Asset Based Loans
When you need quick business funding for a time-sensitive deal, standard bank processes are often too slow and restrictive. Asset-based loans, also known as private money second mortgages, deliver short-term financing on expedited timelines. Secured by real estate, these loans are designed to provide fast funding when you need it most.
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Asset-Based Loan: Program Highlights & Borrower Benefits
Our Asset-Based Loan is built for borrowers with significant liquid assets who may not show traditional income but have the financial strength to qualify.
Instead of using tax returns, pay stubs, or employment income, this program allows eligible borrowers to qualify based on verified assets.
This is designed for borrowers who have wealth — even if they don’t have conventional income.
Program Features
Loan Amounts: Up to $3,000,000 (varies by assets and loan-to-value)
Qualification Method: Asset depletion/asset utilization calculation
Eligible Assets: Cash, brokerage accounts, retirement funds, vested investment accounts
Loan purpose: Purchases and Refinances available
Min Credit Score: 660+ (720+ preferred for better terms)
Property Types: Single-family residence, condo, 1-4 units
Income Documentation: No traditional income documents required; instead, we look at stocks, bonds, retirement funds, 401K, Life insurance cash-value, crypto, and all other types of liquid assets.
Occupancy: Owner-occupied, second home, and select investment scenarios
Down Payment: Starting at 20%
Reserves: 6–12 months depending on loan size and risk profile
No tax returns required. No employment income required. Qualification based on your assets — not monthly paychecks.
This program rewards financially strong borrowers who have accumulated wealth and want financing without traditional income documentation.
Program Highlights
Loan Amounts: Up to $3,000,000 (varies by assets and loan-to-value)
Loan purpose: Purchases and Refinances available
Down Payment: Starting at 20%
Income Documentation: No traditional income documents required; instead, we look at stocks, bonds, retirement funds, 401K, Life insurance cash-value, crypto, and all other types of liquid assets.
Qualification Method: Asset depletion/asset utilization calculation
Property Types: Single-family residence, condo, 1-4 units
Reserves: 6–12 months depending on loan size and risk profile
No tax returns required. No employment income required. Qualification based on your assets — not monthly paychecks.
This program rewards financially strong borrowers who have accumulated wealth and want financing without traditional income documentation.
How It Works
Apply Online
Get Approved
Fund
Apply Online
Get Approved
Fund
Equinox Makes Financing Easy for Asset-Rich Borrowers
We help structure assets properly before submission so the file is presented clearly, reducing conditions and unnecessary back-and-forth.
The goal isn’t just approval. The goal is approval with confidence.
We help you leverage your balance sheet strategically.
Why Choose an Asset-Based Loan?
If your assets tell a stronger story than your tax returns, this program works in your favor.
You built the wealth. Now let it qualify you.
We are the Alternative Mortgage Financing Experts.
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Answers to Your Questions
What Is an Asset-Based Loan or Private Money Second Mortgage?
Also called a private money loan or hard money loan, it is a private second mortgage secured by the equity in your property.
- A short-term financing solution, commonly 6–24 months
- Approval and loan amount based on your property’s value
- Typically used for business purposes only
As a second mortgage placed behind your existing first mortgage, this program allows you to keep your current low rate without refinancing your primary loan.
How Is This Different from a HELOC?
An asset-based loan is built for speed and flexibility that’s not matched by HELOCs.
- Much faster closing times
- Approval is often less strict regarding credit scores and credit histories
- Often requires no tax returns or employment documentation
- Lump-sum disbursement vs. a HELOC’s revolving credit line
Because they offer expediency with fewer approval hurdles, asset-based loans commonly have higher interest rates compared to HELOCs.
How Fast Can These Loans Close, and What's Required?
Many private money loans can close in 7–10 days. Some accelerated scenarios can move faster than this, and closings that take more than two weeks are uncommon.
Requirements typically include:
- Basic property details and proof of equity
- Expedited property appraisal or alternative valuation method
- Credit checks may not be run in many cases
- Focus on the asset’s value rather than your credit score
How Can I Use the Funds from This Loan?
You have flexible options for deploying your capital to grow your portfolio.
You may be able to:
- Cover renovation costs to increase a property’s rental value
- Consolidate investment-related business debt
- Build cash reserves for vacancies or investment opportunities
What Are the Typical Terms and Trade-Offs?
Terms are often:
- Short-term structure, commonly 6–24 months
- Interest-only monthly payments that don’t reduce the principal
- Balloon payment due at the end of the term
Trade-offs can include:
- Higher interest rates than traditional loans
- Upfront costs such as origination and appraisal fees
- Repayment pressure that requires a solid exit strategy
When Does a Private Money Second Mortgage Make Sense?
Common short-term scenarios include:
- Securing a new investment deal quickly
- Funding urgent repairs or renovations
- Bridging a gap until long-term financing is in place
- Meeting a strict purchase or refinance deadline
- Financing properties that don’t qualify for traditional bank loans
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