YOUR TRUSTED
HARD MONEY LENDER
Macoy Capital is your premier hard money lender. We specialize in fast, flexible, and tailored solutions to meet your lending needs. We offer customized bridge, fix and flip and ground-up construction loans to ensure borrower success.
Key Benefits of Our Hard Money Lending Services
Our streamlined approval process ensures you get the funding you need without unnecessary delays. We understand the urgency of real estate transactions and work diligently to provide expedited approvals.
We offer competitive interest rates and customized loan terms to cater to your investment objectives. Our goal is to make your investments successful and profitable.
With over 40 years of combined lending experience, our team of professionals will provide you with expert guidance and support you need throughout the lending process.
How to Apply for Hard Money Loan
Contact Us
Ready to get started with your hard money loan? Reach out to our team today by calling (310) 424-3587 or fill out the form below.
Loan Application
The application process is simple and straightforward. Apply for your hard money loan and our team will review your information promptly.
Lending Guidelines for Hard Money Loans
- Loan programs
- Bridge, Fix & Flip, Ground-Up & Horizontal to Vertical Construction
- asset/project types
- SFR 1-4, Subdivisions, Condos, Townhomes, Multifamily 5+ & Mixed-Use
- loan terms
- 6 - 24 Months w/ Extension Options
- transaction types
- Purchase, Rate/Term & Cash-Out
- Max Day 1 LTAIV / LTC / LTARV
- Up to 70% / 85% / 70%
- loan amounts
- $500,000 - $20,000,000+
- interest rates
- 9.50 – 11.99%
- origination fees
- Starting at 1.5%
- borrower recourse / guarantees
- Full Recourse / Personal Guarantees Required (limited by exception)
- lending markets
- Nationwide (major metro and secondary markets only)
Frequently Asked Questions (FAQ)
What is hard money?
HARD MONEY REFERS TO A TYPE OF SHORT-TERM, ASSET-BASED LOAN TYPICALLY USED IN REAL ESTATE TRANSACTIONS. IT IS OFTEN PROVIDED BY PRIVATE INVESTORS OR COMPANIES RATHER THAN TRADITIONAL BANKS AND IS SECURED BY THE VALUE OF THE PROPERTY BEING PURCHASED.
How does hard money differ from traditional mortgages?
TRADITIONAL LENDERS ARE TYPICALLY BASED ON THE BORROWER’S CREDITWORTHINESS AND INCOME, WHILE HARD MONEY LOANS ARE PRIMARILY FOCUSED ON THE VALUE OF THE COLLATERAL (PROPERTY). HARD MONEY LOANS ARE OFTEN QUICKER TO OBTAIN BUT COME WITH HIGHER INTEREST RATES AND SHORTER TERMS.
What are the typical terms of a hard money loan?
HARD MONEY LOANS USUALLY HAVE SHORTER TERMS, OFTEN RANGING FROM 6 MONTHS TO A FEW YEARS. HARD MONEY LENDER RATES ARE HIGHER THAN THOSE OF TRADITIONAL LOANS, TYPICALLY RANGE BETWEEN 7% AND 13% DEPENDING ON MARKET CONDITIONS AND OTHER FACTORS. ADDITIONALLY, HARD MONEY LOANS ARE ALMOST ALWAYS INTEREST-ONLY PAYMENTS.
When is it appropriate to use hard money?
HARD MONEY LOANS ARE TYPICALLY USED WHEN A REAL ESTATE INVESTOR NEEDS QUICK ACCESS TO CAPITAL FOR REAL ESTATE INVESTMENTS OR COMMERCIAL PROPERTY PURCHASES, AND TRADITIONAL FINANCING OPTIONS ARE NOT AVAILABLE OR TOO TIME-CONSUMING. THEY CAN BE USED FOR FIX-AND-FLIP PROJECTS, BRIDGE LOANS, OR WHEN A BORROWER HAS POOR CREDIT.
Who typically provides hard money loans?
HARD MONEY LOANS ARE TYPICALLY PROVIDED BY PRIVATE INDIVIDUALS, SMALL INVESTMENT FIRMS, OR SPECIALIZED HARD MONEY LENDING COMPANIES. THESE LENDERS ARE OFTEN MORE INTERESTED IN THE VALUE OF THE COLLATERAL PROPERTY THAN THE BORROWER’S CREDIT HISTORY.
What types of properties can be financed with hard money?
HARD MONEY CAN BE USED TO FINANCE VARIOUS TYPES OF PROPERTIES, INCLUDING RESIDENTIAL, COMMERCIAL, INDUSTRIAL, AND EVEN LAND. IT’S COMMONLY USED FOR REAL ESTATE INVESTMENT PROJECTS.
What is the loan-to-value (LTV) ratio in hard money lending?
THE LTV RATIO IN HARD MONEY LENDING REFERS TO THE PERCENTAGE OF THE PROPERTY’S APPRAISED VALUE THAT A LENDER IS WILL TO LOAN. IN HARD MONEY LOANS, LTV RATIOS OFTEN RANGE FROM 50% TO 70%, MEANING BORROWERS MAY NEED TO COME UP WITH A SIGNIFICANT DOWN PAYMENT.
Are there any upfront fees associated with hard money loans?
YES, HARD MONEY LOANS OFTEN COME WITH UPFRONT FEES, SUCH AS LOAN ORIGINATION FEES, APPRAISAL FEES, AND POSSIBLY OTHER COSTS FOR UNDERWRITING AND PROCESSING.
Can I use hard money for my primary residence?
WHILE IT’S NOT IMPOSSIBLE, HARD MONEY LOANS ARE TYPICALLY NOT USED FOR PRIMARY RESIDENCES DUE TO THEIR HIGH INTEREST RATES AND SHORT TERMS. THEY ARE MORE COMMONLY USED FOR INVESTMENT PROPERTIES.
What are the pros and cons of hard money loans?
A HARD MONEY LOAN OFFERS THE ADVANTAGE OF QUICK ACCESS TO CAPITAL, MAKING IT AN EXCELLENT OPTION FOR TIME-SENSITIVE REAL ESTATE INVESTMENTS. THESE LOANS ARE OFTEN BASED ON THE PROPERTY’S VALUE RATHER THAN THE BORROWER’S CREDIT, ALLOWING INDIVIDUALS WITH LESS-THAN-STELLAR CREDIT TO SECURE FINANCING. MOREOVER, HARD MONEY LENDERS MAY BE MORE FLEXIBLE IN THEIR APPROVAL PROCESS. THE SHORT-TERM NATURE OF HARD MONEY LOANS CAN ALSO BE SEEN AS A PRO, AS THEY ARE IDEALLY SUITED FOR FIX-AND-FLIP PROJECTS OR SHORT-TERM INVESTMENTS.
