Hard Money Loans

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Hard Money Loans
Loan ProgramHard Money
Loan Amount$50,000 – $500,000
Interest Rate8.99%-11.99%
Origination Fees2-3%
Lender Fees$1,495
Loan Term12 months
Extension Fees1% for 3 month
Fix & Flip Max LTARV70%
Max LTC100%
Min Credit Score600
Upfront FeesNone
Prepayment PenaltyNone
Roll Points into LoanYes, .5pt premium
Payments DueMonthly IO
3rd Party Servicing Fee$15/mo
Draw Request Fee$200
Buy and Hold Max LTARV75%

Hard Money Loan

A private money or hard money loan is a short-term loan secured by the property itself and used by investors to purchase and repair a property before sale. Real Estate Investors typically use hard money loans to purchase, rehab, and sell a property within 3 months to a year. These loans are ideal for financing  properties in poor condition or when you need to close quickly.

Hard money loans, also referred to as rehab loans or private money loans, have lower qualifications and require significantly less paperwork for approval compared to banks. Most of our Freedom Money customers receive funding within 2 weeks. Freedom Private Money and its underwriting guidelines care more about the property and its potential after repair value (ARV) than about the borrower’s background as the loan is guaranteed by the property. However a higher credit score will earn you a lower interest rate.

Freedom Private Money is a hard money lender that helps experienced flippers and landlords finance investment projects.


This overview provides common loan program guidelines for Freedom Private Money, LLC. Layering of risk attributes may affect the eligibility of loans meeting the general requirements above. Layering will be evaluated on a case by case basis and initial loan approval will be given prior to any loan disclosures being delivered. Exceptions may be accepted for certain transactions. This overview is not all inclusive and is subject to change without notice. Please see for Freedom Private Money’s Underwriting Requirements for additional information.