Hard Money / Asset Based Lending
Finance your real estate project fast with Patriot Funding
Hard Money/Asset Based Loans
Patriot Funding, Inc has structured many Hard Money loans for Businesses & Borrowers who are either in challenging situations, or looking to take advantage of a great deal and need to close quick. Hard money often does not require an Appraisal, Hard Money can generally close in as soon as 7 to 10 days depending on the transaction, more difficult transaction upwards of 14 to 21 days. Hard money can be priced as low as 8% with 4 to 5 points, upwards of 15% with 10 points, this all depends on the complexity and the risk associated with the type of property and the realistic exit plan.
No Prepayment Penalty
Interest Only Payments
Terms up to 3 Years