FAQ's
Frequently Asked Questions
What is a hard money loan?
A hard money loan is a specific type of asset-based financing where a borrower receives funds secured by equity in real estate. A hard money lender like Funding Solutions Financial is mainly focused on the equity in real estate as opposed to borrower credit and financials. Our hard money loans are used for projects lasting anywhere from one to three years.
How long does the loan process take?
Because we are a direct hard money lender, we typically can approve loans in 24 hours and fund loans within 7 to 12 days from initial contact. Our automated hard money loan process and direct access to capital allows for quick decisions and funding.
What if I have a low credit score?
Funding Solutions Financial focuses mainly on the equity in the property to secure the loan so we are able to look beyond borrower past circumstances. We will make every attempt to structure a hard money loan and work directly with you to ensure you get the funding you need at the best terms possible.
What types of loans do you do?
We fund Non Owner Occupied Properties : Rehab Loans , New Construction, Buy & Hold , Short Term & Long Term Refinances (No seasoning) , Cash Out and Rate & Term Refinances (No seasoning) . All loans must be in the entities name .