Apartment Building New Construction In Portland Oregon
Apartment Building New Construction In Portland Oregon

Hard Money Loans vs Traditional Bank Loans

To schedule a free loan consultation, please call (254) 230-0012 (for loans in Texas) or (503) 222-4466 (for loans in Oregon and other states).


When it comes to hard money loans versus traditional bank loans, both have their distinct advantages. And either loan (or both) could be right for you, depending on your needs and circumstances.


What Are Hard Money Loans

Hard money loans, typically offered by private investors or companies, are predominantly asset-based. This means that the loan approval hinges largely on the value of the real estate asset that you’re using as collateral, rather than on your credit score or history.


What Are Traditional Bank Loans / Conventional Loans

Traditional bank loans, on the other hand, are offered by established financial institutions, such as banks, credit unions, and mortgage companies. Conventional loans are primarily underwritten based on your creditworthiness (which can include your credit score, income history, and debt-to-income ratio).


Key Differences Between Hard Money Loans And Traditional Bank Loans

There are clear differences between hard money loans and traditional bank loans.


Approval Process and Requirements: Hard money loans typically have a simpler and faster approval process. Because hard money loans focus on asset value, these loans are more accessible if you don’t have an ideal credit history. Traditional bank loans, conversely, have a more rigorous and time-consuming approval process, one that scrutinizes your financial history and creditworthiness.


Interest Rates and Fees: Hard money loans might come with higher interest rates and fees, reflecting the higher risk assumed by the lender. Traditional bank loans might offer lower interest rates, making them more cost-effective over the long term.


Loan Term: Hard money loans are often short-term (usually between 6 months to a few years) and are  ideal for projects that require quick turnaround. Traditional bank loans offer longer terms (up to 30 years or more), which can be more suitable for long-term investments or purchases.


Flexibility and Terms: Lenders of hard money loans can offer more flexible terms and are often more apt to negotiate aspects of the loan. In contrast, traditional bank loans generally adhere to strict policies and standardized loan terms.


TriTalent Funding Group

At TriTalent Funding Group, we’ve been providing hard money loans since 2004. We pride ourselves on finding solutions and funding projects. We have a quick approval process (just a few days) and can typically provide loan funding within 14 days.


Our rates and fees are competitive, and our hard money loans range from $75,000 to $7 million. We can loan to individuals, partnerships, LLCs, corporations, and trusts. There’s no pre-payment penalty on our loans, and you pay interest only over the term of the loan.


Types Of Properties For Hard Money Loans

We can provide hard money loans for a variety of properties, including:


For more information or to schedule a free loan consultation, please call (254) 230-0012 (for loans in Texas) or (503) 222-4466 (for loans in Oregon and other states).


Please note that we provide hard money loans throughout Texas, including: Dallas-Fort Worth, Austin, Waco, and San Antonio. We also provide hard money loans in Oregon, Washington, California, Nevada, and Arizona.

Call us today for a free consultation

Portland Office: (503) 222-4466
Texas Office: (254) 230-0012
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