Hard money loan rates in 2026 typically run 8.99%–13.5% interest-only on fix-and-flip and bridge products — higher than conventional investment mortgages, but priced for speed, distressed collateral, and asset-based underwriting. Jaken Finance Group quotes rates on your specific file; this page is the single source of truth for published rate bands and repayment structure. For the fix-and-flip query specifically — what moves a quote, points vs. rate, and market context — see fix and flip loan rates.
For program parameters, see Lending programs overview. For hard money vs. bank financing tradeoffs, see Hard money vs. traditional loans.
Current hard money rate ranges by product
| Product | Rate range | Structure | Typical term |
|---|---|---|---|
| Fix and flip / hard money | 8.99%–13.5% | Interest-only | 6–12 months |
| Bridge loans | 8.99%–13.5% | Interest-only | 12–24 months |
| DSCR rental | 5.75%–10.5% | Fixed or ARM | 30-year |
| New construction | 8.99%–13.5% | Interest-only | 12–18 months |
| Equipment loans | 6%–14% | Amortizing | 2–7 years |
Equipment financing is a distinct business-lending product — not real estate hard money. Do not compare equipment APRs to fix-and-flip bridge rates.
Hard money rates vs. traditional investment loans
| Factor | Hard money (fix/flip) | Traditional investment mortgage |
|---|---|---|
| Typical rate | 8.99%–13.5% | 6.75%–7.5% (30-year fixed) |
| Payment | Interest-only | Amortizing P&I |
| Points | 0–3 | 0–1 |
| Close speed | 7–14 business days | 30–45 days |
| Qualification | ARV, LTC, exit | W-2, DTI, credit, property condition |
| Property condition | Distressed OK | Must meet livability standards |
| Best use | Flip, bridge, value-add | Long-term stabilized hold |
Hard money costs more per month — but funds deals banks decline or cannot close in time. See the full hard money vs. traditional loans guide for qualification, risks, and when each product wins.
Hard money loan repayment schedule
Most fix-and-flip and bridge hard money follows this structure:
| Phase | What you pay | When |
|---|---|---|
| Closing | Origination points (0–3) + down payment + prepaid interest | At funding |
| Monthly | Interest-only on outstanding balance | Each month during term |
| Rehab draws | Interest accrues on funded balance only | As draws release |
| Payoff | Remaining principal + accrued interest | At sale, DSCR refi, or term end |
| Extension | Extension fee + continued IO if past initial term | If rehab or sale delays |
Monthly carry examples (interest-only)
| Loan amount | Rate | Monthly IO payment |
|---|---|---|
| $200,000 | 10% | ~$1,667 |
| $300,000 | 11% | ~$2,750 |
| $300,000 | 13% | ~$3,250 |
| $450,000 | 12% | ~$4,500 |
Model carry in your scope of work before you sign a term sheet. A $300,000 loan at 13% costs $500/month more than the same loan at 11% — that adds up over a 6-month rehab.
What drives your quoted hard money rate
Private lending rates reflect deal risk and sponsor profile, not W-2 income:
- Leverage (LTC / LTV) — higher leverage typically means a rate premium
- ARV margin — thin spreads increase pricing
- Sponsor experience — repeat borrowers with documented exits often qualify for lower tiers
- Property type and market — coastal insurance, multifamily, and rural comps affect pricing
- Hold period and exit — flip vs BRRRR vs DSCR refi paths differ
We pull credit on most files to review trends, but approval is collateral-first — ARV, LTC, scope, liquidity, and exit drive the decision, not a minimum FICO gate.
LTV and hard money pricing
Hard money LTV caps interact directly with rate:
| Leverage band | Typical rate impact | Who qualifies |
|---|---|---|
| 65%–70% LTV / LTARV | Lower tier (9%–10.5%) | Conservative ARV, strong reserves |
| 75%–80% LTARV | Mid tier (10.5%–12%) | Standard experienced sponsor |
| 85%–90% LTC | Upper tier (12%–13.5%) | Repeat sponsor, documented exits |
See loan-to-value ratio in hard money lending for how LTV caps affect pricing on your file.
Leverage bands (paired with rates)
| Product | Typical leverage |
|---|---|
| Fix and flip | Up to 90% LTC; select repeat sponsors up to 100% |
| Bridge | Up to 90% purchase |
| DSCR purchase | Up to 85% (select markets, qualified borrowers) |
| DSCR rate-and-term | Up to 85% (select markets, qualified borrowers) |
| DSCR cash-out | Up to 80% (select markets, qualified borrowers) |
| Construction | Up to 90% of documented construction cost |
How Fed policy affects your carry cost
Federal Reserve rate moves change the cost of capital in the broader lending market. For fix-and-flip investors, the practical impact is interest-only carry during rehab. When benchmark rates are elevated, speed to exit matters more than squeezing the last 25 basis points off rate.
Points and fees
Hard money and bridge loans typically include origination points (0–3 points depending on file). Points, extension fees, and minimum interest are disclosed on your term sheet before processing — not hidden at closing.
Get a hard money rate quote on your deal
Rates change with market conditions and file specifics. To get a quote on your property:
- Pre-qualify online — submit address, numbers, and timeline
- Call (833) 264-7776 — speak with the lending team
- Email info@jakenfinancegroup.com — for follow-up on an existing file
We return leverage, rate band, and closing conditions on complete files — usually within one business day.
Rates, terms and conditions offered only to qualified borrowers and are subject to change at any time without notice. Closing times are in business days and commence upon satisfaction of borrower conditions. Select programs may not require a third-party appraisal. All loans are subject to asset-based underwriting. Jaken Finance Group only finances non-owner occupied investment properties.