866-461-2695 ken@hardmoneyman.com

Short Term Rental Loans

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For borrowers looking to purchase or refinance a turnkey property

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Flip a rehabbed property or keep it as rental

Get More Investment Dollars with a Cash Out Refinance

This program is for borrowers looking to purchase or refinance a turnkey property as a short-term bridge. You can use this in several ways.

  • Rehab was just completed; you want to rent it for a year or 2 and then sell it
  • You’re buying a turnkey rental and the rents are below market and won’t debt service for a 30-year loan, this gives you the capital to acquire and raise the rent, then qualify for a 30 year loan.
  • You just finished the rehab and need to get some of your cash out – only 90 day seasoning required if you have a mortgage on the property, 180 day seasoning on title if its owned free and clear (this is to use the ARV not the purchase price as the value)
  • You have a free and clear property and need cash quickly to buy another property.

Submitting your application package is quick and easy.

Hassle Free Purchase Money Loans

We only accept investment properties (1-4 unit residential), townhouses and warrantable condos for this type of loan. We will NOT lend on owner occupied homes. All properties must close in a Corp or LLC name.

Many of our borrowers use their own funds to purchase properties for cash and then use our purchase money and cash out refinances program to pull either some equity back out of the property to fund their next deal, this program is ideal for those that just rehabbed a property and either its rented or vacant, and they want to cash out to do their next deal. Both our Hard Money purchase money and cash out refinances as well as our Soft Money purchase money and cash out refinances can close in a short amount of time.

Cash Out Refi Loan Requirements

  • 620+ Mid Credit Required
  • Loan Amounts from $50K to $7.5M
  • Rates Starting From 7.49% (10+ flips or rentals owned last 36 months) , Starting at 8.5% (3-9 flips or rentals owned last 36 months) , Starting at 11.5% (0-2 flips or rentals owned last 36 months)
  • 1-4 unit residential only, townhouses and warrantable condos
  • Available in 45 States + Washington DC
  • No pre-payment penalty on the 1-year bridge
  • 6-month pre-payment penalty on the 2-year bridge
  • Direct Lender
  • Fast Closings
  • Brokers always protected
  • Lot size must be 2 acres or less – NO rural properties
  • Loan to Values
    • Purchase – the lesser of 80% of the as is value or up to 80% loan to cost
    • Refinance – Up 75% of the as is value
    • Cash out refinance – Up to 70% of the as is value

Same Day Decisions. 7 Day Closings. 

Get Your Pre-Approval

Step 1 of 3

Please answer a few questions to see if your loan scenario is eligible for one of our hard money loan programs, or our landlord 30 year program.
Do you live at the property?(Required)