How it works
A hard money loan is sized on the property, not your income. For a fix & flip, lenders typically fund up to 90% of the purchase price plus 100% of the rehab, capped at a percentage of the after-repair value (ARV). Bridge loans are usually sized on the as-is value.
Frequently asked questions
How is a hard money loan amount calculated?
For fix and flip loans, the loan is usually the lower of (a) a percentage of purchase price plus the rehab budget and (b) a percentage of the after-repair value. Ambition Lending funds up to 90% of purchase and 100% of rehab, not to exceed 75% of ARV.
What are typical hard money rates and points?
Ambition Lending’s typical range is 8–12% interest and 2–4 points, depending on leverage, experience and the deal.
Is the rehab money paid up front?
No. Rehab funds are held and released in draws as work is completed and inspected, so your cash at closing covers the down payment, points and closing costs.
