Hard Money Lender Direct
Hard Money Lender Direct offers hard money loan solutions for residential real estate investors. The company is not a broker, and thus offers and funds loans directly.
Hard money loans offer a short-term loan solution based on the value of your collateral, typically your property. Interest rates will likely be higher than traditional loan solutions, but Hard Money Lender Direct promises fast approval times.
With a hard money loan through Hard Money Lender Direct you can expect the following:
- Loan amounts from $150,000 to $4,000,000
- Loan terms from 12 months to 30 years
- Interest rates as low as 4.99%
- Close in as little as 7 business days
Continue reading for a full review of this company, or jump down to read Hard Money Lender Direct reviews from real customers.
Top Ranked Companies
The Good
- Variety of Hard Money Loan Programs
- Fast Approval and Closing Process
- Limited Paperwork Required
- Online Convenience
Variety of Hard Money Loan Programs
Hard Money Lender Direct had a variety of hard money loan programs to choose from:
- New Construction Loan — Up to 90% financing in the company’s construction loan program, with rates starting at 4.99%.
- Rental Loan — A loan program for 1–4 rental properties with rates starting at 3.75%.
- Fix and Flip Loan — Up to 90% financing with rates as low as 8%.
- Multifamily Bridge Loan — A loan program for real estate investors with 5 or more apartment rental units.
No matter which program fits your specific needs, Hard Money Lender Direct promises a fast and flexible process.
Fast Approval and Closing Process
Hard Money Lender Direct offers a 24 hour streamlined loan approval process and could close on your loan in as little as one week.
Limited Paperwork Required
To make the application process even faster and easier, Hard Money Lender Direct won’t require tax returns, proof of income, or employment verification. Because hard money loans are secured by collateral, typically your real estate, the company can worry less about documents because if you are unable to make payments, or you default on your loan, Hard Money Lender Direct is secured by your property.
Online Convenience
The Hard Money Lender Direct loan process is entirely online, allowing you to start and submit an application whenever you’d like without the constraints of the typical nine-to-five work day. You can shop for rates online through the company’s website and minimal personal information is required to apply.
The Bad
- Only Available in 5 States
Only Available in 5 States
Hard Money Lender Direct’s services are only available in five states:
- Connecticut
- Florida
- Massachusetts
- New Hampshire
- Rhode Island
If you are purchasing property in any other state, you will need to look into other hard money loan options.
The Bottom Line
Hard Money Lender Direct is a hard money loan lender, focusing on providing funding solutions to real estate investors. The company is not a broker and provides, and funds, all loans in-house.
There are various hard money loan programs available: New Construction Loan, Rental Loan, Fix and Flip Loan, and Multifamily Bridge Loan. Each program has high financing options with competitively low interest rates.
Hard Money Lender Direct streamlines the loan process by keeping it entirely online, and by requiring minimal documentation for approval.
