What is a hard money loan?

A hard money loan is a short-term, asset-based loan secured by real estate. It focuses on property value and deal potential, not personal income.

What loan programs do you offer?

We offer Fix & Flip Loans, Bridge Loans, DSCR Loans, Multifamily Bridge Loans, Commercial Bridge Loans, and New Construction Loans for investors nationwide.

Do you work with first-time investors?

Yes. We fund both new and experienced investors who have solid plans, clear exit strategies, and reliable contractor support.

What are typical loan terms?

Short-term loans typically run 6 to 36 months and are interest-only. DSCR rental loans can go up to 30 years.

What leverage do you offer?

We lend up to 90% of the purchase price and 100% of rehab costs, not exceeding 75% of the property's After-Repair Value (ARV).

What are your rates and fees?

Rates vary based on property type, leverage, and borrower experience, typically starting in the low double digits for short-term loans and high single digits for DSCR loans.

Do you charge upfront fees?

We may charge a small due diligence or processing fee to cover third-party costs like appraisal or title. All fees are disclosed upfront—no surprises.

Can I repay early without penalties?

Yes. Most Ambition Lending programs have no prepayment penalty, allowing early payoffs or refinances without extra cost.

Hard Money Loan FAQs | Real Estate Investor Loan Questions

FAQs Page

FAQs

General Lending Questions

What is Ambition Lending?

Ambition Lending is a private and hard money lender providing fast, flexible financing for real estate investors nationwide. We fund fix & flip projects, bridge loans, DSCR rentals, multifamily, and new construction — all built for speed and reliability.

Do you lend on owner-occupied homes?

No. Ambition Lending only finances investment properties. We do not offer consumer home loans or owner-occupied mortgages.

What states do you lend in?

We lend in most U.S. states. Some state-specific restrictions apply — contact us for details about your project location.

How fast can you close a loan?

We can typically close in as fast as 3–7 business days with a complete file. Speed depends on property type, title, and appraisal timing.

What’s the difference between a hard money loan and a traditional bank loan?

Hard money loans are based on the property and deal, not your income or credit. Banks focus on your financial history — we focus on your investment opportunity.

Do you pull credit reports?

Yes, we perform a soft credit check, but our main focus is the property’s value and your exit strategy.

What is an “exit strategy”?

Your exit strategy is how you plan to pay off the loan — such as selling the property, refinancing, or converting to a long-term DSCR loan once stabilized.

Can first-time investors qualify?

Yes. While experience helps, we fund both new and seasoned investors with strong business plans and reliable contractors.

How do I apply for a loan?

Click “Get My Term Sheet” anywhere on the site and fill out the short form. Our team will review your deal and send you a term sheet within 24 hours.

FAQs

🔹 Fix & Flip Loan Questions

How much can I borrow for a fix and flip loan?

We lend up to 90% of the purchase price and 100% of the rehab costs, not to exceed 75% of the After-Repair Value (ARV).

How are rehab funds released?

Draws are released in stages after verified progress inspections — usually within 24–48 hours of approval.

What are your fix & flip loan terms?

Terms typically range from 6 to 18 months, interest-only.

Can I use a fix & flip loan for multiple projects at once?

Yes. We work with repeat investors who manage multiple properties and offer portfolio-level funding for qualified borrowers.

FAQs

🔹 Bridge & Multifamily Bridge Loans

What is a bridge loan?

A bridge loan is short-term financing used to acquire, refinance, or stabilize a property before long-term financing or sale.

What types of properties qualify for bridge loans?

Single-family investment properties, multifamily buildings, and mixed-use commercial properties.

How long are bridge loan terms?

Typically 6–36 months, with interest-only payments.

Do you fund value-add or distressed assets?

Yes — our bridge program is designed for properties needing renovations, lease-up, or repositioning.

FAQs

🔹 DSCR (Debt Service Coverage Ratio) Loans

What is a DSCR loan?

A DSCR loan qualifies based on the property’s cash flow, not your personal income. If the property’s rent covers its expenses, you qualify.

What DSCR do I need to qualify?

Generally 1.0x or higher, meaning the property’s income equals or exceeds its debt payments.

Do you offer 30-year terms?

Yes — we offer 30-year fixed and adjustable-rate DSCR loans for rental properties.

What property types qualify for DSCR loans?

1–4 unit rentals, condos, townhomes, and small multifamily properties.

Do you require income documentation for DSCR loans?

No personal income or employment verification is required — qualification is based solely on property cash flow and credit.

FAQs

🔹 New Construction Loans

Do you fund ground-up construction?

Yes. We finance new construction for residential, multifamily, and mixed-use projects.

How are construction draws released?

Based on completed milestones. Inspections are quick, and draws are typically funded within 48 hours.

Can I finance land purchase and construction in one loan?

Yes, depending on the project stage and entitlement status.

Do you require experience for construction loans?

Yes — borrower or builder experience is required for ground-up projects.

FAQs

🔹 Rates, Terms & Fees

What are your typical interest rates?

Rates vary by loan type, leverage, and borrower experience, but typically start in the low double digits for short-term loans and high single digits for DSCR loans.

Are there upfront fees?

We may charge a small due diligence or processing fee to cover third-party costs (appraisal, title, etc.). All fees are disclosed upfront — no surprises.

What are “points” on a hard money loan?

Points are a one-time origination fee charged as a percentage of the loan amount (usually 1–3%).

Can I pay off my loan early?

Yes. Most programs have no prepayment penalty for early payoff. DSCR loans offer flexible prepay options depending on your strategy.

FAQs

🔹 Process & Documentation

What documents do I need to apply?

Basic property details, purchase contract (if applicable), rehab budget or pro forma, and entity documents (LLC, operating agreement, etc.).

How do you evaluate the property?

We review market comps, rent roll (if applicable), and third-party valuation or appraisal depending on loan type.

Can I get pre-approved?

Yes — we offer quick pre-approvals so you can make competitive offers with confidence.

What happens after I accept a term sheet?

Once you sign and pay the due diligence fee, we begin underwriting and schedule closing — typically within 7–10 days.

FAQs

🔹 Payments & Servicing

How do I make loan payments?

Payments are typically made monthly via ACH or wire transfer. Your loan servicing details will be provided at closing.

Do you report to credit bureaus?

No — our loans are business-purpose and do not appear on personal credit reports.

FAQs

🔹 Compliance & Borrower Type

Do you lend to LLCs and corporations?

Yes — all loans are made to business entities (LLCs, corporations, or trusts).

Are your loans consumer-purpose or business-purpose?

All loans are business-purpose for investment properties only.

Do you work with brokers?

Yes. We partner with brokers and referral partners nationwide. Submit your deals through our broker portal or email our team for access.

Does your company open job vacancies?

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How do I contact Loaner for appointment?