Loan programs
Hard Money and Construction Loans
Financing for fix and flips, heavy rehabs and ground-up construction.
Hard money and construction loans fund projects where the property's value comes from the work you will do: a fix and flip, a major renovation or a new build. Lenders look at the project as much as the borrower, including the budget, the scope of work and the expected value after it is finished.
Construction and rehab funds are usually released in draws as work is completed and inspected. We help you put together a clean budget and timeline so the draws keep pace with your project.
Projects we finance
Fix and flips, heavy rehabs, additions and conversions, ground-up single family and small multifamily construction, and lot purchases with a construction plan. Each lender has its own guidelines for project size and experience.
How draws work
At closing, part of the loan typically goes toward the purchase. The renovation or construction funds are held back and released in stages. After each stage, an inspector confirms the work and the lender releases that draw.
What lenders look at
The purchase price and the expected value after the work, a line-by-line budget and scope of work, your timeline, your contractor and your experience with similar projects. A clear plan for selling or refinancing at the end matters too.
What to have ready
The property address and purchase contract, your budget and scope of work, plans and permits for new construction, your contractor's details and a list of past projects. We help you tighten each piece before it goes to the lender.
Questions about Hard Money and Construction Loans
Can a first-time flipper get a hard money loan?
Some lenders work with newer investors, often with closer review of the budget and contractor. We look at your situation and point you to lenders that fit your experience.
Do construction loans cover the full budget?
It depends on the lender, the project and your experience. We review the numbers with you so you know how much of your own cash the project needs before you start.
What happens when the project is finished?
Most borrowers sell the property or refinance into longer-term financing, such as a DSCR or conventional loan for a rental they keep. We plan that exit with you at the start.
See what your monthly payment could look like
Type or slide in a home price, the amount you plan to put down, a rate you have been quoted and a term. The estimate updates as you go, and nothing is sent unless you ask David to review it.
Estimated principal and interest
Your estimate appears here
Fill in all four numbers to see it. Prefer to talk it through? Call David at (954) 504-5611.
Estimated principal and interest
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- Down payment
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- Loan amount
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- Interest over the full term
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For illustration only. Not a loan offer. Taxes and insurance not included.
From first call to closing, in four steps
- 01
Start a conversation
Tell David what you are planning. A short call or message is enough to begin.
- 02
Compare your options
David learns your goals and lays out the loan options that may fit, with the tradeoffs explained.
- 03
Apply securely
When you are ready, you apply online. David tells you exactly which documents are needed.
- 04
Get to closing
David keeps you posted through underwriting and is there for questions on closing day.
Other loan programs
Get in touch
Send a message and David will reach out. You can also call or text.
David J Poloney, NMLS #796103
David John Lending Group, NMLS #1958392