Frequently Asked Questions
See what questions our borrowers most commonly ask. Don’t see your question? Feel free to contact us directly.
People use Hard Money because many real estate investors need quick responses and funding to secure a deal. Banks and other institutional lenders generally are not very good at this and can take a lot of your time and effort. Investors normally use reliable hard money lenders in cases when they either do not have the time, credit, or patience to deal with a traditional bank. Real estate investors can also leverage their money to complete multiple projects by closing quickly. This is also typically much cheaper than teaming up with an equity partner as our costs are fixed throughout the life of the project.
Some of the advantages of borrowing from Reliable Hard Money Lenders:
- A much less complicated application process is required for the lender to make a final loan decision.
- No credit checks! No personal financial statements, tax returns, etc. We underwrite based on the asset only.
- Fast approval and funding. REL Hard Money & Fix Flip Loans will review your application and provide you with a loan quote within 24 hours!
REL Hard Money & Fix Flip Loans will lend on non-owner occupied investment real estate properties. Some of these transactions include:
- Traditional Sales
- REO’s
- Short Sales
- Cash Out Re-Fi’s
- SFR (single family residence)
- Construction
- Commercial
- Lots/Land
Yes, feel free to contact us to discuss how we can work together.
Custom loan repayment terms option are available as per client requirements .
Yes. We require hazard and title insurance on each property that we lend on.
Because we are able to underwrite all of our loans in-house, we can fund your loan in as little as 3 days if all parties are prepared.