Resources

    Understand hard money before you borrow

    Plain-English guides, tools and reference material for investors and developers. Every guide answers a question we hear from borrowers, and new resources are added as we write them.

    Guides and tools

    Each guide covers one type of financing in plain terms: how the loan works, what a lender will ask you for, and what to watch out for. When you have enough to go on, every guide ends with an inquiry form so you can send your deal to a specialist.

    Hard money terminology

    ARV
    After Repair Value — the expected market value of a property once planned work is complete.
    LTV
    Loan to Value — the loan amount as a percentage of the property's value.
    LTC
    Loan to Cost — the loan amount as a percentage of total project cost, including work.
    Draw
    A staged release of renovation or construction funds, paid once a stage is verified.
    Exit
    How the loan is repaid — usually a sale or a refinance onto longer-term finance.
    Points
    An origination fee expressed as a percentage of the loan amount.
    Cross-collateral
    Using an additional property as extra security to increase available leverage.
    Business purpose
    Lending for investment or commercial use rather than an owner-occupied home.

    In progress

    We add resources as fast as we can write them properly. The next pieces in the library cover pricing, eligibility and state-by-state lending, and any question they do not answer can go straight to a specialist.

    Rates & fees

    How specialist lenders price risk, and what drives the number you are quoted.

    In progress

    LTV & eligibility

    Loan to value, loan to cost and after-repair value explained with worked examples.

    In progress

    State lending guides

    Closing practice, timelines and market notes state by state.

    In progress

    Tell us about your deal

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