Getting a commercial loan from Hard Money Bankers is relatively easy compared to traditional financing since the approval process is based more on the property’s value or viability of the overall project than credit and income history. Most lenders will require down payment funds, a clear exit strategy to repay the loan, and typically have higher interest rates than banks (e.g., 12-14%). The approval process and overall transaction are usually much faster than a bank (ex.. a few days instead of a few weeks)