FAQs
You’ve got questions. We’ve got answers.
How can I apply for a private loan?
Complete our online application. A loan officer will review it and contact you within 3 business days.
Are hard money loans available for first-time real estate investors?
No. First Lien Loans works only with experienced real estate investors and operators.
Do you do FHA or VA loans?
No. We only offer private, asset-backed lending.
Do you offer loans not secured by real estate?
No. Every loan we make is secured by real estate collateral. We do not offer personal, business, or equipment financing.
Can the property be owner-occupied?
No. Financing is only available for non-owner-occupied residential or commercial investment properties.
How much will it cost me to get a private loan?
Costs vary depending on loan size, property type, and investment strategy. Each deal is evaluated individually. It’s free to apply, and you can review our Loan Qualification Checklist for details on typical rates and fees.
Can I get a hard money loan with bad credit?
Hard money loans are often available to borrowers with poor credit, but every lender has different requirements.
At First Lien Loans, we look at your credit score, but weigh your overall credit history, consistency of financial responsibility, prior real estate track record, and your strategy for success in this real estate investment more heavily.
How does the repayment structure work for a hard money loan?
Our loans are interest-only with a return of capital at maturity, which repays the full principal.
Why choose a hard money loan instead of a bank loan?
Hard money lenders and banks have different risk tolerances. Hard money loans give investors speed and flexibility that banks can’t match. They’re often the right fit when:
- A property is distressed, unconventional, or needs to close quick
- A borrower has credit challenges or irregular income
- A bank’s lengthy process or rigid terms would cause you to miss an opportunity
Because they’re backed by private capital, hard money loans can be funded faster and with fewer hurdles. The trade-off is cost: interest rates and fees are typically higher than with bank loans. For many experienced investors, the ability to move quickly outweighs the added expense, but you’ll know the best partner for you.
What documents do you require?
Requirements vary by deal. Common documents include:
- Government-issued photo ID (passport or driver’s license)
- Proof of Entity Ownership
- Completed application
- Bank statements
- Current credit report
- Purchase agreement or recent mortgage statement
- Recent appraisal, comparable properties, trading prices (comps) or broker price opinion (if available)
- Rent roll (if applicable)
- Scope of work/budget (for rehab or renovation projects)
A tailored document list will be provided after our intro call.
What types of projects do you fund most?
We fund a mix of investment properties with experienced operators on fix & flips, rentals, and repositioning, multifamily properties, along with rehabs and other income-producing investments.
Do you service my loan?
Yes, you work directly with us.
Invest in your next real estate project with private capital.
Get access to private loans for fix & flips, rehabs, repositions, and rentals—with fast decisions, flexible structures, and quick closings.