A hard money loan is a type of short-term real estate loan that is secured by the property itself, rather than the borrower’s creditworthiness. These loans are typically used by real estate investors for fix-and-flip projects, rental property purchases, or other investment opportunities.
Key Characteristics:
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Asset-Based: Approval is based on the property’s value.
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Short-Term: Usually 6 to 24 months in duration.
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Higher Interest Rates: Due to the higher risk and shorter terms.
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Fast Approval: Often within days, ideal for time-sensitive deals.
At RE/MAX Galaxy, we make investing easier by offering hard money loans through our sister company, Galaxy Funding. Whether you're flipping a home or buying a rental property, our lending solutions are designed to help you move fast and close with confidence.
Why Choose Galaxy Funding?
– Competitive Rates
– No Monthly Payments
– Funding Available Up to the Full Sales Price
– Fast Closings – Often Within 10 Days
$1,000,000.00 in capital currently available for new hard money loans
Over $2.5 million already funded and in circulation