When the asset carries the file.
Hard money is short-term, asset-based financing secured by investment real estate. The underwriting weighs the property, the purchase price against its value today and after repairs, the budget, and the exit — a sale or a refinance into long-term financing — ahead of personal income. No tax returns. No W-2s. A property that a conventional or DSCR program won't touch as-is, because of condition, vacancy, or a closing timeline measured in days, is exactly what hard money exists for.
For fix-and-flip investors, buy-and-hold investors acquiring distressed inventory, and anyone bridging a purchase before a stabilized refinance, hard money isn't the expensive last resort — it's the tool that matches the timeline. The cost is carried for months, not decades, and the plan is to be out of it on schedule. Lendmire works with multiple hard money and private money lending partners across fix-and-flip, bridge, ground-up construction, and refinance structures on non-owner-occupied residential property — one to four units, and new construction up to ten — and plans the take-out into DSCR financing alongside the loan, so the exit is part of the file from the start.
Three paths through hard money.
Rehab, bridge, or build — each structured for a different point in the project.
Fix-and-Flip Loans
Purchase and rehab budget in one loan. Up to 93% of project cost with five or more completed projects, up to 90% with two or more, and lower tiers for first-time investors — every tier capped at 75% of after-repair value. Up to 100% of the rehab budget, funded in draws against completed work.
Bridge & Refinance Loans
Bridge purchase without rehab up to 80% of purchase price and 80% of value; cash-out up to 65% and refinance up to 65% of value. Close on properties that need time — vacancy, condition, or a seller who won't wait — then refinance into long-term DSCR financing once stabilized.
Ground-Up Construction
New construction up to ten units. Up to 90% of cost and 75% of completed value for builders with three or more completed projects; first projects start at 75% of cost and 60% of value. Interest-only, 6–18 month terms.
In hard money, the lender is the whole deal.
No two hard money lenders underwrite the same file the same way. One funds a first-time flipper at a lower leverage tier; another wants five completed projects before the numbers open up. One releases rehab draws on a photo and an invoice; another sends an inspector every time. One values on an appraisal, another on a broker price opinion, and each of them has markets it simply won't lend in. Matching the project to the partner who actually wants it is the work — and it's the reason the same deal can be approved in one shop and declined across the street.
We work in this space daily, which means we know where each partner's experience tiers, draw process, and property appetite sit before the file goes in. Budget reviewed against the after-repair value before the offer is written. Entity vesting set up correctly the first time. The DSCR take-out arranged in parallel, so the exit is underwritten before the rehab starts instead of scrambled together when the note comes due. That's what having a broker who lives in this product does for an investor: fewer surprises between the closing table and the payoff.
Built for the property as it stands today.
Know before you borrow.
Hard money underwriting guides, rehab budgeting, and exit-strategy playbooks from our licensed loan officers.
-

What Happens After You’re Pre-Approved for a Mortgage
Pre-Approval Is a Big Milestone Getting pre-approved for a mortgage is an exciting step—it means a lender has reviewed your financial information and given you a clear picture…
Tools to move from reading to action.
Exit calculator
Model the take-out before you buy — what the stabilized rental's payment and DSCR look like at refinance, interest-only versus amortizing.
Calculate Tool TwoGet a quote
Start your hard money request in under 30 seconds. A Lendmire investor specialist will follow up to match the project to the right lending partner.
Start Tool ThreeBrowse programs
See every loan program Lendmire offers — from hard money to DSCR to bank statement — and find the right fit.
BrowseCheck your hard money options in about 30 seconds.
Review purchase, bridge, and fix-and-flip financing for your next project. No commitment required.
Get A QuoteHard money market guides, state by state.
Business-purpose financing available in 40 markets, including Washington, D.C. Fix-and-flip, bridge, and construction financing guides for each state we serve.
- Hard Money Loans in Alabama
- Hard Money Loans in Alaska
- Hard Money Loans in Arkansas
- Hard Money Loans in California
- Hard Money Loans in Colorado
- Hard Money Loans in Connecticut
- Hard Money Loans in Delaware
- Hard Money Loans in Florida
- Hard Money Loans in Georgia
- Hard Money Loans in Hawaii
- Hard Money Loans in Illinois
- Hard Money Loans in Indiana
- Hard Money Loans in Iowa
- Hard Money Loans in Kansas
- Hard Money Loans in Kentucky
- Hard Money Loans in Maine
- Hard Money Loans in Maryland
- Hard Money Loans in Massachusetts
- Hard Money Loans in Michigan
- Hard Money Loans in Mississippi
- Hard Money Loans in Missouri
- Hard Money Loans in Montana
- Hard Money Loans in Nebraska
- Hard Money Loans in New Hampshire
- Hard Money Loans in New Mexico
- Hard Money Loans in North Carolina
- Hard Money Loans in Ohio
- Hard Money Loans in Oklahoma
- Hard Money Loans in Pennsylvania
- Hard Money Loans in Rhode Island
- Hard Money Loans in South Carolina
- Hard Money Loans in Tennessee
- Hard Money Loans in Texas
- Hard Money Loans in Virginia
- Hard Money Loans in Washington
- Hard Money Loans in Washington, D.C.
- Hard Money Loans in West Virginia
- Hard Money Loans in Wisconsin
- Hard Money Loans in Wyoming

