Hard money lending, without the mystery.
The questions investors actually ask us — and our honest answers.
Where do you lend?
We focus on loans across the Phoenix metro area — Phoenix, Scottsdale, Mesa, Chandler, Gilbert, Tempe, and Tucson. We'll consider deals throughout Arizona on a case-by-case basis.
What's your timeframe for approval?
We can typically approve your loan within an hour. In some circumstances loan approval will take up to 24 hours.
Will you lend on my homestead?
No. Our loans are for non-owner-occupied investment properties only.
Do you pull credit?
No. Our loans are primarily asset-based, so our main focus is the value of the property. If the deal makes sense on paper, we fund it.
What's the difference between a hard money loan and a conventional mortgage?
A hard money loan is a short-term loan typically used for real estate investments or construction projects. It's provided by private investors or companies (rather than traditional banks) and is secured by the value of the property. Hard money loans have shorter repayment terms, higher interest rates, and lower loan-to-value ratios than conventional mortgages.
A conventional mortgage is a long-term loan used to purchase a home. It's provided by traditional banks and is secured by the property. Conventional mortgages have longer repayment terms, lower interest rates, and higher loan-to-value ratios.
The main difference is purpose: hard money loans are for short-term investment financing, while conventional mortgages are long-term home financing.
What are the interest rates and costs associated with a hard money loan?
Interest rates on hard money loans typically range from 10% to 18%. Rates depend on the lender, loan amount, property type, and the deal itself. The rate is usually fixed for the term of the loan, which is typically 6 to 12 months.
Fees at most lenders include origination fees, processing fees, underwriting fees, and closing costs. These can add 1% to 10% on top of the loan amount.
Points are upfront fees calculated as a percentage of the loan amount. A lender charging 2 points on a $200,000 loan adds $4,000 in cost at closing.
Prepayment penalties may apply if you pay off the loan early. These can be significant.
At Kayak Capital, you'll see zero points, zero processing fees, zero prepayment penalties, zero extension fees, and no document fees. Compare any hard money lender's total cost — not just their headline rate.
Do I need to have flipped houses before to get approved?
No. We work with first-time flippers and seasoned investors alike. If the deal makes sense on paper, we fund it.
How fast can you actually fund?
Same-day, in many cases. The bottleneck is usually the title company, not us. As soon as title is ready, we wire the funds.
Do you offer construction loans?
Yes. We work with builders and developers on new builds, major renovations, and rehab projects. Give us a call to discuss your project.