before closing a private loan:

  • First you will have to find a lender to look at your deal.
  • Second you will need to pre-qualify the initial phone call screening.
  • Third, provide the paperwork to verify the loan requirements,
  • And finally – negotiate the final terms of the loan

What are the terms of a typical fix and flip loan?

Fix and flip loans vary from property to property and different burrowers. Every property is examined on a case by case basis by our experienced underwriters and real estate professionals. Loan terms that fit a single tenant restaurant off a busy freeway are going to be different than financing for an office building in the middle of downtown New York City. Generally speaking, a typical lender can expect the following terms:

Can I get a fix and flip loan with no money down?

Yes, we can definitely qualify some investors for 100% funding fix and flip loans. This is one of the most attractive loans for new investors because you don’t have to put any of your own money into the purchase – and have enough capital to start renovations right away. The right factors have to exist in order to qualify for a 100% no money down fix and flip loan. Generally speaking, you’ll have to purchase the property at a deep discount and show that you completed 3 successful flips in the past 18 months. To learn more about our 100% LTV fix and flip hard money loans – contact one of our consultants.

What are the costs of getting a fix and flip loan?

Just like regular loans – private loans have costs as well. Here is a list of some, but all fees you’ll be expecting:


  1. Points/Origination – calculated as a percentage of the total loan amount.  For example – if you take out a loan for $100,000 on a shopping center from a private lender, 2 point fee will cost you $2,000.
  2. Appraisal/inspection – to confirm the value and condition of the property.
  3. Document fees – fees to prepare loan documents for you to sign.  Could be waived in certain cases or e-signature.
Contractor Tips

Working with HM Capital

Real estate professionals who come to us for financing need it fast – it is the hallmark of a hard money loan.  Our teams of experienced real estate professionals will guide you every step of the way – from intake to funding and be there for you with any concern you might have.  Our 2 core values – integrity and results.

We have a strict no upfront contract, no upfront fee policy for our services.  Our system is 100% client focused – from the moment you call us to the moment the funds are deposited in your account, we are only focused in providing you the best capital solutions on the market.  Unlike other companies, we don’t mind if you shop around or get a second opinion – because we believe that if we can’t get you a loan, you don’t owe use anything.

Our core values: Integrity and Results.  “If we can’t get you a loan you don’t owe us anything.”

What paperwork do I need to prepare to qualify?

  • Loan Application
  • Personal Financial Statement
  • Exit Strategy - summary of the business plan for the investment
  • Purchase and sale agreement (if applicable)
  • Description of Burrower's experience

Lets Gets Started

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