Hard Money Loan Process

You might have questions about how hard money works or how TABS’ loan process works. This is a brief overview, though not meant to be fully comprehensive. If you have additional questions, please contact us!

First, you will need to fill out our initial Quick Loan Application. This will allow us to do an initial review of your real estate deal. This is a no-obligation, no hassle form that just lets us know about your real estate investment project. Once you fill out the form, we will review the information provided and contact you as soon as possible. 

If this deal is mutually beneficial for both parties, we will ask you to fill out our full loan application package. We require a $100 non-refundable application fee when you submit your full loan application package. Once we receive your full loan application package, you will be contacted within 24 hours. You will either receive a conditional pre-approval letter or we will ask for additional documentation.

Once conditionally pre-approved, we will need specific documentation about the property. Please submit a signed purchase contract (if this is a new purchase), the renovation proposal (if applicable), Planned Improvement Materials, Seller's Property Disclosure, title company contact and a property inspection report from a 3rd Party Vendor (if applicable). Once the property inspection is agreed upon between you and the seller, send us the Property Inspection Resolution form. After we receive this documentation, we will review and provide you with a Good Faith Estimate (GFE).

Then, after receiving clean title and reviewing all required documentation if accepted, we will provide you with a Letter of Engagement that identifies the terms of the agreement. You will also need to arrange for property insurance under the terms specified in the loan application prior to closing on the property.

Finally, all the closing documents will be signed and you will take deed to the property!