Important Documents You’ll Need For A Hard Money Loan


A private money or hard money loan has much lighter documentation than a bank loan. Depending on the hard money lender, some will require more items to close than others. Below is a list of the most common documents required to close a hard money loan:

  1. Purchase contract if it’s a purchase loan. If it’s a refinance loan, you’ll need a payoff statement from the existing lender.
  2. Preliminary Title Report to show clear Title to the property. The designated title company for the loan will provide this.
  3. 2 Forms of Identification if the borrower is an individual. If the borrower is a business entity, corporate documents or operating agreement. A Certificate of Good Standing with the Secretary of the State for the entity can also be required, if borrowing as a business entity.
  4. Proof of funds statement if it’s a purchase loan. The private money lender  wants to see that the borrower has enough funds for the down payment. A recent bank statement or other account statement(s) is usually sufficient.
  5. Proof of Insurance for property being purchased or refinanced.
  6. Optional Items can include a loan application, credit report, copy of lease and/or rent roll if a rental property.

Because each hard money lender has it’s own list of documents required to close a loan, please verify in advance of being pre-approved for the loan. This will save you time and help you get your hard money loan closed more quickly.

To get more information or obtain a pre-approval, click here.

Private Money Lenders Play Key Role in Today’s Real Estate Market

Hard Money Lenders Have Helped in the Purchase of Distressed Assets

There’s no question, when it comes to the real estate investment business, private and hard money lenders are important. Many of the biggest hard money lenders who lent heavily before the crash, are now out of business. But some of those who used to lend are still in the private money lending business and doing better than ever.

If you are a real estate investor, there is a need to have quick access to loans when presented with an opportunity. Since it is now much harder to get loans through banks, private money lenders are more important than ever in today’s real estate market.

To learn more about our real estate loans, click here.

Commercial Loans Are Harder and Harder to Get – Private Money Lenders Bridge the Gap

Hard Money Commercial Loans are not what they used to be. Before 2007, it was easy to get quick underwriting and a fast closing on a commercial loan. Since 2008, a lot of commercial lenders have closed their doors. And for those lenders who have remained in the business, underwriting guidelines have completely changed, making it harder to get the commercial loans that used to be easy to close.

There are a lot of obvious reasons for why there has been an increased caution with underwriting commercial loans. Ever since the banks have increased their underwriting criteria and standards, more people have been forced to use Commercial Hard Money Lenders and Bridge Lenders for financing their commercial real estate. And even the hard money lenders have stiffened their requirements in recent years.

Will Commercial Bridge Lenders and Commercial Private Money Lenders provide the liquidity needed to stabilize the commercial real estate sector? Private Money Utah is working hard to provide badly needed financing for all types of commercial properties including: Senior housing, Assisted Living, Commercial Mixed Use, Commercial Office, and Commercial Industrial and Warehouse.

Take a second to review our commercial loan programs and submit your request for financing today. When banks aren’t lending, it’s hard to know who to trust. We are a reputable resource for private money loans all over the U.S.A.

Learn More About Private Money Utah’s Loan Programs

Submit a Commercial Loan Request

Hard Money Real Estate Loans for Rehabs and Fix and Flips

Contact us about our Fix and Flip Rehab Loans in UT, CA, TX, AZ, OR, WA, GA, NY and NY


Since the banking crisis of 2008, residential mortgages and real estate loans in California, and other States in the U.S., have become scarce for many real estate investors. For real estate investors seeking Real Estate Loans, those who are in need of capital are needing the help of private or hard money lenders in order to fill their immediate needs.

Most banks are not known to offer Hard Money Real Estate loans. But nowadays, with the changes that have been happening in the market, private money lenders and investors are providing quick approvals and closings. This is an advantage in the current market, because banks take a long time to underwrite a loan and fund.  For a savvy real estate investor who understands how to submit offers, using a hard money or private money loan, can be the quickest way to take advantage of an investment opportunity. With hard money rehab loans, investors can stretch their precious cash out over multiple investment properties simultaneously.

The need for hard money loans is fast growing among real estate investors. Find out more by submitting a comment below. We’ll email you about our rehab loans.