How Long Does It Take to Get Approved for a Hard Money Loan?

Jay Sookhakitch
Jun 26
2 min read

Red brick building with black fire escape and two bicycles chained to a post. Tree and no parking sign in front; warm, urban setting.

If you’re eyeing a real estate investment deal, timing is everything. Whether you're flipping a single-family home or starting new construction from the ground up, delays in financing can mean missed opportunities. That’s where hard money loans come in—fast, flexible, and built for investors who need to move quickly.

But how fast is "fast"? Let’s break down how long it really takes to get approved for a hard money loan through Alvear Lending.

Fast Approvals: What to Expect

With Alvear Lending, initial approvals often happen within 24 to 48 hours. That means you can get a term sheet in hand quickly, giving you the confidence to make offers and move forward with your project.

How About The Entire Funding Process?

Once you’re approved and all documents are in, funding typically happens in 7 to 14 business days. Of course, that timeline depends on a few factors:

How quickly you submit your documents
The complexity of the project
Title and appraisal turnaround times
Complexity of your investment profile

What You Need to Get Started

Getting approved doesn’t have to be complicated. Here’s what you’ll usually need:

A completed loan application
A detailed scope of work (especially for fix and flip or construction)
Purchase contract (if applicable)
Bank statements or proof of funds for down payment
Credit check authorization

Pro tip: the faster you provide these, the faster we can move.

Fix & Flip: Quick In, Quick Out

If you're flipping houses, you need speed. Alvear Lending offers fix and flip loans with:

Up to 85% of purchase and 100% of rehab costs
Loans up to 70% of ARV
Closings in as little as 10 days

The approval process is streamlined because we know your margins depend on speed.

Ground-Up Construction: Fast Starts Matter

New construction loans usually take a little longer due to permits and planning, but with Alvear Lending, the approval process is still simple:

Up to 85% of land purchase and 100% of construction costs
Loans up to 65% of completed value
Fast pre-approvals so you can get started while permits are processed

We work with experienced builders to keep projects moving without red tape.

Final Thoughts: Time is Money

In real estate investing, delays can kill deals. That’s why we keep things simple and quick at Alvear Lending. You focus on the deal—we’ll handle the funding.