Process

FasterFunds Lending believes that getting a hard money loan should be fairly quick and easy.

Terms

  • Annual Interest Payment:12%
  • Origination Fee: 3 Points
  • No Pre-Payment Penalty
  • Loan Term: 6 Months
  • Will lend on a 100% of the purchase price, if borrower covers 100% of the rehab costs.
  1. The first step is getting you approved as a borrower. Click here to apply.
  2. The second step occurs when you get a house under contract. At this point you will click here to complete our property information sheet.
  3. Send us a copy of your contract along with the name of the title company and your closer.
  4. Set up a time for the management team to walk through the property. This is in lieu place of an appraisal.
  5. Get insurance on the house.
  6. Go to the closing and sign the appropriate loan documents.
  7. Rehab the home, ,make monthly loan payments and follow through with you exit strategy.