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Borrower Qualifications for Hard Money

     As a hard money lender, Fulford Lending offers flexible financing options to borrowers who may not qualify for traditional loans. To qualify for a hard money loan, we typically look at the value of the property and the borrower’s ability to repay the loan.

     When it comes to qualifying for a hard money loan from Fulford Lending, there are a few key factors we consider. First and foremost, we look at the property being used as collateral for the loan. The property needs to have sufficient equity to secure the loan, typically in the range of 30-50% equity.

     Also, we consider the borrower’s exit strategy for the loan. Hard money loans are generally short-term loans, so we want to see a clear plan for how the borrower will repay the loan within the agreed-upon timeframe.

     Overall, our goal is to provide financing to borrowers who may not qualify for traditional bank loans, but who have a strong investment opportunity and a solid plan for repayment.

     In addition, we offer quick turnaround times and can often provide funding in a matter of days, making hard money loans an excellent option for those in need of immediate financing. Contact us today to see if a hard money loan is the right choice for your unique situation.

The Hard Money Advantage

Your Time Matters

     Speed is important in hard money lending because these loans are often used for time-sensitive investments such as real estate flips or foreclosure purchases. Traditional lending institutions like banks may take weeks or even months to process and approve a loan application, which is often too slow for these types of investments. Hard money lenders, on the other hand, can often provide approval and funding in a matter of days, allowing borrowers to move quickly and take advantage of opportunities.

     Furthermore, hard money loans are usually asset-based, meaning that the loan is secured by the property being purchased rather than the borrower’s credit history or financial standing. This makes the approval process faster and less bureaucratic compared to traditional loans, where the focus is often on the borrower’s credit score and financial background.

     In summary, the speed of hard money lending is essential because it allows investors to act quickly and take advantage of opportunities in a competitive market. Traditional lending institutions are generally more cautious and bureaucratic, making the approval process longer and more restrictive.


What We Offer

  • Loan Types: Buy & Hold, Fix & Flip, Bridge, Rental, New Construction
  • Interest Rates from 9-15%
  • Points between 2-4
  • LTV up to 70%
  • Loan Size between $50,000 and $3,000,000
  • Interest Only Monthly Payments
  • Loan Terms up to 1- 5 year maturity date with extensions available for all loans in good standing.
  • 1st Position liens preferred but we will accept 2nd position liens on a case by case basis
  • All of our loans are equity based and must be secured by real estate assets
What is Hard Money?

Transparent Approach

We believe in transparency in all our dealings with borrowers. We want our clients to have a clear understanding of what they're getting into when they take out a hard money loan with us. That's why we provide detailed information about our lending process, fees, and requirements upfront. We'll walk you through every step of the way and answer any questions you may have. Our goal is to ensure that you have a positive borrowing experience and are confident in your decision to choose Fulford Lending for your hard money needs.

Flexible Strategy

A hard money loan offers flexibility to borrowers who may not meet the strict criteria of traditional lenders. Unlike traditional loans, hard money loans are based on the property's value rather than the borrower's credit history, making them ideal for real estate investors, developers, and flippers. The loan terms and repayment options can be customized to suit individual financial needs, and the funding process is quick and efficient, allowing borrowers to move quickly on investment opportunities

Fast Approval & Funding

Fulford Lending understands the importance of quick and efficient funding for real estate investments. Our hard money loans are approved and funded in a matter of days, allowing borrowers to take advantage of time-sensitive investment opportunities. We have a streamlined lending process that emphasizes direct and expedient lending, so that borrowers can receive the funding they need with minimal delay. With Fulford Lending, real estate investors, developers, and flippers can count on timely access to the funds they need to move quickly on their investment ventures.

Frequently Asked Questions

     Hard money is a type of financing that is secured by real estate collateral. Unlike traditional loans, hard money loans are based on the property’s value rather than the borrower’s credit history. Hard money lenders like Fulford Lending focus on the property’s equity and condition, rather than the borrower’s income or credit score, which allows for more flexibility and a quicker lending process.

     These loans are typically used by real estate investors, developers, and flippers who need fast and hassle-free funding for their projects. With a hard money loan, borrowers have access to the funds they need to make their investments successful.

     When it comes to financing real estate projects, hard money loans are the fastest option available. This is because hard money lenders focus primarily on the value of the property, which can be assessed quickly, rather than the borrower’s creditworthiness, which can take longer to evaluate.

     Additionally, the underwriting process for hard money loans is often more streamlined and efficient than that of traditional lenders, allowing for faster approval and funding. These factors make hard money loans an attractive option for real estate investors, developers, and flippers who need quick access to funding to capitalize on investment opportunities. With hard money loans, borrowers can move quickly and seize opportunities before they pass them by.

Application Fee: None

Upfront Fee: None

Points: 2-4

Underwriting Fee $750 – $2000

The above amounts amounts will be reflected in the HUD statement and paid from the loan proceeds. The title company will have additional charges as well  i.e. recordation cost, title policy, taxes, etc.

     At Fulford Lending, we specialize in providing equity-based bridge loans for commercial and business purposes. Our loans are not intended for personal or consumer (i.e. personal) use. Here are some examples of loans we do offer:

  • Bridge loans for commercial properties
  • Construction loans for commercial projects
  • Fix and flip loans for real estate investors
  • Renovation loans for existing commercial properties
  • Land loans for commercial development

Here are some examples of loans we do not offer:

  • Personal loans for individual use
  • Auto loans or other vehicle loans
  • Credit card debt consolidation loans
  • Student loans for education expenses
  • Mortgages for owner-occupied homes

     With our focus on commercial lending, we are able to provide customized loan options that cater specifically to the unique needs of our clients. Whether you’re looking to purchase a commercial property, fund a construction project, or renovate an existing property, Fulford Lending has the expertise and resources to help you achieve your business goals.

To apply for a hard money loan from Fulford Lending, you will need to provide certain documentation to help us evaluate your loan application. While the specific documentation requirements can vary depending on the loan and the borrower’s individual circumstances, here are some of the typical documents we require:

  • Current equity position in the collateral property (if applicable)
  • Purchase contract or sales agreement for the property
  • Proof of insurance for the property
  • Income documentation, such as tax returns or bank statements
  • Proof of identity, such as a driver’s license or passport
  • Business entity documentation, such as articles of incorporation or partnership agreement
  • Scope of work and/or renovation plans (for rehab or construction loans)

Once we receive your loan application and supporting documentation, we will review it thoroughly to assess the property’s value and your ability to repay the loan. Our goal is to provide quick, hassle-free funding to help you achieve your investment goals.

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Fast and Flexible Hard Money Loans for Real Estate Investors

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