No two loan scenarios are the same and costs will vary depending on loan request.  

A hard money loan is a loan acquired through a private lender instead of through a traditional bank. Hard money loans are typically asset based, which means our primary focus when determining a loan amout is based mostly on the value of the collateral itself.

In California yes absolutely and other states will be considered on a case by case basis.  

We base our approvals on the quality of the property, the experience of the borrower, and the overall likelihood that the project will be successful. While we do review credit history, it is not the primary component of our decisions, and many borrowers with damaged credit are able to be approved   For asset based loans we don't care about your fico score, only the property value.

At the beginning of the loan process, we will typically ask for much of the same documentation that a bank would require; however, unlike a bank, we don’t ask for this documentation to look for reasons to say “no”. We use common-sense underwriting principles to examine the character, experience, and capacity of each borrower, and have flexibility in our documentation requirements. Your online pre-approval letter will contain the list of documentation requirements applicable to your loan request.

Great question, this will depend if property is residential or commercial and the loan type requested.  Hard money and fix & flip loans close the quickest however some commercial bridge have closed in under 14 days as well.

The subject property you are requesting a loan for will be used as the collateral and in some instances a personal guarantee may be required.