Address: 8846 South Redwood Road, #C212, West Jordan, Utah 84088
States They Lend In: Georgia, Illinois, Indiana, Louisiana, Maryland, Michigan, New Jersey, North Carolina, Ohio, Texas, Virginia, Washington, Wisconsin
Hard Money Loan Programs
For Real Estate Investors
In the real estate market, investors have needs which are different from the needs of borrowers. Before our founder and CEO Ryan Wright became a lender, he got his start in fix-and-flip investing. As a result, he was able to gain knowledge and experience in the investment side of real estate. His insight into the world of REI allows us to offer unique loan programs with you in mind.
Our loan programs are designed to make investing faster, easier and more profitable. Do Hard Money loans are packed with features which set us apart from any other hard money lender:
- Loan amounts up to 70% of the property’s after repair value (ARV)
- No loan payments during the initial term
- Funding in as little as 5 – 14 days
- 100% financing available to those who qualify
We offer hard money and private money loans for residential rehabs and property refinancing:
- Residential Rehab Loans
- Single-family residences
- Refinancing Loans
- 100% Financing
If your deal is good enough we will cover 100% of the purchase price, rehab, and closing costs, points & interest.
- LTV Basis
Our max loan amount is based on the after repair value, not the current value or purchase price. If the numbers line up, we will fund it.
- Maximum LTV
We lend up to 70% of the ARV. We will fund everything but earnest money as long as it fits within 70% of the ARV.
- Max Loan Amount
Our max loan amount is $250,000. For the markets we currently lend in, we’ve found this to be the sweet spot for real estate investing.
- Minimum ARV
Our minimum ARV to lend on a property is $75,000. If it’s less than that there is just not enough profit to make it worth the effort for either party.
- Multiple Deals
Yes. We allow you to do 3 deals at a time, enabling you to stay busy and rake in even more profit at a faster pace.
- Interest Rate
Our interest rates of 1.25 – 1.50% per month fall pretty middle of the road. We are not the cheapest, nor the most expensive, but our 100% financing options allow you to leverage our money.
- Origination Points
We take on significant risk in offering 100% financing and our points of 5.5% – 6.5% is what keeps us in business.
- Max Loan Term
The default loan term is set at 5 months, but we do allow up to three 1-month forbearance payments equal to 1.0% of the loan if you need more time.
- Monthly Payments
With no monthly payments during the initial loan term you can focus 100% of your time on rehabbing and selling the property.
- Minimum Credit
None. A bad credit score will affect your points and interest, but because we lend on the property’s after repair value it won’t keep you from getting a loan
- Required Experience
Many other lenders either won’t lend to you or will jack up their prices unless you have prior experience, but we’re all making profitable real estate investing accessible to anyone.
- Gap Financing
We allow gap financing in the form of business lines of credit to help with cash-to-close when everything doesn’t fit in 70% of the ARV and we can help you get up to $100,000 in as little as 30 days.
- Refinancing Available
Yes. With traditional lenders limited to strict loan parameters, we focus on equity over borrower financials. This gives you the liquidity needed for your individual situation.
Think Bad Credit Hard Money Loans Don’t Exist? Think Again
Your troubles are over! We understand that having a bad credit rating shouldn’t exclude you from opportunities to better your situation. This is why Do Hard Money offers hard money loans to all, not just those with good or excellent credit. At Do Hard Money, we’re proud to have helped hundreds of real estate investors reach their goals and achieve their dreams, regardless of their credit rating.
We extend loans based on the property, not the individual. This has helped make us one of the nation’s leading lenders for bad credit hard money loans. We are here to help you open the door to financial freedom and improve your current credit situation through real estate investment opportunities. We are proud to extend these opportunities to all.
This company is a massive SCAM. I signed up for service that had a 3 day money back guarantee. They weren’t able to host my onboarding call till day 4. On that day it was clear that this was a scam and any deal that I brought would require tens of thousands of dollars contrary to what I was told on the initial call. I requested my refund. I had zero response to my request that was made nearly a month ago. I followed up again yesterday and was told someone would call me. A rep called me today and basically told me too bad. This is a major scam that just prays on people to give you the $3000 with false promises of affordable loans. They have no intention of actually doing any deals just keeping your money.
Amazing to work with- customer service has been excellent. They are tough on the numbers, which at first was frustrating. But after doing a deal with them it makes sense. I can see that the first couple of properties that I thought were good deals really weren’t