Private money loans
Private money financing is funded on the strength of the asset, not a bank's timeline or a perfect credit file. When the deal won't wait, asset-based underwriting can get you to the closing table.
Asset-focused qualification options may be available for qualifying deals.
Licensed mortgage broker · Answer Home Loans, Inc. NMLS #1729528
What private lenders weigh
The deal leads, not the paperwork
General illustration. Each deal is evaluated individually.
Loan programs
The right structure depends on whether you're acquiring and renovating a property or bridging into a longer-term financing plan.
Short-term capital to acquire and begin renovating distressed or undervalued properties without waiting on a conventional bank's timeline or needing a spotless credit file.
Best for: Flippers and investors acquiring distressed properties who need to begin renovations quickly, regardless of credit history.
Short-term bridge capital to secure multifamily properties, land parcels, or transitional commercial assets, including deals you need to lock down before permits are issued or permanent financing is in place.
Best for: Multifamily and land buyers working against a deadline, including securing parcels before building permits are issued.
Not sure which structure fits your deal? Talk to a loan officer.
Actual terms, rates, and loan-to-value (LTV) vary by lender and deal structure. Not a commitment to lend.
Why private money
Underwriting centers on the property's value and your plan, not a credit score alone. Asset-focused qualification options may be available for qualifying deals.
When timing decides the deal, private money is structured around your closing date rather than a conventional bank's approval queue.
Distressed, vacant, or transitional properties that fail a conventional lender's condition requirements can be eligible. Financing is structured around the deal, not a rigid checklist.
The process
Share the property details, your strategy, and your timeline. Asset-based underwriting begins with the deal.
Terms are built around the collateral's value, the LTV, and your exit plan, not a standardized income checklist.
Funding follows a timeline that matches your deal. Get to the closing table and begin executing your plan.
Borrower types
Private money isn't a last resort. It's the right tool for time-sensitive deals, properties in transition, and borrowers who don't fit a conventional underwriting mold.
Lock down time-sensitive rental property acquisitions without waiting on a conventional bank's timeline.
Short-term capital for vacant, distressed, or transitional retail, office, and mixed-use projects a conventional bank won't touch.
Asset-focused financing for distressed properties, built for borrowers who need to begin renovations quickly, regardless of credit history.
Short-term bridge financing for multifamily and land acquisitions with deadlines a traditional bank can't meet.
Financing to secure land before building permits are issued, so the deal doesn't slip away while approvals are pending.
Financing built around the asset for borrowers turned away by rigid bank guidelines. Asset-focused qualification options may be available.
FAQ · Private money loans
Asset-based financing for flippers, investors, and land buyers, funded on the strength of the deal rather than a bank's timeline or a perfect credit file.
A conventional bank loan relies heavily on income documentation, credit score, and debt-to-income ratios, which can take weeks or months to complete. A private money loan (sometimes called hard money) is funded by private individuals, investment funds, or non-bank lenders. Underwriting is asset-based: it focuses on the property's value, the loan-to-value (LTV) ratio, and your plan for the property. That allows more flexibility on property condition and credit profile than a traditional bank.
Not necessarily. Because private money underwriting centers on the collateral rather than a standardized credit checklist, asset-focused qualification options may be available for qualifying deals, even for credit-challenged borrowers. The strength of the asset, the loan-to-value ratio, and your exit plan carry significant weight, and each deal is evaluated individually.
Private money loans can finance a wide range of property types, including single-family, multifamily, commercial (retail, office, mixed-use), and raw land. Private lenders can often finance distressed, vacant, or transitional properties that fail a traditional lender's condition requirements, including properties that need significant renovation and land where building permits haven't been issued yet.
Asset-based underwriting doesn't require the extensive income documentation and committee reviews of a conventional bank, so the process is typically more streamlined. The timeline depends on the deal's complexity, the valuation, title work, and how quickly you can provide property and plan details. Discuss your specific timeline with a loan officer.
Private money loans are short-term, so a clear exit strategy is an important part of approval. The two most common exits are (1) a refinance: after completing renovations or stabilizing the property, you refinance into a conventional or longer-term loan; or (2) a sale: you sell the improved or acquired property and use the proceeds to repay the loan. Lenders evaluate the exit plan as part of underwriting.
Mortgage Wholesale provides private money loan financing for acquisition, fix-and-flip, bridge, and land purchases. Rates, terms, and loan-to-value are evaluated deal by deal and vary by lender, property, and borrower profile. This is not a commitment to lend. Mortgage Wholesale | NMLS #380097 | Equal Housing Opportunity
Get My Private Money QuoteExample scenarios
Illustrative example, not an actual client.
A flipper had a distressed house under contract with a short closing deadline a bank couldn't meet. A private money loan could be underwritten on the property and the renovation plan, then repaid when the home sold.
Timelines, rates, and terms vary by lender and borrower profile.
Illustrative example, not an actual client.
A developer found the right parcel, but permits were still weeks away and the seller wouldn't wait. Private bridge financing could close on the land before permits were issued.
Timelines, rates, and terms vary by lender and borrower profile.
Illustrative example, not an actual client.
An investor with a recent credit setback found a strong rental property. Because private money weighs the asset and exit plan heavily, the deal could still be evaluated on its merits.
Timelines, rates, and terms vary by lender and borrower profile.
Get started
Private money is built for time-sensitive deals, but it starts with understanding yours. Share your property details and plan, and a loan officer will get back to you to discuss structure, timeline, and loan-to-value.
Asset-based underwriting: your plan and the property lead
Flexible terms structured around the deal, not a rigid checklist
Credit-challenged borrowers encouraged to apply
Answer Home Loans, Inc. · NMLS #1729528 · DRE #02058505