Hard Money Loan Application Checklist:

What Borrowers Need To Have Ready When Applying For a Loan With BAM

Applying for a hard money loan doesn't have to be complicated. Whether you're purchasing an investment property, financing renovations, or refinancing an existing real estate investment, having the right information ready can help streamline the loan review process.

At Brighton Asset Management (BAM), we evaluate business-purpose real estate loan requests based on factors including the property, proposed project, borrower experience, requested financing, and anticipated exit strategy.

Before submitting your application, review the three categories of information below to understand what you'll need to have ready.


Key Takeaways: What information do you need to apply for a hard money loan?

Applicants should be prepared to provide:

Borrower information: Contact details, real estate experience, borrowing entity information, estimated credit score, and relevant financial history.

Loan request details: Loan type, project description, requested financing, renovation costs, property value, existing liens, and exit strategy, as applicable.

Property details: Property address, purchase price, ownership or contract status, additional collateral, and supporting purchase documentation, as applicable.


Borrower Information

BAM begins its initial loan review by gathering information about the borrower and borrowing entity. This includes basic contact information, real estate investment experience, estimated credit score, and relevant financial history.

Borrowers should also be prepared to identify the legal entity requesting financing and provide its ownership information. These details help BAM understand who is involved in the transaction and evaluate the proposed loan.

Borrower Intake Checklist

Borrower Information

Have the following borrower details ready when submitting your loan application.

  • First and Last Name Email | Phone Number
  • Date of Birth
  • Current Address Street | City | State | ZIP
  • Real Estate Experience Summary
  • Broker or Borrower?
  • Borrowing Entity Name, State, and Ownership Information
  • Estimated Credit Score
  • Bankruptcy Filing, Eviction, or Foreclosure on Your Record in the Past 10 Years?

Loan & Project Information

The information needed for a hard money loan depends on whether you're purchasing or refinancing an investment property.

For purchase loans, BAM may request details about your renovation plans, estimated repair costs, and the property's projected after-repair value (ARV).

For refinance loans, applicants should be prepared to explain the purpose of refinancing, requested loan amount, original purchase price, improvements completed, current property condition, and existing liens.

All applicants should be prepared to identify their anticipated exit strategy, such as selling the property or refinancing into longer-term financing.

Borrower Intake Checklist

Loan & Project Information

What to have ready when applying for a loan with Brighton Asset Management (BAM).

01 — General Loan Information

  • Type of Loan Purchase or Refinance
  • Brief Project Description Overview of the proposed real estate project

02 — Purchase Loan Information

  • Repair Funds Requested? Indicate whether renovation financing is needed
  • Estimated Repair Amount Projected renovation or construction budget
  • After-Repair Value (ARV) Estimated property value after improvements

03 — Refinance Loan Information

  • Purpose of Refinance
  • Loan Amount Requested
  • Original Purchase Price
  • Total Spend on Improvements
  • Property Condition
  • Existing Liens
Exit Strategy

How do you intend to repay your real estate loan?

SELL OR REFINANCE

Property Details

BAM evaluates the real estate securing each loan, making accurate property information an important part of the application process.

Applicants should provide the property's complete address, purchase price (if applicable), and whether the property is currently under contract or already owned. Borrowers should also disclose any additional collateral being offered.

For purchase transactions, have a fully executed offer to purchase available for upload.

Borrower Intake Checklist

Property Details

Property information to have ready when applying for a real estate loan with Brighton Asset Management (BAM).

  • Property Address Street | City | State | ZIP Code
  • Purchase Price If applicable
  • Property Ownership Status Currently under contract or already owned?
  • Additional Collateral If applicable to the loan request
Document Upload

Executed Offer to Purchase

IF APPLICABLE

Frequently Asked Questions About Hard Money Loan Applications

What Information do I Need to Apply for a Hard Money Loan?

To apply for a hard money loan with Brighton Asset Management, you should be prepared to provide borrower information, details about your real estate project, the requested loan amount, property information, and an anticipated exit strategy. Additional documentation may be requested during underwriting.

Does BAM Require Real Estate Investing Experience?

BAM requests a summary of each borrower's real estate experience as part of its initial review. Experience is one factor considered alongside the property, project, collateral, and proposed repayment strategy, however, BAM works with first time investors all of the time.

What is After-Repair Value (ARV), and Why Does it Matter?

After-repair value (ARV) is the estimated market value of a property after planned renovations or improvements are completed. For fix-and-flip and renovation loans, ARV helps lenders evaluate the proposed project and determine an appropriate loan structure.

Can I Apply for a Hard Money Loan to Refinance an Existing Property?

Yes. BAM offers business-purpose refinancing for qualifying real estate investments. Applicants should be prepared to provide their requested loan amount, refinancing purpose, existing lien information, property condition, and anticipated exit strategy.

Do I Need a Property Under Contract Before Applying?

BAM's intake checklist asks whether the property is currently under contract or already owned. If you are purchasing a property, you should have an executed offer to purchase available when applicable. Contact BAM to discuss the documentation needed for your specific transaction.

What is an Exit Strategy for a Hard Money Loan?

An exit strategy explains how a borrower intends to repay the loan at maturity. Common exit strategies include selling the investment property after renovations or refinancing into longer-term financing.


Ready to Apply for a Hard Money Loan?

Have your borrower, loan, and property information ready? Take the next step by submitting your loan application to Brighton Asset Management.

Our team reviews business-purpose real estate financing requests for purchases, renovations, bridge loans, and refinancing.


About Brighton Asset Management:

Brighton Asset Management is a private real estate lender providing short-term, asset-based financing for real estate investors. BAM provides financing for fix-and-flip, bridge, renovation, construction, and other investment real estate transactions.


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What Do Hard Money Lenders Look For? A Guide for Real Estate Investors.