Short-term, asset-based financing for flips and new construction. Size the loan by loan-to-cost or after-repair value, then see payments, points, cash needed and projected profit.
Hard money loans are short-term, interest-only in most cases, and paid off with a balloon at sale or refinance. Lenders typically fund 65–75% of ARV or 80–90% of cost, charge 1–4 points, and price rates in the 9–14% range. These figures are estimates for planning only — actual terms, draw schedules and fees come from your lender's term sheet.