Why use Hard Money when banks are more than willing to finance the purchase and rehab of distressed properties and allow for flipping for investors at conforming bank rates. Yes the process may take a little longer depending on the scope of the rehab but the ROI make it the preferred option for true real estate investors. No HUD Consultant. 660 MidScore. 80% LTV on after improved value. Commitment Letter 7 to 10 days from Financials. 30% Hard Draw at closing. Start Marketing at closing...