Hard Money is the term used for loans funded by private parties that cannot be funded by conventional lending institutions. There are many types of hard money loans. Other common names for hard money loans are: private, asset-based, bridge & interim.

Generally, hard money loans are contracted for a short-term – between 6-18 months on average. A real estate investor would not want their loan for a long period of time because the interest rates are typically higher than traditional loans.

While there are many different use cases, investors typically choose to use hard money because: a) They require a quick closing and their bank can’t make the deadline. b) They have an excellent investment opportunity but don’t have sufficient financial strength to get a bank loan. c) They need more leverage than a bank is willing to give. d) The property needs to be rennovated or stabilized before a bank will agree to permanent financing at traditional rates.

EQS has many loan programs: - Fix & Flip loans are our most popular & provide financing for the purchase and rehab of non-owner occupied residential and muli-family investment properties. - Alternative Fix & Flip loans are also available to provide financing for the rehab of other assets such as vintage automobiles, RVs & boats - Our Bridge Loan program provides investors funding for the acquisition and refinance of residential, multi-family, mixed-use, and commercial investment properties. - Refinance or Cash-Out programs allow investors to use the equity in a property they already own for refinance, rehab or improving their property. Or just take cash out. - New Construction loans can get you the financing you need to cover the cost of the building process.

To date we have funded loans in 10 states: CT, MA, RI, NY, VT, NJ, PA, MD, FL & CO.

EQS Capital makes its lending decisions based heavily on the project’s Loan to Value (LTV) ratio. In addition to the LTV, the Loan to Cost (LTC) ratio is considered. These ratios measure the risk of the loan by comparing the loan amount to the cost of the project and the value of the asset. The After Repair Value (ARV) is also considered. We can provide financing from $100,000 – $5,000,000 with LTV not to exceed 75%.

We are a 1st lien lender for deals secured by real property. Having experience is very helpful but we do lend to first time borrowers. We do evaluate credit background of the deal principals, however we have no FICO minimum. In almost all cases, borrowers will be required to bring some cash to closing and on occasion will be asked to provide personal guarantees.

Our rates and points are generally fixed but can vary slightly depending on the borrower and the specific project. Interest Rate: Interest rates are higher than for traditional loans, but the loan term is much shorter. So it is always wise to consider the actual dollars that will be paid during the term of the loan, rather than the APR. Points: Points are calculated as a percentage of the loan amount. This is the charge for originating the loan. These are typically between 2-4 percent of the total loan amount. The actual points charged on your loan will depend on the loan-to-value (LTV) ratio of your deal, the interest rate charged and the risk associated with the loan. Processing and Underwriting Fees: There will be a fee to process the loan application and documentation in order to underwrite the loan. Appraisal Fee: Typically the borrower pays a fee for an appraisal by a licensed appraiser.

No! You may pay off your loan anytime prior to maturity without incurring a prepayment penalty. In fact, it is always an exciting moment when we receive a borrowers request for loan payoff.