Hard Money

What is Hard Money?

Many hard money mortgages are made by private investors, generally in local areas (in our case, Pacific Northwest). Usually the credit score of the borrower is not important, as the loan is secured by the value of the collateral property. Typically, the biggest loan one can expect would be between 65% and 70% of the property value. That is, if the property is worth $100,000, the lender would advance $65,000–70,000 against it. This low LTV (loan to value) provides added security for the lender, in case the borrower does not pay and they have to foreclose on the property.

At Westar Funding we give solutions to your client that a bank or traditional lender cannot, that’s the bottom line; we deliver in ways other lenders only wish they could. Think private money. Think fast, easy paperwork. Think common sense underwriting and twenty-four hour approvals.

Our programs accommodate any situation that may not meet restrictive traditional underwriting standards. In short, we are a make-sense HARD MONEY lender with basic underwriting. It doesn’t get any simpler than this; approvals are based on equity and ability to pay.

Rehab & Mobile/Land

available in the pacific northwest