Hard Money Loans
Fast, asset-based financing designed for real estate investors who need to move quickly and close with confidence.
What Are Hard Money Loans?
Hard money loans are short-term, asset-based financing solutions secured by real estate. Unlike conventional loans, approval is based primarily on the property’s value and equity position rather than the borrower’s income, credit score, or tax returns — making them the fastest and most flexible tool in a real estate investor’s capital stack.
How they work: Lenders advance 60–75% of the property’s current as-is value (LTV) or up to 65–70% of the After Repair Value (ARV) for renovation projects. Terms run 6 to 24 months, with interest-only payments and rates typically between 9% and 14% depending on LTV, property type, and borrower experience. Loan amounts range from $75,000 to $5,000,000+.
Speed advantage: Hard money transactions routinely close in 5–10 business days — critical for auction purchases, foreclosure acquisitions, and competitive off-market deals where conventional financing timelines cost you the contract.
Processed through Gloven Capital — These products are originated through Gloven Capital, Glovenco’s dedicated real estate capital division. You can also apply directly at glovencapital.com.
Who this is for:
- Fix & flip investors needing fast acquisition and renovation capital
- Investors purchasing at auction or foreclosure sale
- Borrowers with strong equity but imperfect credit or non-traditional income
- Developers bridging from construction to permanent financing
- Investors buying distressed assets not eligible for conventional loans
- Experienced investors closing multiple transactions simultaneously
Key Benefits:
- Close in 5–10 days — compete with cash buyers
- No W-2s, tax returns, or DTI calculations required
- Finance properties in any condition, including distressed and non-warrantable
- Interest-only payments keep cash flow flexible during the hold
- Exit via sale or refinance into long-term DSCR or conventional financing
- Real estate investors
- Fix & flip projects
- Bridge financing scenarios
- New construction and development
- Land acquisitions
- Borrowers with time-sensitive opportunities
- Fast closings
- Short-term, flexible financing
- Less documentation than traditional loans
- Focus on asset value, not just borrower profile
- Ability to compete in competitive markets
- Keeps projects moving without delays
⭐ Basic Qualification Requirements
🟢 Investment property (purchase or refinance)
🟢 Clear title or ability to clear title
🟢 Sufficient equity or down payment
🟢 Defined project or exit strategy
🟢 Experience preferred but not always required
⭐ Common Use Cases
🟢 Fix & Flip renovations
🟢 Bridge financing between transactions
🟢 Auction or foreclosure purchases
🟢 Construction and development projects
🟢 Quick-close acquisitions