What is hard money? Hard money lenders are lending companies offering a specialized type of real-estate backed loan. Hard money lenders provide short-term loans (also called a bridge loan) that provide funding based on the value of real estate that has been collateralized for the loan. Hard money lenders typically fund deals that do not conform to bank standards. Hard money lenders will offer a range of requirements on the loan-to-value percentage, type of real estate and minimum loan size for a hard money loan.

Why use Prime Funding? Prime Funding strives to create an individual and unique winning solution for its customers by providing a non-conventional short term lending source that allows the customer to acquire and rehab investment real estate. Prime Funding's fixed rate interest only program allows the customer to better manage the rehab of the property by only requiring you to make monthly interest only payments on the funds that have actually been drawn from the line. Other lenders may charge you for the entire loan amount (sometime referred to as a line fee) even though you have not yet used the funds. These elements along with low fees and costs not only help increase the value of the asset, but also better position the investor for their exit strategy (sale or conventional refinance). Prime Funding has long been recognized as the Philadelphia areas leading acquisition and rehab lender. Prime Funding’s individualized approach and its fast response permits investors to react quickly to new deals that present themselves. Prime Funding is dedicated to rewarding long term customers and customers with a proved track record of Success!

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