GetHardMoney.usAscend Capital LendingFrequently asked questions.
Have a scenario that isn’t covered here? That is usually the conversation worth having.
What is a hard money loan?+
A business-purpose loan secured by investment real estate. It is typically used when speed, property potential, or deal complexity matters more than conventional underwriting.
How quickly can a loan close?+
Complete, straightforward files can often close in 5–10 business days. Timing depends on the property, documentation, appraisal needs, title, and loan structure.
Do you work with first-time investors?+
Yes. We have options for first-time investors and experienced operators. Deal strength, liquidity, credit profile, and exit strategy all matter.
What property types do you finance?+
Programs include 1–4 unit investment properties, multifamily, rentals, condos and condotels, mixed-use, commercial, new construction, and select land scenarios.
Are these loans available nationwide?+
We work with a broad national lending platform. Availability and terms vary by state, property, borrower profile, and current guidelines.
What credit score is needed for a hard money loan?+
There is no single score that fits every program. Credit is considered together with the property, borrower experience, liquidity, leverage, project plan, and exit strategy.
How much cash will I need to close?+
Cash needs depend on purchase leverage, rehab or construction funding, closing costs, interest reserves, and lender-required liquidity. Equity already in the property may affect the calculation.
Can renovation or construction costs be included?+
Yes, many fix-and-flip and construction structures can include eligible project costs. Funds are commonly released through draws as documented work is completed.
Do hard money loans require income verification?+
Requirements vary. Some business-purpose programs focus primarily on the property and exit strategy, while rental programs may qualify using debt-service coverage. Borrower documentation is still required.
Can I use these loans for an owner-occupied home?+
No. The financing described on this website is for business-purpose real estate transactions, not owner-occupied consumer mortgages.