Private Money Hawaii
Documents Hard Money Lenders Require to Fund Quickly
Hard money loans are known for faster funding timelines, but speed depends heavily on how prepared the borrower is. Having required documents ready at the start of the process helps lenders complete due diligence efficiently and avoid unnecessary delays.
This article outlines the most common documents hard money lenders require to fund loans quickly.
1. Purchase Contract or Refinance Statement
For purchase transactions, lenders typically require:
- Executed purchase agreement
- All addenda and amendments
For refinances, lenders usually request:
- Current mortgage statements
- Payoff letters for existing liens
This document establishes transaction details and funding requirements.
2. Property Information
Basic property details help lenders evaluate the asset.
Commonly requested information includes:
- Property address
- Property type
- Occupancy status
- Estimated current value
Clear property data supports faster initial review.
3. Borrower Information
Hard money loans focus on the asset, but borrower identification is still required.
Typical borrower documents include:
- Government-issued photo ID
- Contact information
- Borrowing entity details (if applicable)
This information is used for compliance and document preparation.
4. Entity Documents (If Borrowing Through an LLC or Corporation)
When borrowing through an entity, lenders usually require:
- Articles of organization or incorporation
- Operating agreement or bylaws
- Certificate of good standing
- EIN documentation
Missing or outdated entity documents can cause delays.
5. Scope of Work and Rehab Budget (If Applicable)
For fix-and-flip or renovation loans, lenders review:
- Detailed scope of work
- Estimated rehab costs
- Timeline for completion
Clear and realistic budgets help speed up underwriting and approval.
6. Exit Strategy Explanation
Lenders evaluate how the loan will be repaid.
Borrowers are often asked to provide:
- Planned resale strategy
- Refinance plan
- Expected timeline for exit
A clear exit strategy reduces follow-up questions and review time.
7. Proof of Funds
Proof of funds demonstrates the borrower’s ability to:
- Cover down payment requirements
- Pay closing costs
- Complete planned renovations
Acceptable proof may include bank statements or verified account balances.
8. Title Company or Escrow Information
To begin title work, lenders typically request:
- Preferred title or escrow company contact
- Existing title reports (if available)
Early coordination with title helps prevent last-minute delays.
9. Insurance Binder
Before funding, lenders usually require:
- Proof of property insurance
- Lender named as mortgagee or additional insured
Insurance delays are a common but avoidable issue.
10. Valuation Documents (If Required)
Depending on the lender and deal structure, valuation may include:
- Appraisal
- Broker price opinion (BPO)
- Comparable sales analysis
Deals without formal appraisal requirements often fund faster.
Optional Documents That Can Speed Up Funding
While not always required, these can help:
- Prior closing statements on the property
- Contractor bids or references
- Rent rolls (for income properties)
- Photos of current property condition
Providing extra clarity reduces back-and-forth communication.
Common Document-Related Delays
Funding delays often occur due to:
- Missing signatures or incomplete contracts
- Outdated entity documents
- Unclear scope of work
- Insurance binder errors
Most document-related delays are preventable with early preparation.
Summary: Preparing Documents for Fast Hard Money Funding
Hard money lenders can fund quickly when borrowers provide complete and accurate documentation upfront. Having these documents ready before applying helps streamline due diligence and shorten closing timelines.
Offering Rates Starts at 9%
At Private Money Hawaii, we are proud to fund commercial properties, multi-family residential, investment residential properties, fix and flip projects, land, and construction in Honolulu and across the Hawaii Islands.
Ready for a Honolulu Hard Money Loan? Fast, Flexible Financing Across Hawaii
Act Fast with a Trusted Local Partner
Secure funding in as little as 7–14 days. No bank delays—just Honolulu hard money loans designed for investors who need speed and certainty.
Tailored Loan Programs
From fix-and-flip loans in Oʻahu to bridge loans in Honolulu, DSCR rental financing, and construction loans across Hawaii, we customize terms around your project’s needs. With interest-only payment options, LTV up to 70%, and clear origination fees, you’ll have flexible funding that works for you.
Local Expertise You Can Trust
Led by veteran lender David Ige, with nearly 30 years of experience funding Hawaii investment property loans, we combine deep local insight with transparent terms to help investors succeed.
Private Money Hawaii
Address: 411 Hobron Ln #3912, Honolulu, HI 96815
Call: +1(808) 753-1204
Email: funding@privatemoneyhawaii.com
Looking for a reliable private money lender in Hawaii for your next real estate investment loan?
PRIVATE MONEY HAWAII
Private Money Hawaii
411 Hobron Ln #3912, Honolulu, HI 96815
Phone: (808) 753-1204
Email: funding@privatemoneyhawaii.com
Follow: facebook.com/PrivateMoneyHawaii/