top of page
FREQUENTLY ASKED QUESTIONS
Hornet Capital has a long history of providing quality hard money loans, gap loans, and bridge loans. 15 years providing solutions.
-
What is a hard money loan?A hard money loan is any loan secured by a “hard asset” like commercial or residential real estate. It is sometimes called a bridge loan, private capital loan or private loan. A hard money loan is a first mortgage on investment real estate. A hard money lender looks to the property as the primary collateral as opposed to the borrowers credit score or other factors. A hard money loan is an alternative to a traditional bank loan.
-
What is your min/max loan amount?We lend from $50k to $20 million, depending on the property type, location, loan to value, etc.
-
Why use a hard money loan?A hard money loan is used for various reasons. The number one reason is time. The loan needs to close quickly for whatever reason. Our average close time is 5-10 days (depending on property, location, etc…). Hard money loans can also be utilized when conventional financing is not an option including credit scores, income statements, etc…
bottom of page