LoanPrograms

HardMoneyMike does NOT lend on any residential property that is owner occupied. We lend only on non-owner occupied properties with commercial or business intent for investment purposes.

Tier 1

Hard Money:

  • States: CO, KS, MN, MO, OH, OK, TX, UT and WI (Other states considered on a case by case basis).
  • Loan/Property Types: Non-Owner Occupied Residential, Multi-Family, Commercial (B-C), Industrial, Construction, Cash Out- Refi, Land
  • Closing in weeks: 1 to 2
  • Min Loan Size: $50k
  • Max Loan Size: $1MM
  • Max After Repair Value (ARV): 70%
  • Money Down: 0% to Needed Amount (Possible to include points and fees into the loan) 
  •  We Lend: As- is (Retail) or Cash Out- Refi Max LTV: 70% 
  •  Max Land LTV: 40% 
  •  Interest Rate (Annual):12%
  • Points: 4
  • Pre-Payment Penalty:  No
  •  Term in Months: 0 to 12 (Standard Fix and Flip is set up for a 6 month term)
  •  Any Loans from $50k-$75K are flat fee of $3k, plus the assigned interest rate.
  •  Gap Funding Accepted With Proof of Funds
Purchase

Tier 2

Soft Money:

  • States:CO, KS, MN, MO, OH, OK, TX, UT and WI (Other states considered on a case by case basis).
  • Loan/Property Types: Non-Owner Occupied Residential, Multi-Family, Commercial (B-C), Industrial, Construction, Cash Out- Refi, Land
  • Closing in weeks: 1 to 2
  • Min Loan Size: $50k
  • Max Loan Size: $1MM
  • Max After Repair Value (ARV): 65%
  • Money Down: 5% Min
  •  We Lend: As- is (Retail) or Cash Out- Refi Max LTV: 65% 
  •  Max Land LTV: 30% 
  •  Interest Rate (Annual): 7-9.99%
  • Points: 2-3
  • Pre-Payment Penalty:  No
  •  Term in Months: 0 to 12 (Standard Fix and Flip is set up for a 6 month term)
  •  Any Loans from $50k-$75K are flat fee of $3k, plus the assigned interest rate.
  •  Gap Funding Accepted With Proof of Funds
Purchase

Brokerage

All Real Estate:

  • States: All
  • Min Loan Size: $50K
  • Max Loan Size: None
  •  Loan/ Property Types:
    All including:
    SBA
    MMJ
    Churches
    Equipment
  • Please call to find out how we can help you place your loan if it falls outside of our lending parameters. We have a network of direct lenders that we work with to ensure that we can accommodate most opportunities.
Purchase

We generally do not pull a credit report. If one is needed we will inform you of this prior to doing so. A property appraisal is not required, but are occasionally asked for on complex properties that need a more detailed valuation. This is at the expense of the borrower if needed to be done. A third Party BPO is required on any rehab property transaction that occurs outside of Colorado to determine an ARV. This is at the expense of the borrower. (Usually run between $60-$100) We reserve the right to ask for one within Colorado as well.

HOW CAN WE HELP YOU?

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