Hard Money vs Conventional Loan
Speed and flexibility versus the cheapest long-term money.
A conventional loan is usually the cheapest money if the property is move-in ready and you can document your income, but it is slow and rigid. A hard money loan is fast, asset-based, and short-term, made to win competitive or distressed deals a bank will not touch on time. Many investors buy and renovate with hard money, then refinance into conventional or DSCR financing once the property qualifies.
If the property will not pass a conventional appraisal or you need to close fast, hard money gets the deal done. Once the property is stabilized and rented, refinance into conventional or a DSCR loan for the long-term rate.
Rates and terms shown are typical figures, subject to underwriting and market conditions. Not a commitment to lend.
Common questions
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