Hard Money Loans

If you are specifically looking for Fix and Flip Financing for 1-4 family or Multi-Family projects click here.

If you are looking for a short-term loan on a “hard asset” (i.e. houses, land, buildings…) then you are in the right place to unlock swift real estate financing with our tailored Hard Money loan solutions.

A quick financing solution, Hard Money loans are short-term, asset-based loans used primarily in real estate transactions. Unlike traditional loans, they are backed by the value of the property, not necessarily the borrower’s creditworthiness.

Purpose: Ideal for real estate investors seeking quick financing, Hard Money loans are perfect for quick, short term financing needs when a typical bank mortgage is not an option.

Benefits: With a Hard Money loan from Boathouse, customers benefit from rapid approvals, flexible terms, and financing tailored to their project’s needs.

Why Michigan Investors Choose Boathouse’s Hard Money Loans:

• Local Expertise: With deep roots in Michigan’s real estate landscape, Boathouse brings unparalleled insights and expertise to every deal.
• Speedy Transactions: Our Hard Money Loans are designed for quick closings, ensuring you never miss an opportunity.
• Flexible Terms: We understand every deal is unique. Our loans are crafted to suit the specific needs of each investor.
• Competitive Rates: At Boathouse, we ensure our rates are competitive, maximizing the profitability of your investment.

How Hard Money Loans Work:

• Collateral-Based: The loan amount is determined by the property’s value.
• Short-Term: Typically ranging from 6 months to a few years.
• Quick Approval: With minimal documentation and a focus on the property’s value, approvals are swift.
• Repayment: Interest-only monthly payments with a balloon payment at the end or upon the sale of the property. Usually a 30 year amoritization.