Is hard money expensive?

Is hard money expensive? and what are the rates?


Is hard money expensive, the quick answer is no.


When hard money loans are used in the transactions that best fit what they are intended for they are actually cheap.


In the real estate investment community when closing quick will get you the deal and at a better price, hard money loans are a great bargain.


Missing out on deals and discounts can be the end of your lucrative real estate investing business.


Hard money loans are also:


  1. cheaper than taking on a partner
  2. easier to qualify for…stops the delays of starting
  3. real estate investor focused, unlike most banks


That being said hard money is not to replace a bank loan.


Now, if you have 30 to 60 days to close and have a bank that works well with investors, you should be using a bank over hard money.


In conclusion, when hard money loans are used for the right deals for the right borrower, they put more money in your pocket.


At the end of the day is it not your goal as a real estate investor to put more money in your pocket now?


To increase your speed of investing and increase your cash flow hard money is one of the best tools.

So as we can see hard money is not expensive but really a cheap method to finance most real estate investments.


Typical hard money rates across the country run from the 8% to 14% depending on the loan to value, lender and the points they charge.

Hard Money Mike has been assisting real estate investors for over 20 years.  Looking for any form of financing we are here to assist.  Contact us for hard money, traditional lending and setting up bank lines of credit.  Email us any questions today at


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