Direct Hard Money Lenders in New Jersey, New York and Pennsylvania lending to Real Estate Investors Nationwide

The Leading Lender for Real Estate Investors

New Jersey, New York and Pennsylvania Hard Money Lenders lending Nationwide

Investment Property Loans – Fix and Flip Hard Money Lenders

Hard Money Lenders Funding in as little as a week!

Submitting your Investment property Loan or fix and flip hard money loan application is quick and easy.

American Association of private lenders member

As New York, Pennsylvania and New Jersey Hard Money Lenders, we provide investment property loans nationwide

Since 1998, HardMoneyMan.com LLC has been making hard money loans to real estate investors nationwide. We are celebrating 26 years of providing investment property loans to real estate investors in 2024.

In the 26 years we have been hard money lenders and private money lenders, we have closed and funded over 26,000 investment property loans totaling over $3.5 billion in transactions.

We are known for our industry expertise and quick closings. Get in touch with us if you’re looking for fast closings, no BS, and a lender you can trust!

HardMoneyman.com LLC is the #1 rated nationwide hard money lender on Hard Money Advisor as well as a member of the American Association of Private Lenders.

Would you like to know how to choose the right hard money lender in 2023 for investment properties? The best hard money lenders for 2023 can be found in our latest article, “How to choose a hard money lender.”

Real estate investors who are successful will tell you that finding a competent, reliable lender is crucial to their success. The last thing you want to worry about when dealing with a hard money lender is “will the lender’s funds show up at closing?”

With Hardmoneyman.com you don’t have to worry about that! Our previous clients speak for us!

     Excellent  
     Based on 25 reviews 
    
 
 
   
 
 
        
   Shaun Dozier 
 2022-10-27
 
 
  My company has closed over 5 deals with Ken Vesely . He's very knowledgeable and will get it done . Good communication and responsive!
  
 
       
   Demetri Williams 
 2021-04-09
 
 
  This is the best lender I've used for all my deals. Very fast and efficient. Never any glitch always a smooth sail to closing. Don't waste your time using someone else.
  
 
       
   Dario Olivere 
 2021-01-05
 
 
  I have closed multiple deals with Ken. He’s to the point, very straight forward and won’t lead you on. He’s  helped guide me along the way. I will always recommend him to my friends and I will always use him for my deals.
  
 
       
   Tom Tinsey 
 2021-01-05
 
 
  This was my first time using any type of hard money financing so I had tons of questions along the way. Ken answered every one and even helped me out a lot with great recommendations as far as building my real eatate portfolio. Look forward to working with him on future deals and would recommend.
No nonsense. No bs. All buisness!!
  
 
       
   Brandi Pernell 
 2021-01-05
 
 
  The experience my husband’s and my company (Kingdom Realty, LLC) had with HardMoneyMan.com, LLC/Ken Vesely was five-star, from our very first interaction to closing. Ken is efficient, responsive, transparent and extremely knowledgeable. He kept his word on all things discussed, with no surprises along the way, which is extremely important with matters such as these. This was Kingdom Realty LLC's first experience with a hard money loan. Ken took the time to answer all of our questions and taught us a lot throughout our loan approval process. We closed our deal in less than 30 days; and would have closed sooner had it not been for the holidays. We are very much looking forward to working with HardMoneyMan.com LLC for our next deal, and strongly recommend this company to others looking to invest in real estate, close a deal quickly, and learn some tips along the way.
  
 
       
   Christian Rodriguez 
 2020-10-22
 
 
  I have worked with Ken multiple times and every transaction was a breeze if I have to recommend a straight forward Hard Money Lender, Ken is the man to go with
  
 
       
   Christina McCann 
 2020-03-03
 
 
  Great company great experience
  
 
       
   Joe Matthews 
 2020-01-09
 
 
  Dealing with Ken and his team is flawless. The process is very streamline from start to finish with excite communication throughout the process

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We are rated the best hard money lenders for beginners

Everyone needs to start somewhere! We have made it our mission to work with the most inexperienced investor up through those with tons of experience. The only loan program that is not available to beginners is our spec construction program. All of the other loan programs are available to 1st time investors.

The market leading lender for investment property loans and fix and flip lenders based in NJ

Hard Money Loan FAQ’s from HardMoneyMan.com

Is your company a direct lender?

We are a direct lender. What this means is we do not have to go out and search for money to lend on your deal, we are the decision maker and checkwriter.

What credit score is needed for a hard money loan?

A minimum FICO score of 660 is required for rental loans. For fix and flip rehab loans, we will go to 620, and for ground-up construction and mixed-use properties, we will go to 680.

Can you tell me where you are located?

Our office is located on the Jersey shore. When we first opened we were located on Long Island in New York, however we still run our underwriting and processing out of our New York City location.

How do hard money lenders work?

Real estate investors use hard money lenders to purchase fix-and-flip or buy-and-hold properties. In most cases, these loans are secured by the property instead of the borrower's credit or financials, and are based on a percentage of its value. While hard money lenders provide quick access to capital, their interest rates tend to be higher than those of traditional lenders. In addition, they require more paperwork and have stricter approval guidelines. Aside from closing costs, borrowers must demonstrate that they have the funds to make monthly payments. Understanding the terms and conditions of a hard money loan is important before applying. Find a lender that offers competitive rates and terms that meet your needs by researching different lenders.

How much do hard money lenders charge?

Hard money lenders price their loans based off several factors and the loan type. On short term 1 year loans (fix and flip, construction, stabilized bridge), rates are determined by the borrowers experience with rates in the 10-12% range.

When it comes to hard money loans, do you charge upfront fees to borrowers?

Never, ever! Our borrowers do not pay us upfront. Direct payment will be made to the appraiser. Brokers are typically the only ones who charge upfront fees. We don’t deserve to get paid if we can’t close your loan.

What types of hard money loans do you offer?

Our hard money loans are available for non-owner occupied and investment properties. We never make loans for houses that our borrowers intend to live in.

What do hard money lenders require?

To fund a hard money loan, we require a purchase contract (or HUD from the purchase), rehab budget (if this is a fix and flip), bank statements, entity documents, credit report, background report, appraisal (we order the appraisal).

What do hard money lenders look for?

Hard money lenders look for a variety of things when looking at a deal to fund. Below are some of the items we consider 1. is the borrower a citizen, foreign national or green card holder? 2. Is the borrowers deal profitable? If they hold the loan for a year will they make money? 3. borrowers experience level 4. borrowers background - We conduct a background check. The majority of issues can be explained with a simple letter of explanation, but financial crimes, federal drug and weapons charges are a no-no. 5. Is the borrower willing to sign a personal guarantee for their loan? On all rehab/construction loans, a personal guarantee is required. Loans on portfolios can be made on a non-recourse basis. 6. Does the borrower have a corporation or LLC to close their loan under to take title of the property? 7. Does the borrower have the required down payment and reserves to qualify?

How fast can you close my hard money loan?

The closing process for a hard money loan typically takes 7 to 20 days. In any case, the exact timeline can vary depending on the lender and the specifics of the loan. Lenders are generally able to provide capital quickly and without a lengthy application process. Rather than relying on traditional lending arrangements, investors are able to close on their investments more quickly. Some hard money lenders may also work with borrowers and provide special accommodations if they need funds more quickly than usual. This could include shortening the loan term or waiving certain fees associated with closing on the loan. A hard money loan is an efficient way for investors to access capital quickly so that they can take advantage of attractive investment opportunities as soon as possible. A loan closing typically takes between seven and twenty days, but in some cases a lender may be able to shorten this timeline.

Do you make hard money loans for beginners?

Of course we make hard money loans for beginners. You have to start somewhere right?

Is it possible to get 100% funding for my deal?

100% financing is not available for purchase money deals. We can lend you 100% of the rehab funds if you own a property free and clear. (The same applies to building a house on a free and clear lot.)

Could you tell me what kind of properties you will lend on?

We make hard money loans on the following types of properties: Residential properties with 1-4 families Condominiums Mixed use Apartment buildings with five or more units We can loan funds for both lot purchase and ground up construction (only if we loan both funds at the same time)

Are You Ready To
Get Your Hard Money Loan?

We won’t waste your time. Let’s get your next fix and flip project funded.

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Submitting your application package is quick and easy.

States that we lend in: