Resources

Diagram showing how a ground-up construction loan is structured — land advance funded at closing, construction holdback released in draws as work completes, and an interest reserve carrying payments during the build. Slingshot Investments.

How Do Ground-Up Construction Loans Work?

By Andrew J. Liersch III — Founder & CIO, Slingshot Investments. 10+ years in private...
Fix-and-flip loan cost diagram showing 9–12% interest, 1.5–3 points, and other fees are small and predictable, while time on the loan is the real margin killer

What Does a Fix-and-Flip Loan Cost?

By Andrew J. Liersch III — Founder & CIO, Slingshot Investments. 10+ years in private...
Private money loan closes in 8–10 days vs. 30–45 days for a conventional loan — Slingshot Investments

How Fast Can You Close a Private Money Loan?

Short answer: A private money loan on a fix-and-flip can close in roughly 8–10 days...
Line chart showing national average bridge loan rates declining from 10.59% in June 2025 to a 12-month low of 10.07% in June 2026, with San Diego averaging 9.67%. Slingshot Investments; data from Lightning Docs.

Bridge Loan Rates Just Hit a 12-Month Low: What Hard Money Costs in Mid-2026 (and Why San Diego Borrowers Are Paying Less)

By Andrew J. Liersch III — Founder & CIO, Slingshot Investments. 10+ years in private...
diagram-draw-schedule

What Is a Draw Schedule on a Rehab Loan?

Short answer: A draw schedule is the agreed plan for how a lender releases the...
Estimate ARV fix and flip

How Do You Estimate ARV on a Fix-and-Flip?

Short answer: ARV (after-repair value) is what a property will sell for once your renovation...
diagram-hard-vs-private

Hard Money vs. Private Money: What’s the Difference for Real Estate Investors?

Short answer: "Hard money" and "private money" are often used interchangeably — both are short-term,...
Diagram showing how a private money fix-and-flip loan is sized by the lesser of the ARV-LTV cap and the Loan-to-Cost cap, using a $600,000 San Diego deal example

How Do Private Money Lenders Underwrite a Fix-and-Flip Loan?

Short answer: A private money lender underwrites a fix-and-flip loan around two things — the...