Why Borrow from Hammerhead Financial?

The real estate world is a dynamic one, always in motion. Today's investment opportunities will not be available tomorrow. Defining what is and is not a good investment opportunity can be a challenge. Many investors look at properties from perspectives that are very different from conventional lenders.

Not all properties qualify for traditional bank loans. Most banking institutions do not lend on mixed-use properties, provide bridge loans, or lend on properties presently in default. If they do, it is a time-consuming process involving a substantial paper chase. When the conventional loan is finally approved, the borrower is frequently short funds needed for the purchase or renovation of the property. We eliminate these issues!

Hammerhead Financial, Inc. provides private hard money short term funding to real estate investors for purchase and rehabilitation of residential real estate, at competitive rates. Each of Hammerhead’s hard money loans is viewed independently, taking into consideration the specific circumstances relating to the underlying property, resulting in loans that are uniquely tailored to fit the specific needs of our clients. For example, we use the "Repaired Value" (RV) and not the purchase price to determine our funding limits. In certain cases, we will provide up to 100% of the purchase and rehab funds for a project. Best of all, Hammerhead works quickly and efficiently, often providing secured hard money real estate loans in the time it takes most lenders just to call back.

Among the unique scenarios Hammerhead can address are:

  • Helping those with bad (or no) credit. 
  • Working with licensed Real Estate Agents and Brokers to complete complex transactions.
  • Helping investors find secured investments.

How Does it Work?

Although we do review a borrower’s credit and experience, the primary collateral for a Hammerhead loan is the value of the property. Properties that can be pledged include: 

  • Single-family homes 
  • Townhouses 
  • Condos 
  • Pre-construction (so long as ______) 
  • Multi-Unit properties (2 to 4 units) 
  • Larger residential properties

Hammerhead will fund the purchase and/or rehab of properties in pre-foreclosure or bankruptcy. Although Hammerhead does not provide funding for the purchase of properties at an auction, we will lend against a property that has been purchased at an auction and has clear title. Please use our Borrower Application for more information.

Loan Specifics:

  • We offer loans ranging from $20,000 to $500,000.
  • We make every effort to fund in 10 business days or less. 
  • We will lend up to 75% of the repaired value of the property. 
  • We are flexible enough to take both 1st and 2nd Trust Deeds. 
  • We can cross-collateralize to make sure you get the money you need. 
  • We offer construction escrows to help you manage that money. 
  • Our terms range from 6 months to 1 year, with extensions possible in special cases. 
  • For more details, please refer to the Borrower Application, or the FAQ page.

Joint Ventures

We welcome the opportunity to joint venture with our investors. Joint ventures are generally projects that exceed the investor’s funding limits, cash/credit reserves, or the required experience for the project. With our extensive database of investors, contractors, agents and other team members, Hammerhead can help the novice investor to gain hands on experience working with seasoned professionals. Please use our Joint Venture Application for more information.