Loan Comparison
Private money — also called hard money — is asset-based lending funded by private capital rather than banks. It is priced higher and lasts months instead of decades, but it closes in days and cares about the property more than your paperwork. Conventional financing is the opposite trade.
| Private Money Loan | Conventional Loan | |
|---|---|---|
| Time to close | Often 7–14 days | 21–30 days or longer |
| Underwriting focus | The property’s value and equity | Your income, credit, and debt ratios |
| Term | 6–24 months, interest-only | 15–30 years, amortizing |
| Rates and points | Substantially higher, plus origination points | Lowest market pricing |
| Property condition | Distressed and non-habitable accepted | Must meet condition standards |
| Vesting | LLC or entity allowed | Personal name for owner-occupied |
| Best for | Auctions, competing with cash, distressed property, bridge needs | Long-term ownership of a finished home |
Private money is a bridge, not a destination. Use it to win a deal on speed, buy something a bank will not touch, or close before your exit is ready — then refinance into conventional or DSCR financing once the property and your file qualify. We fund the bridge and plan the exit at the same time.
Still Deciding?
We'll price both programs with your actual numbers and show you the payment, cash to close, and long-term cost side by side — no credit pull required.
Questions
Yes, the terms are used interchangeably. Both describe short-term, asset-based loans funded by private capital and secured by the property rather than your personal income.
It is possible but far less common, since consumer-purpose lending carries additional regulation. Most private money is used for investment, bridge, and business-purpose transactions.
Typically 65 to 75 percent of value, sometimes measured against the after-repair value on rehab deals. The equity cushion is what allows the lender to move quickly with light documentation.
About Us
CDL Mortgage Services Inc. is an independent, full-service mortgage company. Instead of pushing one bank’s products, we shop multiple wholesale lenders to secure the best loan at the best rate for every borrower.
Purchase, refinance, and home equity — all under one roof, focused on the best loans at the best rates.
Based at 6524 Lonetree Blvd, Rocklin, CA 95765 and licensed in California, Texas, Georgia, Tennessee, Oklahoma & Idaho.
Every file is handled start-to-finish by a licensed loan officer who knows your name and your goals.
Fully licensed and regulated, with award-winning lender partnerships and 35+ years serving borrowers.
Ready When You Are
One application, multiple wholesale lenders, and a licensed loan officer who explains the tradeoffs before you commit.