Hard Money Loan Program

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Hard Money Loan Program

A "hard money" loan is a short-term bridge loan used to acquire or refinance a property when conventional financing is not available or will simply take too long to close. A hard money loan is a great fit in the following situations:
  • When you need to close fast (in less than 2 weeks).
  • When the property is not generating any income (not leased).
  • When the property needs renovations.
  • When you don't have great credit (below 620)
  • When you can't provide verifiable income (no tax returns available).
  • Foreign National Borrower
  • At World's Fair Capital, our hard money loans close very quickly... even in as little as 3 days! Our hard money loans require no personal income verification and very little documentation!
What is a hard money loan typically used for? A hard money loan also known as an asset based loan is traditionally used to finance the acquisition of a property, as well as improvements or renovations for real estate investors or as a short term financing solution for borrowers who can not qualify with a conventional bank. In the case of a real estate investor, after the renovation is complete the property will be sold or leased up. The hard money loan will then be refinanced with a lower rate & longer term permanent financing. Essentially, hard-money loans "bridge" the gap for the investor until permanent financing becomes available or the property is sold.

Program Overview

  • Loan Amount:             $100,000 - $25 Million


  • Term Length:               6 - 36 months


  • Max LTV:                      Up to 65%


  • Amortization:               Interest only


  • Interest Rate:               Starting at 11.49%


  • Closing Time:               3 - 10 Days


  • Use:                              Purchase, refinance, cash-                                          out, construction, and                                                  renovation


Pro's about Hard Money Loans

  • Flexibility
  • Quick closing in 3 - 7 Days
  • Interest-only payments
  • Wide range of property types
  • No Income Documentation
  • No Minimum credit requirement
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What Do I Need To Qualify?

  • Simple Equity in the property!
  • Origination Fee: 1.50% - 2.75% of the loan amount
  • No Prepayment Penalty
  • No Appraisal Necessary
  • 600- Credit Up to 65% LTV
  • 600+ Credit Up to 80% LTV
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 Eligible Properties for Hard Money Loans


Single Family

Single Family is classified as one to four-unit residential use dwellings including condominium, P.U.D., townhomes, duplex’s, triplex’s, and quadplex’s. At World's Fair Capital, we will lend to real estate investors and entities looking to purchase, refinance, fix & flip, or buy to rent from $75,000+.


Multi Family

Multi-family is a classification of housing where multiple units (5+) for residential use are contained within one or more buildings within one community or complex. At World's Fair Capital, we will lend to real estate investors looking to purchase or refinance multi-family properties with loan amounts of $250,000+.


Mixed Use

Mixed-use is a type of development that blends residential and commercial uses into one integrated complex or building. At World's Fair Capital, we will lend to real estate investors in the following scenarios: purchase, refinance, bridge to stabilization, bridge to sale, or bridge to construction take out on mixed use projects with loan amounts from $250,000+.





Retail

Retail is any property used for commercial retail space such as a storefront for selling goods or services. World's Fair Capital will lend to real estate investors and business owners who are looking for a loan for: purchase, refinance, bridge to stabilization, bridge to sale, or bridge to construction take out from $250,000+.


Office

Office is a property classification which generates income from tenants comprised of businesses and professionals. World's Fair Capital will lend to real estate investors and business owners who are looking for a loan for: purchase, refinance, bridge to stabilization, bridge to sale, or bridge to construction take out from $250,000+.


Hospitality

World's Fair Capital will lend to experienced operators with a flag in the hotel and lodging sector. Loan amounts are $500,000+.


Common uses include:Acquisition, refinance, cash-out, renovation / construction


Other eligible properties include: Self storage, senior housing, marinas, parking facilities, automotive