Preston Morris
New Orleans Hard Money Lenders for Real Estate Investors
Hard Money Lenders New Orleans, LA - Multifamily Financing
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We Provide Hard Money For New Orleans Area Real Estate Investments
Louisiana Multifamily Hard Money Loans
Investors looking to purchase multifamily properties in Louisiana who are looking to close fast or with credit issues can secure capital with private hard money loans. Considered by many as the safest real estate investment, apartment buildings in Louisiana enjoy low vacancy rates and good cap rates. We can provide funding for any investment strategy:
Refinance
Cash out
Renovate and Flip
Condo conversion
Vacation rentals
Louisiana Commercial Hard Money Loans
We provide commercial investors with capital solutions for any type of commercial properties. Commercial hard money loans can be used for the following purposes:
Purchase with a quick all-cash close
Refinance an existing loan
Cash out (first or second position)
Construction loan
You have bad credit, judgements, bankruptcy on your record
You are purchasing a non-traditional asset and need a creative solution to a capital problem
What Is A Hard Money Loan?
Hard money loans, also known as bridge loans, are short-term loans made to real estate investors to finance real estate projects. Real estate is considered a hard asset, thus the term hard money was born. The most popular type of hard money loan is the Fix and Flip loan which is also called a Rehab Loan. The borrower uses this loan to purchase a property, renovate it and resells it for a profit.
Though this is a very popular use for hard money, investors take advantage of these loans for other projects as well. Hard money loans are favored over conventional loans as they offer less stringent qualifying and can close quickly. Quick access to funds is an important asset to any real estate investor. Hard money lenders will look at a borrower’s credit report when considering their loan application, but the credit history is not the deciding factor for approval.

​​​​CALL US TODAY! (504) 527-1904
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Instead, the lenders main focus is on the property being purchased. Hard money lenders, mainly, base their decisions on the property’s value rather than its current market price. They do this by considering the property’s after-repair value (ARM), which is an estimate of the property’s value once the remodeling stage has been completed. This makes hard money lenders asset based lenders.
Approvals can typically be given without reviewing the borrower’s tax returns or other income statements to verify income. Hard money lenders can be direct lenders or they can be lending brokers. Funds from these loans can be used for residential and commercial property. Though the typical loan term for a hard money loan is 12-24 months, some lenders offer more flexible terms depending on the type of loan.
Many use the terms hard money lender and private money interchangeably. This is widely acceptable in the industry. Though they share some commonalities, there is a slight difference. The difference is that private lenders are private citizens and they not only lend on real estate, they can issue personal loans. Hard money lenders do not issue personal loans, they only lend money on hard assets.

Need a Loan in New Orleans?
Answer a few quick questions regarding your hard money requirements, and quickly get connected to lenders across the country. Compare loan offers and communicate with lenders directly on our platform until you find the deal you want. All available at no cost to you.
HARD MONEY Loans
​​​​CALL US TODAY! (504) 527-1904
CLICK HERE TO GET PREQUALIFIED
Blanket Loan Options Available
Single-Family, Condos, Townhomes, Multi-Family, Commercial, Mixed Use, Office, Retail, Industrial, Warehouse
Rates Starting at 7.25%
$100K – $5M
Up to 75% LTV
Fixed rates/Adjustable
9-24 Month Terms
Interest-Only Payments
Purchase, Refinance, or Cash Out
Foreign Nationals Eligible
No Prepayment Penalty Option Available