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How Do Hard Money Loans Work: An Investor’s Guide

How do hard mooney loans work?

How do hard money loans work? Phoenix hard money loans and real estate investing don’t need to be complicated. Hard money loans are perfect for anyone looking for fast funds for real estate. Make real estate investing easy, with easy applications, fast funds, and minimal paperwork. There are many ways to use a hard money loan and they offer many benefits for investors looking for the most.

As real estate investors, speed and clear communication are essential. We will cover everything you need to know about hard money loans, when to use them, and how to get funded for your properties.

How Do Hard Money Loans Work?

Hard money loans are asset-based loans that are used by real estate investors to fund the purchase, repair, and selling of a property.

Hard money loans vary from traditional loan options as they are secured via the property value of the asset, instead of using the borrower’s credit. This provides many benefits for the borrower for real estate investing.

Benefits of a hard money loan: 

  • FAST Approval (12 hours or less)
  • No credit or background checks
  • Cash in as quickly as 2 days

Don’t want lengthy paperwork? Don’t want to wait to be approved? Need cash now for your property? Hard money loans got you covered.

Hard money loans work best for investors as they are short term loans (24 months or less) and intended for the repair, purchase, and sale of a property. Because of their asset-based nature, they do have downsides to traditional loans.

Cons of hard money loans: 

  • Shorter Term Rates
  • Higher Interest Rates
  • Not For Owner Occupied Use

The benefits of phoenix hard moneyBenefits of Phoenix Hard Money

Hard money loans can sound like a dream come true. How do hard money loans work for you? For Real estate investors, hard money can really can make investing in your properties easier. They also can seriously cut down on hassle and paperwork. For real estate investors looking to get the most out of their properties today, hard money loans can help.

Here are the top benefits of hard money loans.


Real estate investors need money for their projects yesterday! With hard money loans, real estate investors can get approved the same day, and funded in as little as 12 hours. We know real estate moves quickly, so should your funding! This is perfect for real estate investors looking to get an investment project started A.S.A.P!

No Credit Checks

Hard money loans work well for real estate investors because they don’t have to tie another property to their credit. Hard money loans are asset-based making them easy to approve and fund! This saves investors time and speeds up the underwriting process faster than ever. Our application takes less than 2 minutes to complete.

No Red Tape

Getting funding for your real estate investments isn’t easy. Other lenders make you jump through all kinds of hoops before they tell you to know. With a hard money loan, it is approved or rejected based on the property value, and after repair value. We are real estate investors too, so we know the ins and out of the industry and the real underlying asset of the property. Because hard money is all asset-based, we won’t run credit or background checks, so a hassle-free application and funding.

Money When You Need It

Money is what makes the world go round. With hard money loans, you can fund almost any real estate investment under the sun. Whether gap funding, financing renovations, or no wanting to pay for a flip out of pocket, hard money loans can be used for any project.

One of the best benefits of hard money besides the obvious (fast money) is that there are no strings attached. Once it’s approved we are ready to go when you are!

Have Bad Credit? Doesn’t Matter

Self-Employed or Spotty Employment History? Doesn’t Matter.

‘Diamond In The Rough’ Property? Doesn’t Matter.

Need Money Today? Apply here!

types of hard money loansTypes of Hard Money Loans

There are many types of real estate investments, and hard money loans can be used for nearly all of them. If you are wondering how do hard money loans work for your investments?

Types Of Hard Money Loans We Fund Are:

  1. Fix and flip loans are perfect for real estate investors who want to buy REO or otherwise discounted properties for competitive loan rates.
  2. Bridge Loans: In the real estate market, bridge loans are used to close deals quickly, fund rehab projects, and rescue homes from foreclosure.
  3. Home Rehab Loans – We know how important it is to get the funding you need to make that rehab vision a reality. That’s why we offer asset-based home rehab loans.
  4. Short Sale Loans – We often hear the term short sale loan when discussing a home going into foreclosure. This is because a short sale may be used by the homeowner as an alternative to a foreclosure.
  5. Auction Loans: Many Real estate investors use auctions to secure profitable investments. Call us to learn more about our Auction Funding.

Type of propertie that use hard moneyType of Properties We Fund

So how do hard money loans work, and what kind of programs do they offer? Each project is unique, but we have structured various hard money lending programs to suit your needs.

We provide financing for:

  • Residential properties
  • Non-owner occupied properties
  • A fix and flip
  • A rehab for medium or long-term hold
  • Short sales
  • REO Purchases
  • Business investment properties and more

how do hard money loans work for investorsHow Do Hard Money Loans Work For Investors

There are many different ways you can use hard money loans. With more than one kind of real estate investment, our hard money loans work for a variety of real estate investors.

How Do Hard Money Loans Work For Investors:

  • House Flippers: looking for loans to buy, fix and flip their properties with.
  • Landlords: Looking to upgrade their property to attract more tenants.
  • Wholesalers: Looking to finance a property until they can sell to an investor.
  • Real Estate Investors: Looking to purchase, or repair a property to rent or sell.
  • Property Owners who are about to be foreclosed on
  • And More

Whether a seasoned landlord looking to improve his property or a house flipper looking to take on more projects hard money loans can be beneficial for any real estate transaction.

Thanks to our speedy hard money loans these inventors, and you can get started on their properties faster.

So How Do Hard Money Loans Work? Apply and Fund!So How Do Hard Money Loans Work? Apply and Fund!

Finding your property should be the hardest part of real estate investing. That’s why our loan process is seamless and requires minimal paperwork.

When You Are ready to apply make sure you have the following information.

New Purchase

  • Complete address of the subject property
  • Purchase Price
  • Loan Amount
  • What do you intend to do with the property
  • Rehab Budget
  • ARV
  • Latest Pictures of inside and outside of the property


  • Complete address of the subject property
  • Existing Mortgage Amounts, if any
  • Is the existing mortgage current, can you provide mortgage statement
  • Loan Amount Required
  • What do you intend to do with the property
  • Rehab Budget, if applicable
  • ARV
  • Latest Pictures of inside and outside of the property

Investors and property owners can trust us to provide a clear pathway to hard money loan access. Every application we receive is treated with great urgency. We find ways to say yes as Prime Plus Mortgages.

  • Apply
  • Receive a Confirmation
  • Receive Funding
  • Flip it or Rent it

Need more details on how do hard money loans work? Learn more about our hard money loan programs here, and apply today!

Prime Plus Mortgages

Prime Plus Mortgages is a licensed hard money lender. We specialize in hard money loans, bridge loans, fix and flip loans, home rehab loans, for developers, property flippers and buy-and-hold strategists. HML programs make private money available for small to medium scale projects.