Private money construction loans, often called hard money loans, are short-term financing options provided by individual investors, private firms, or specialized lenders rather than traditional banks. They’re ideal for real estate investors or builders needing quick funding for new home builds, renovations, fix-and-flips, or commercial projects in Arizona. Unlike conventional loans, they focus on the property’s value (after-repair value or ARV) and the borrower’s experience rather than strict credit scores or income verification. This makes them faster to approve (often within 24-48 hours) but more expensive due to higher interest rates and fees.