Hard Money Loans

What is a Hard Money Loan?

Hard Money Loans, also known as Residential Transition Loans (RTL) are short-term financing designed for real estate investors who need to move quickly on an investment property. Rather than traditional long-term mortgage financing, these loans are commonly used to purchase and improve properties with the goal of creating value through renovation or construction. They can be a great fit for fix-and-flip projects, properties being renovated for a long-term hold (the BRRRR Strategy) or a short-term bridge financing fix. For investors looking to acquire, rehab, and reposition a property, hard money financing provides the speed and flexibility needed to get the project underway.
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Looking for Long-Term Financing for Cash-Flowing Investment Properties?

Harpoon Capital says YES when other lenders say No

For hard-to-qualify situations, we can likely get it done -- whether that’s a first-time flip, a property in a rural or tough market, or a deal that doesn't fit the typical lender box. With no appraisal requirements, flexibility for low-credit borrowers and foreign nationals, and options for rural properties and challenging markets, we can help finance opportunities that other lenders may pass on. Check out our Hard Money Loan Program Specialties below for solutions to your scenario!

No Appraisals

3rd Party Desktop Review Valuations - Close In Less than 7 Days, No Appraisal Required!

Rural Properties OK

Properties in Rural or Partially Rural Markets allowed with minor LTC reduction

Tough Markets

Available in Baltimore, Philadelphia, Chicago and Detroit - most other lenders won't touch!

First-Time Flippers

First-Time Investors Eligible with minor restrictions (5% lower LTC & just a quarter point extra fee!)

No Dutch Interest

Save on interest for undrawn funds on all but the smallest loans (required only on loans <$100,000)

Low Credit Okay!

Lending programs available for borrowers with <660 FICO as well as Foreign Nationals!