Hard Money
Hard Money & Investor Financing Introductions
Jortevsky Real Estate Firm introduces property investors to hard money and private lenders for purchases, renovations and repositioning across the NYC metro area. Hard money is asset-based, short-term and priced well above conventional financing — it is a tool for speed, not a substitute for a mortgage.
The short version
What this actually involves
Hard money is expensive on purpose. It exists because some deals cannot wait ninety days for conventional underwriting, and because some properties will not appraise conventionally until the work is done. Used for the right deal it makes money; used as a way to buy something you cannot otherwise afford, it is how investors lose properties.
Introductions to hard money and private lenders for investors buying, renovating or repositioning investment property, where speed matters more than the rate.
What you get
- Introductions to hard money and private lenders active in the NYC metro market
- An honest read on whether your deal actually supports hard money terms
- Underwriting the exit before the entry: refinance, sale, or neither
- Deal packaging: scope of work, budget, comparable after-repair values
- Coordination between lender, attorney and contractor timelines
Process
How the engagement runs
- Step 01
Underwrite the exit first
Hard money is short-term, so the only question that matters is how it gets repaid. Refinance into conventional, or sell. If neither is realistic on the timeline, the deal does not work and we will tell you before an introduction is made.
- Step 02
Package the deal
Lenders fund files, not ideas. Scope of work, a real budget, after-repair comparables and your track record — assembled properly, this is what gets a term sheet quickly.
- Step 03
Introductions
We introduce you to lenders active in this market and this asset type. You deal with the lender directly on terms; we are making an introduction, not brokering the loan.
- Step 04
Run the project
Interest accrues from day one, so schedule is money. We coordinate the property side — access, contractor scheduling, and getting the asset re-listed or refinance-ready the moment the work is done.
Where we do this
Hard Money across our service area
Each neighborhood page carries the local detail — records, market notes and the questions specific to that market.
Answers
Questions about hard money
What is a hard money loan?
A hard money loan is short-term financing secured primarily by the property rather than the borrower's income, typically funded by private lenders at higher rates and shorter terms than a conventional mortgage. Investors use it for speed and for properties that will not finance conventionally until renovated.
Does Jortevsky Real Estate Firm lend money directly?
No. Jortevsky Real Estate Firm is a licensed real estate brokerage, not a lender or a licensed mortgage broker. We make introductions to hard money and private lenders active in the NYC metro market, and you contract with the lender directly. All loan terms, approvals and disclosures come from that lender.
What does hard money cost?
Materially more than a conventional mortgage — expect a higher rate plus origination points, with a short term measured in months rather than decades. The specific terms come from the lender and depend on the property, the loan-to-value, the scope of work and your experience.
When does hard money make sense?
When speed wins the deal, or when the property cannot be financed conventionally until work is completed. Jortevsky Real Estate Firm will tell you plainly when a deal does not support hard money terms — the cost only works if the spread on the project genuinely covers it.
What do lenders want to see?
A defensible after-repair value, a real scope of work and budget, a credible exit within the loan term, and some track record. We help you assemble that package, which is usually the difference between a fast term sheet and silence.
Also from us
Other things we handle
Most clients use us for more than one of these over time — which is the argument for a full-service firm rather than a specialist.
Let's talk about your property.
A conversation costs nothing and you will leave it knowing what your home is worth and what the market is actually doing on your block.
Prefer to talk now? (516) 668-6031 · jortevskyrealty@gmail.com