Hard Money Construction Loans Made Easy for You
Discover a new type of construction financing with our Hard Money Construction Loan program. This loan can be flexible for your unique needs and it has fast funding potential.
Comprehensive Hard Money Loan Solutions
Whether you’re doing ground up construction, or finish/completion construction, we help you look at the big picture plan to pinpoint the type of construction loan you need.
Rapid Pre-Approval for Commercial Hard Money Construction Loans
What if you knew that we could give you rapid pre approval on a loan transaction? Well, we can! A loan pre approval will give you an idea of the cost and structure of a loan so you know if you can make the numbers work. This allows real estate investors to advance with the certainty and speed that is required for success in real estate investing.
Efficient Underwriting by Expert Hard Money Lenders
Once a real estate investor has decided proceed with our loan offer, we provide efficiency and speed in the underwriting process, to get the loan funded quickly.
Fast Draws on our Hard Money Construction Loans
The fast disbursement process on our hard money construction loans matches the fast pace of your construction project. Because we are a seasoned hard money lender, we understand your need for speed in your construction projects and we deliver accordingly.
Flexible Loan Structures and Terms
Every construction project is unique. This is why we offer flexible loan structures and loan terms.
Flexible Loan Terms
We offer a variety of loan terms, for between 6 months up to 36 months, to align with your project’s timeline.
No Prepayment Penalties
Because some of our hard money construction loans may be “finish construction” loans with shorter construction timelines, our hard money construction loans do not have prepayment penalties.
Cross Collateralize or Use Gap Lenders
Our borrowers are sometimes able to cross collateralize our hard money construction loans with other assets they own. We also may allow for gap lenders (also called Mezzanine Lenders) to come in behind our hard money construction loan in a second position. This implies the borrower is still bringing in cash equity.
Fast Funding
We can fund our hard money construction loans in 2-3 weeks!
Accredited Business
Our sister company, 'Private Money Utah,' is a long-time, accredited business by the BBB with 5-star reviews on the BBB website.
We Help You Succeed
Most of our clients are repeat borrowers that we have loaned to in the past. We have helped them fund their projects the same way we can help you!
Construction Loans Frequently Asked Questions
If you’re buying the land, and then building something, you’ll need a hard money construction loan for both acquisition and construction. Plan to bring in anywhere from 20% to 30% of the TOTAL project cost in this type of scenario.
If you already own the land, you can use your equity in the land as your ‘down payment’ towards your construction costs to build something. For example, if you need to bring in 20% of the construction costs of $1,000,000, you need to bring in $200,000. But if your lot has a value of $300,000, you can use the lot value as your ‘down payment’ towards the construction costs.
If you own the land and it has a loan already on it, the loan will need to be paid off from the proceeds of the hard money construction loan. For example, if you need construction funds of $1,000,000, and you owe $400,000 on the lot. You will need a new loan of at least $1,400,000 to pay off the loan on the lot, and to cover the cost of construction. ($1,000,000 + $400,000 = $1,400,000)
Yes, the minimum credit score is between 620 to 680 for our hard money construction loans, depending on loan size, property location, property type, and other factors.
One of the requirements for approval for our hard money construction loan is that the borrower have done at least 1 similar construction project in the past. First timers considered on a case by case basis with compensating factors considered.
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