Hard Money
Construction Hard Money
Unlock the potential of your construction projects with CMRE's Construction Hard Money loans. Designed for speed and flexibility, our hard money loans provide the capital you need to get your project off the ground or across the finish line. With rates starting at 9.875%, we offer competitive terms and a streamlined approval process to help you seize opportunities quickly.
Program Benefits
Fast Funding: Get the capital you need quickly, often within days, to keep your construction project on schedule.
Flexible Terms: Tailored loan structures to meet the specific needs of your construction project.
Higher Loan-to-Value: Borrow up to 70% of the property's value, maximizing your investment potential.
Less Stringent Requirements: Qualification is based more on the project's potential than on traditional credit metrics.
Use for Various Projects: Ideal for ground-up construction, renovations, rehabs, and fix-and-flips.
Competitive Rates: Starting at 9.875%, our rates are competitive within the hard money lending market.
Program Highlights
Max LTV
70%
Min Credit Score
600
Max DTI
N/A
Loan Amount Range
$50,000 - $5,000,000+
Amortization Options
Eligible Properties
- Single Family Homes
- Multi-Family Homes
- Condominiums
- Commercial Properties
- Land
Program Requirements
Income Documentation
- •Demonstrate sufficient income or cash flow to cover loan payments.
- •Provide documentation of current income sources.
- •Business income will be considered as applicable.
Asset Verification
- •Proof of funds for down payment and closing costs.
- •Verification of other assets that may be used as collateral.
- •Liquidity to manage project contingencies.
Insurance & Title
- •Hazard insurance to cover property damage.
- •Liability insurance to protect against potential lawsuits.
- •Builder's risk insurance during the construction phase.
Property Requirements
- •Minimum FICO score of 600 required.
- •Review of credit history to assess overall financial stability.
- •Past bankruptcies or foreclosures will be considered.
Application Process
Six simple steps from application to funding
Application
Complete our streamlined online application form with your financial information
Document Review
Submit required documentation for verification and processing
Pre-Approval
Receive conditional approval and loan terms based on your profile
Title & Escrow
Open escrow and complete title search and insurance requirements
Appraisal & Final Review
Property appraisal completed and final underwriting approval received
Funding
Sign final documents and receive your loan funds
Application
Complete our streamlined online application form with your financial information
Document Review
Submit required documentation for verification and processing
Pre-Approval
Receive conditional approval and loan terms based on your profile
Title & Escrow
Open escrow and complete title search and insurance requirements
Appraisal & Final Review
Property appraisal completed and final underwriting approval received
Funding
Sign final documents and receive your loan funds
Why Choose Custom Mortgage?
Your trusted partner in real estate financing
Extensive Experience
Over 25 years of proven expertise in mortgage lending and real estate financing
Comprehensive Loan Options
Wide range of programs from conventional to specialized non-QM and hard money solutions
Nationwide Coverage
Licensed in multiple states with the ability to fund loans across the country
Flexible Solutions
Customized financing options for unique situations that traditional lenders decline
Competitive Rates
Access to wholesale pricing and volume discounts passed directly to our clients
No Upfront Fees
Transparent pricing with no application fees or upfront costs to get started
Frequently Asked Questions
Interest rates on construction hard money loans are typically higher than traditional loans due to the increased risk and shorter loan terms. Rates with CMRE start at 9.875% but can vary depending on the project's specifics, borrower qualifications, and market conditions.
One of the main benefits of hard money loans is the speed of funding. At CMRE, we can often provide funding within a matter of days, allowing you to move quickly on your construction project.
Construction hard money loans are typically short-term, ranging from 6 to 24 months. This allows borrowers to complete their projects and then refinance into a more traditional long-term loan or sell the property.
Hard money loans can be used for a wide variety of construction projects, including ground-up construction, renovations, fix-and-flips, and commercial development. The key is that the project has a clear plan and the potential to generate a return on investment.
Sam K.
Senior Loan Strategist
With over 15 years in the mortgage industry, Sam specializes in complex jumbo and non-qm financing solutions, helping clients navigate unique financial landscapes.
NMLS #12345 | Certified Mortgage Advisor (CMA)
TESTIMONIALS
Success stories from families and investors across the nation who achieved their goals with CMRE.
"I've been working with Custom Mortgage and Real Estate for over five years now, and they've totally helped me get through a bunch of tricky transactions. Their team is super helpful all the way through, making sure everything goes off without a hitch. I seriously recommend Custom Mortgage to anyone who needs financing or a solid real estate broker."
RENE M
"I just worked with Custom Mortgage and Real Estate, and seriously, I can't recommend them enough. They have helped my family and me with a bunch of transactions, always receiving results that nobody else could. Their team is super responsive and really experienced, which made everything go through smoothly with no stress at all."
ARTHUR G
"As an investor in real estate and an agent, I totally count on Custom Mortgage and Real Estate for my deals since they've got loads of experience. They have these unique programs that I just can't find anywhere else, and it really gives me an advantage. After researching a number of companies, the offers from Custom Mortgage were the best out there."
