Getting a hard money loan in North Carolina 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 rather than credit and income history.  Most lenders will require down payment funds, a clear repayment or exit strategy to repay the loan.   The interest rates might be slightly higher than a bank (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)