What is a Hard Money Loan?
Hard money loans are short-term, asset-based loans secured primarily by the value of the real estate — not your credit score or income. They are ideal for investors who need to move quickly on a deal or don't qualify for traditional financing.
ASB Capital funds hard money loans across all 50 states for purchases, refinances, rehab projects, and bridge situations. Our streamlined process means you can close in as little as 5-7 business days.
Program Highlights
- Close in days, not weeks
- Asset-based underwriting — credit flexibility
- Rehab & construction financing available
- Nationwide lending across all 50 states
- Short-term bridge financing
- Up to 70-75% of ARV
Who This Loan Is For
Real estate investors who need speed and credit flexibility — fix-and-flip, rehab, and quick acquisitions where the property value qualifies the loan. Hard money is suited for short-term projects with a clear exit.
Typical Requirements
- • Approval based on property value / ARV
- • Up to 70–75% of ARV
- • Points and higher rates than conventional financing
- • 3–24 month terms, interest-only
- • Exit via sale or refinance (subject to underwriting)
Key Terms to Know
- Hard Money Loan
- A short-term, asset-based loan secured by real estate. Approval depends primarily on the property value rather than the borrower credit profile.
- After-Repair Value (ARV)
- The estimated value of a property after renovations. Hard money loans are often sized as a percentage of ARV.
- Asset-Based Lending
- Financing where the collateral (the property) is the primary qualifier, offering flexibility for investors.
- Points
- Upfront fees calculated as a percentage of the loan amount (1 point = 1%). Common in hard money and bridge loans.
- Loan-to-Cost (LTC)
- The loan amount divided by total project cost (purchase + rehab). Used alongside ARV for fix-and-flip and rehab loans.
See our FAQ and loan resources for more definitions and checklists.