We heard from you! And after months of research and delay, we present to you: Lender Tribune’s 1st Annual Top 50 Mortgage Lenders and Brokers 2020.
If you were looking for the best Mortgage Lenders and Brokers in the nation who you can count on to close your Residential, Commercial, Purchase, and Refinance Loans, you’ve found the place!
- If you believe you belong on the list, please add yourself and share your link to get up-voted!
- Feel free to vote on any of the Mortgage Lenders and Brokers!
Disclosure: We are dedicated to suggesting the best products for our readers. We may receive compensation when you click on links to products, but this never affects suggestions or reviews.
Direct global bridge and hard money lender based in New York offering many financing options including acquisition funding, construction loans, mezzanine financing, permanent financing, structured joint venture financing and commercial real estate financing, hard money loans, and private lending.
With over $2 billion in transactions including land, development, and even equipment loans, they can close loans from $1M to $100M.
Direct hard money lenders, offering commercial and non-owner-occupied loans based on the asset itself, not the applicant’s credit. They can deliver a pre-approval in minutes with a quick closing for both residential and all types of commercial transactions.
They can offer 1st or 2nd position loans, with long term 30-year loans. Some of their loans have no pre-payment penalty with loan amounts up to $20 million.
A unique loan offered is their residential owner-occupied business purpose loan in 2nd position
Chicago Illinois based private money lending company providing equity-based loans for commercial and investment real estate transactions sine 1995. They work with real estate property owners, investors, developers, and distressed property investors. They focus on funding single-family homes, condominiums, and multi-unit buildings in the Greater Chicago area including Wisconsin and Indiana.
They offer Construction Loans, Commercial Loans, Hard Money Loans, and long-term hold investments like rental homes, multi-family, or short-term vacation rentals.
Phone – (312) 938-0492
Serving the greater Chicago, Wisconsin, Indiana, Illinois area and beyond.
Founded by Darel I. Daik in 2003, provides funding for residential rehabs, commercial rehabs, purchases, refinances, and cash-outs on residential and commercial properties for investors who do not qualify for conventional financing.
They will consider retail, offices, single-tenant properties, residential, or multi-family.
Offering hard money products from $50k to $1.5M in Houston, Austin, San Antonio, and Dallas/Fort Worth Texas. They are creative and lend on ARV (after repaired value) up to 75% which includes 100% of the rehab budget, this could equate to 100% LTC (loan to cost).
Serving the greater San Antonio, Texas area and beyond.
Hard Money lenders in Arizona who are trustworthy, efficient, and experienced, they will fund your next commercial acquisition, construction project, fix and flip or buy and hold property.
They offer low rates on hard money, with a quick 24-hour turnaround for business purpose hard money loans. Construction and Land loans are offered to developers, raw undeveloped land, land banking, plotted and engineered lots, improved lots of commercial units.
They fund the loan based on the lot and fund up to 70% of the land and 70% of the construction costs. The average closing time is 10 days.
If you are the beneficiary or heirs of real estate property, they can provide a quick and fast-funded short-term loan commonly known as an inheritance advance or probate advance.
Inheritance loans, trust loans, estate loans, and probate loans must be made to residents of Arizona.
Phone – 480-470-1080
They are a private lender specializing in fixed-rate bridge loans for real estate investors and developers. They fund loans in Philadelphia and the surrounding counties only.
Since being founded in 1956, they’ve funded thousands of investment projects with 750 loans totally just under $150M being funded in the past 5 years.
They offer a personal touch by personally meeting every client and inspecting every property, they conduct their own valuation and will handle the draw inspections in-house for a smooth turnkey process.
Phone – 215-844-1200
Serving the greater Philadelphia, Pennsylvania area and beyond.
Lending hard money since 2005 in Dallas / Fort Worth, Austin, San Antonio, Houston, and the Gulf Coast, direct lenders funding loans using the ARV (after-repaired-value) to inexperienced and experienced borrowers with good credit and solid reserves, can secure a loan with no interest charged on rehab funds until they’re used, they provide up to 18-month term with 100% of rehab budget funded with 24-48 hr. the turn-around time to get draw requests.
They offer a 30-year loan with options for 3-5 yrs. being interest only up to 80%.
Phone – 210.303.2425
Serving the greater Fort Worth, Texas area and beyond.
The top-rated direct private hard money lender in San Diego and Los Angeles since 2007, has since expanded to Phoenix and surrounding areas Scottsdale, Mesa and Surprise and Texas from Austin to El Paso and everywhere in between. Funding over $250M in commercial and residential loans
For residential they will lend on single-family, condo, apartment and 1-4 units. They fund commercial asset types like office, retail, multi-family, storage, and industrial.
Their loans allow for complete rehabs, fix and flips or buy and hold strategies. Quick approvals and automated loan processing ensure fast decisions and funding.
Phone – 888-251-0861
Serving the greater San Diego, California area and beyond.
San Diego based hard money lender specializes in 1st or 2nd position equity-based residential and commercial real estate loans through-out California from $50,000 to $5M for up to 5 years.
They will fund multi-family over 5 units and apartment buildings, as well as retail, industrial, mixed-use, and offices.
They have stated loans for self-employed borrowers, regardless if you have recent foreclosures or short sale on a property. They don’t require a minimum credit score or income. No financials, tax returns needed to apply.
Phone – (858) 764-4436
Based in Dallas / Fort Worth, Texas area, for the past 6 decades have been funding ARV based short terms bridge loans for non-owner residential investment properties for acquisition and remodeling. There are no pre-payment penalties with max loans at $1M.
Closings are fast, within 7 days, and even 24 hours if the docs are put together completely.
Inspections for draws are within a 1-day turn-around.
Phone – (972) 573-3300
Serving the greater Dallas, Texas area and beyond.
With 50 years’ experience as a direct private money lender, funding non-owner occupied residential, commercial, industrial, and multi-family loans include fix and flip, construction, refinance, with 24-hour approvals and closings within 3 days.
They help borrowers in California, Texas, and Nevada. Loans from $50k to $3M based on 65-70% ARV up to 85% acquisition and 100% of the rehab and no pre-payment penalty.
They allow seller financing or additional cross collateral to be used to decrease risk. You can choose to bring a 2nd gap lender in 2nd position, or another source of down-payment. They allow multiple properties to be financed by the same investor.
Phone – 858-720-0229
Serving the greater San Jose, California area and beyond.
Offering no appraisal, no junk fees, and no pre-payment penalty, They can finance rehab projects, new construction, or buy/hold properties in Austin, Dallas, Houston, San Antonio, and California.
They underwrite, close, and services all loans in-house making the process streamlined.
Multi-family programs are from $500k to $5M with no minimum credit, 12-24 month terms with extensions, up to 85% LTC (loan to cost), or 70% LTV (loan to value).
The new construction program facilitates the complete build from start to finish. Loans from $100k to $3M can be used to build from a vacant lot or tear down existing homes. Draws are provided within 24-48 hours.
Their Easy Elite program rewards experienced investors with 5+ completed deals within the last 2 years and 700 fico scores, with low monthly interest payments up to 90% loan to cost, 24-hour approvals, and quick closes.
Phone – (512) 271-0941
Serving the greater Austin, Texas area and beyond.
With offices in New York and Jacksonville, primarily lending to the Eastern States with sweet spots being in Central Florida, New York, and Jacksonville. They fund hard money, rehab, construction, and fix and flip loans from in little as 10 days with 12-24 month terms.
Residential, Commercial, Industrial, or Vacant land property types are OK.
These loans are for experienced builders and investors with $500k in liquid capital/equity.
They have a special residential bridge loan program for homeowners who are denied a HELOC or home equity line of credit, you can use this loan to fund a second home, whether it’s a new primary home, vacation home or investment property.
This gives an opportunity to buy a property while your current home is almost on the market or ready for sale.
Phone – 904-495-3374 / 845-216-1228
Serving the greater Jacksonville, Florida area and beyond.
Texas-based Hard Money lenders makes loans in the Dallas, Fort Worth, San Antonio, Austin, Houston, Oklahoma City, Denver, Boulder, Kansas City and Atlanta markets.
The max LTV is 75% of ARV (after repaired value) on fix and flip projects with 48 hr closing possible, 6-24 month loan terms.
It takes around 3-5 business days from time of request to receive the draw funds in your account.
They offer transactional funding which is a 2-day loan, with same-day funding possible, fees paid through closing, and on the HUD, end-buyers funds must be at the title company to get DFW Hard Money to fund. 100% of your transaction will be funded.
Phone – 817-406-1765
Serving the greater Texas area and beyond.
Hard Money Loan service partnered with lenders nationwide. They serve borrowers in Texas, California, Arizona, Florida, New York, Illinois, Georgia, and most states.
They arrange loans for multi-family apartments, shopping centers, mixed-use, office, retail, hotels, NNN, net-leased, and industrial properties.
They feature a 100% Financing Program: they will lend up to 70% of ARV to include purchase price, rehab budget, closing costs and carrying costs to experienced borrowers with a track record with the property type being purchased, also borrowers must have liquid cash in the bank to make the payments when the 6 months reserves run out. The only out-of-pocket cost is the MAI appraisal. From $1M to $10M for 12 months. Must have a solid exit strategy to pay off the loan within 12 months.
Phone – 214-840-9410
San Francisco based private lender helps borrowers from all levels, if you are just starting out, and closed less than 3 deals, you can get up to 85% of the purchase price funded with 100% of the rehab budget funded. You can borrow up to $1m in 5-15 days.
With no application fees, low rates, they reward experienced borrowers with one underwrite per year, 5-day close, no appraisal required before closing, up to 125% of rehab costs with holdback, up to 90% of the purchase price funded. They allow investor exposure over multiple projects to $5 million based on 75% of ARV.
If you plan on holding properties, they can provide 80% of the property value with no bank reserve requirements or asset verification. They can quality without using qualifying property income. Borrow up to $2 million with $500,000 in cash out. They require that you have a 640-fico score. They offer rental loans in AZ, CA, CO, CT, FL, GA, KY, NJ, OK, NY, NV, SC, TN, TX, and WA.
Phone – (844) 415-4663
Private Lender based in Matthews, North Carolina, founded in 2006, can provide a quote in the same day, will provide loans for bridge loans with 24 months with 620 credit score, that could need rehab, or buy and hold rental properties, or new construction and commercial and multi-family.
They feature financing for wholesalers who want to purchase and quickly re-sale a property the same day – transactional funding with no upfront fees and no fees if the deal doesn’t close. These are structured as double closing in 44 states except New York, California, Hawaii, Alaska, Utah & Nevada.
Generally, this is a back to back closing, but can be extended for up to 6 months.
They will provide a proof of funds letter upon request.
If you desire to build new construction, they can provide $75,000 to $2 million nationwide except MN, NV, ND, OR, SD, VT & WV. The terms are for 12 months at 10% with 70% of the after built value.
Phone – 888-309-1972
Established in 2006, Mortgage broker serving Indianapolis, Indiana, family-owned and operated, has a wide variety of loans available including Conventional loans with low-down-payment options, Cash-out and Adjustable Rate, Renovation loans, Construction loans, Bridge loans, Jumbo loans up to $2 Million, FHA, VA, Reverse Mortgages, Investor loans – purchase, rehab loans, stated income.
They have some specialty loans – Lot loans, blanket loans, and bank statement program for self-employed borrowers.
Phone – (317) 284-9716
Serving the greater Indianapolis, Indiana area and beyond.
Private Financing Firm serving the Pacific Northwest since 2004, based in Kirkland Washington, Eastside Funding LLC specializes in providing ground-up construction, development, rehab loans to investors within 72 hours, providing a proof of funds letter upfront.
They don’t require any inspections, credit checks, or appraisals.
Loaned over $2 Billion on Fix and Flip, hard money loans on vacant land, and rental portfolio loans. If you want to wholesale property in WA, you can upload it to their Wholesale Hub, maybe Eastside Funding will acquire it.
Phone – (425) 230-0000
Serving the greater Kirkland, Washington area and beyond.
Brian Quigley has been serving the Denver Colorado area since 2003, as a mortgage lender – Brian can help you find an FHA/VA, Conventional, USDA, Jumbo, Rental Portfolio, Construction loan that will work for you.
He can work with you if you’ve had a foreclosure or bankruptcy, or if you want to build a property.
Specialty loans include: Condotel loans, Jumbo and Super Jumbo loans, Manufactured home loans, and Private / Hard money loans.
He will lend to foreign nationals or help with HARP rehab loans.
Phone – (720) 524-3215
Serving the greater Denver, Colorado area and beyond.
Private hard money lender based in Falls Church, VA specializes in Acquisition, Fix and flip, Cash-out refinances, Transactional Funding, Bridge Financing, Rental loans, and new construction.
Serving Washington DC, Virginia, Maryland, Pennsylvania, and North Carolina.
Loans Offered: Fix and Flip Financing to 90% with experience, making loans to $5 Million with no pre-payment penalties, closing in 48 hours.
With rates between 7.75% and 11% with 12-month terms. Bridge loans from $100k to $5 million, they are not driven by credit.
Phone – (703) 348-0549
Private money lender based in El Paso, Texas, locally owned and operated serving the area including surrounding areas.
The company owns sister companies in construction, property management, title, and real estate brokerage, they can possibly provide multiple services with one transaction.
They have multiple zero down programs when fix and flipping a home, even converting from short-term to long term 30-year fixed.
Phone – 915-320-6633
Serving the greater El Paso, Texas area and beyond.
Asset-based lenders providing creative funding solutions based in Metro Detroit. They don’t require any upfront fees, with no minimum credit or income documents.
They offer investors a single closing fix to rent loan, avoid 2 sets of fees. You must have a 620 credit score and submit a loan between $75,000 to $5,000,000.
Get up to 90% of the purchase and 100% of the rehab budget funded with no credit score requirements, stated income, a 12-month term with no experience needed.
No tax returns, or W2’s needed.
Phone – 877-344-4273 / 313-772-1958
Serving the greater Detroit, Michigan area and beyond.
Nationwide Commercial Mortgage Lender, Founded by Anita Huedepohl serving for over 15 years.
They provide funding for Apartments / Multi-family, Industrial \ Mobile Home Parks, Mixed-use, Self Storage, Assisted Living, Hotels, Senior Housing, Assisted Living, Hotels, Senior Housing, Offices, Commercial Developments, SBA / USDA, Warehouse, RV Parks, Retail Space, Gas Stations, Convenience Stores.
Phone – (615) 417-4710
Portland, Oregon based direct private mortgage lender, takes pride in maintaining a streamlined, in-house underwriting and closing/funding process.
If borrowers need extra time and have been in good standing, they don’t charge extension fees, which is really important because the market can be unpredictable. As we’ve seen in this special time.
Conversely, they won’t punish you with a penalty if you choose to pay off your loan early.
They offer reasonable loan terms- $50,000 to $2,000,000, appraisals are not required; closing in about 5 days, they encourage borrowers to go after bank-owned or distressed assets, they can cross-collateralize existing properties in your portfolio and pre-approve you for up to 80% of the purchase price.
No minimum credit score, no tax returns needed.
Phone – (503) 941-5473
Serving the greater Portland, Oregon area and beyond.
Direct Private Money Lender for real estate investments, you are working with the source of capital, with over 30 years of industry experience and located in Orlando, Florida and will make loans in GA, SC, NC, VA, WV, MD, CT, Mass., ME, NY, OH, KY, TN, AR, Missouri, Ill, Ind., MI, WS, WA, TX, CO, and more states.
It’s easy to get approved if you’ve demonstrated a successful flip in the past, this is how they qualify you, with funding in 7 days.
They have programs for rehabs, rental properties, refinance cash-outs, and commercial loans.
Need a Proof of Funds letter? They’ll happily provide one for leverage with the seller.
80% of ARV allows for 10% down all-in closing. They don’t have a minimum credit score and boasts a 15-minute pre-approval timeline.
Financing up to 100% of the project costs for “pro-investors” those with 4+ completed projects, with 95% financing if you’ve completed 1-3 projects, and finally, 90% if you’re a new investor.
Of course, these projects will have to have an obvious upside and profit potential and will be under strict pre-underwrite.
Phone – 866-500-4500 / 407-447-1000
If you’re looking for a broker in Oklahoma City, try Dean the Mortgage Machine.
They have modified their business practices to accommodate for Covid-19 safety guidelines by introducing Door Delivery Closings – an optional process where you present your ID to the window or door to be verified, then the closing agent places the closing package on your doorstep and steps back so you can retrieve. Later, both parties using video chat applications can communicate through the signing. Afterward the borrower can place the signing package back the doorstep for the closing agent to take back.
His virtual e-closings can be completed from the safety of your home.
Phone – (405) 266-2267
Serving the greater Oklahoma City, Oklahoma area and beyond.
Direct Lenders based in Louisville, Kentucky, who specializes in funding rehab fix and flip deals. They will finance 90% of the purchase price with 100% of the rehab costs.
They will offer up to 6 months with no payments, if you can pay off your loan within that time, no payments would be due. This is essentially good for quick flip opportunities. They will give you up to 12 months to pay off your loan.
With no minimum credit score requirement, they base the underwriting on the experience of the principal and the property itself.
Phone – 888-445-3547
Serving the greater Louisville, Kentucky area and beyond.
With partners with 20 years of experience, based in Baltimore Maryland, Hard money lenders serving the Maryland and Mid-Atlantic, they offer loans for New construction, Fix and Flip, long term holds, residential and commercial including warehouses and industrial properties.
Their base loan terms are 80% of the purchase and 100% of the rehab costs. With 12 month terms and no pre-payment penalties, their rates range from 12% to 15% funding 5 days after complete qualification. They can close a loan in one workweek.
Phone – (443) 898-4090
Serving the greater Baltimore, Maryland area and beyond.
Based in Milwaukee Wisconsin, Milwaukee Hard Money has been funding loans for 10 years, welcome the purchase of distressed assets needing repair, or foreclosures, burned out, fire damaged structures estate sales and similar opportunities.
By lending on the ARV (after repaired value) up to 65%, they offer leverage on existing liquid reserves. Fix and Flip loans can be supported with a rehab draw budget
With no credit check needed or used to qualify they strictly use the asset as the deciding factor.
They put on workshops on investing and have lots of resources on their website.
Phone – (414) 269-5300
Serving the greater Milwaukee, Wisconsin area and beyond.
Indigo Mortgage began in 2003 by a husband and wife team, the Albuquerque, New Mexico mortgage broker, they also serve Rio Rancho, Belen, and Santa Fe.
Indigo Mortgage can provide residential, construction loans, as well as commercial loans.
When qualifying for the construction loans, they make sure you qualify for the payoff/exit into the long-term, refinance loan after the construction process. Purchasing the land is also allowed and large remodels are not a problem.
With access to SBA and stated income loan products, they can help owner-occupied business owners with purchases, refinances.
Asset types include: Retail, Hotels, Strip Malls, Auto repair shops, Apartments, RV Parks, Mixed-use properties, Mobile Home Parks, Churches, Storage units and office buildings
You can apply and complete the entire process from home.
Phone – 505-836-5700
Serving the greater Albuquerque, New Mexico area and beyond.
Hard money lender and private investor based in Phoenix Arizona offering loans on single-family, multi-family homes, secondary/vacation homes, horse properties, rental and sales, restaurants, industrial, office buildings, short sales, retail buildings, store loans, and bridge loan gaps.
No pre-payment penalty, owner-occupied loans up to 80% LTV, investor loans up to 70% LTV. 100% financing possible if you have other properties they can use as additional collateral. 30 years fully amortized loans with no balloon.
They ask for an upfront fee of $1920 to cover application, processing, document prep, and lender inspection of the project.
Their fix and flip loans are priced at 14.99% at 70% LTV with 1-year terms.
If you are searching for No Money Down Hard Money loans, and you’re in the Scottsdale or Phoenix area you should contact them for your next purchase or refinance.
Phone – 480-948-0880
Serving the greater Phoenix, Arizona area and beyond.
If you are in the Fresno, California area and looking for a full-service mortgage team, consider Mid Valley Financial, they have a mobile application to make the home buying process smoother which allows borrowers to scan and upload docs securely, live status, direct messaging and home search with reminders, alerts, and calculators for your convenience.
They help 1st-time homebuyers and homeowners with VA/FHA and conventional mortgages. You can build a home with their residential construction loans from $75,000 to $3,000,000 at 90% LTV with a 700 credit score. Jumbo, Stated, and Bank Statement loans for self-employed borrowers with 650 credit scores.
With a variety of loans to accommodate acquiring a new business or expanding an existing business in California. Loans amounts from $500,000 to $10,000,000 up to 70% LTV perfect for Retail, Professional complexes, Industrial warehouses, and Medical offices.
If you’re considering using the SBA loans for Hotels, Motels, Gas stations, Convenience stores, a Franchise, Fast food restaurant, or car wash, they can help from $500k to $2M up to 90% LTV.
Developers can build spec homes from ground-up or investors can get funds for fix and flips or remodels from $50k to $2M with 8%-12% rates up to 65% LTV for residential and commercial properties.
Maybe you need to purchase a vacant lot or piece of land? They can finance Residential, Commercial, or Agricultural from $50k to $5M rates from 9.99% to 13% with 50% LTV.
Phone – 559-400-7580
For over 65 years, American Savings Life Insurance Company has been lending arm responsible for making the Not So Hard Money loans in Mesa Arizona.
They have niche funding including a program with 2, 5, 10, or 15-year terms, but the loans are capped at 55% at the current market value or purchase price. They loan on Commercial, Industrial and Residential investments in 12 Western States.
2nd position loans are fine as long as the combined loans don’t exceed 65% LTV.
Bankruptcy, tax liens, prior foreclosures, and low credit scores won’t keep you from getting financed.
Phone – 877-566-5001
Serving the greater Mesa, Arizona area and beyond.
Full-service private money lender based in Sacramento, California serving most States nationwide helps investors with financing commercial, new construction, and residential up to 90% of the total project’s cost for fix and flip projects.
Construction Completion Financing
Optimus Capital works with builders and developers structuring new construction, mid-construction, and completed construction loans. They provide quick bridge loans designed to help you complete your project, pay off existing loans, or allowing more time to sell or refinance.
Rental Single Asset Loans
Loans for 1-4 unit rental units are available nationwide with 3, 5, 7 or 10 years amortized over 30 years or 30 year fixed loans available.
Phone – 916-414-8861
Privately funding commercial and residential hard money loans since 1975 in Florida, Denver, Colorado, Georgia, and Illinois, this Direct Private Real Estate Lender requires no upfront fees, all credit OK, loans up to 10 years, and can close in 10 days.
Fairview Commercial Lending has no credit score requirements, minimal documentation and since they loan their own funds, they underwrite in-house with no upfront due diligence fees, this allows you to avoid wasting money on appraisal fees, submitting tax returns, etc.
Phone – 866-709-9994
Hard money lenders in Kansas City, Missouri funding borrowers with Fico scores of 500+ for fix and flips and 600+ for rentals. Up to 100% financing on fix and flips and 90% on rentals.
Rehab loans are usually 6-12 month interest only, with rates starting at 8%.
Commercial bridge loans are from 12-36 months and 9-12% interest only with a $100k loan amount.
They offer 100% of the purchase and 100% of the rehab cost, up to 70% of the after-repair value, has a 12% interest-only with no pre-pay penalty. There is no risk applying with no upfront fees and either a desk appraisal or “subject to” appraisal.
The traditional hard money flip terms are 90% of the purchase price, with 100% of the rehab cost, up to 70% of ARV. Rates are from 8-12% with no pre-payment penalties based on borrowers’ personal experience.
Minimal docs needed to close in 10-15 days, available in AZ, ID, MN, NV, ND, and SD.
To close, you’ll need an appraisal, minimum 600 credit scores, no derogatories in the last 2 years, sufficient liquid assets to cover the down payment, fees, closing costs, and 3 months interest reserves.
Phone – (816) 293-2999
Serving the greater Kansas City, MO area and beyond.
Full-service real estate company based in Colorado Springs, Colorado, portfolio lender offering hard money loans, both residential and commercial, and creative financing options in their backyard.
They will make 1st and 2nd position loans on single-family homes, townhomes, condos, small commercial properties, and vacant land. You don’t need perfect credit, and foreclosure/bankruptcy won’t keep you from getting funded. If you are an ITIN borrower, this is fine, self-employed borrowers can submit bank statements and profit/loss statements.
They offer owner-occupied loans, fix and flip loans with 6-month terms at 11.25%, bridge loans at 12% with 12 months terms.
Borrowers must be in Colorado and have proof of income (2 years IRS tax returns, or 2 years W-2’s/1099s, 2 paystubs or bank statements, homeowner’s insurance, and pay for your appraisal.
Phone – (719) 550-9898
Serving the greater Colorado Springs, Colorado area and beyond.
Miami Florida based mortgage company can source various loans including condotel financing and the full range of traditional loans and investor funding.
Investors can take advantage of hard money terms 90% of your purchase price, up to 70% of ARV with 100% of the rehab costs held back. Eligible properties can be SFRs, 2-4 units, Condos, and PUDs. Minimum loan amount is $50,000 to $1,000,000 for 12-month terms with no pre-payment penalty.
Lending Bankers Mortgage underwrites based on completed flips within the past 2 years with no derogatory public records within the last 24 months with a minimum of 550 credit score with 7.25% with cash reserves of at least $15,000.
They can provide Fannie-Mae backed loans for new construction and development. This can include permanent financing for acquisitions and refinances.
As an international lending agency, projects like hotels, resorts, condotels, and large construction projects in South America and the Caribbean are acceptable, they also offer niche financing for Energy & Aviation projects over $2M.
Phone – (786) 425-3211
Family owned and operated providing financing for properties located in North Carolina since 2001, Raleigh Mortgage Group has a full suite of loans including some I’ve never heard of before including:
HUD REO Loans – Which are rehab loans designed to purchase HUD-owned foreclosed properties, you only have to contribute $100 down payment, pretty close to 100% financing.
There is usually an inspection performed and the report can be provided to you.
VA 100% Cash-Out Refinance
If you qualify, as a veteran you can obtain a 100% financing loan with no Private Mortgage Insurance, no or low loan funding fee, even if you have lower credit scores or higher debt ratios.
You can borrow up to 100% of the appraised value on a refinance for cash-out or debt consolidation
Investor Based Loans
Fannie Mae Delayed Financing Program -Designed to refinance a property within 6 months that was purchased with no mortgage, they base the loan-to-value on the final appraised value up to 75% with no private mortgage insurance, which reimburses you for your investment, this is for buy and hold investors.
Freddie Mac – You can use this for purchase with 15% down to buy your first 1-4 properties, but this loan has PMI.
Fannie Mae’s HomeStyle Renovation loan – provides acquisition and rehab funds with a down-payment, designed for buy and hold.
Fix and Flip – Based on the borrower’s experience in fix and flipping homes, also the value of the home
Phone – 919-866-0212
Serving the greater Raleigh, North Carolina area and beyond.
Dan Paladin, Mortgage Lender, and Broker based in Long Beach, California has been offering Fix and Flip and Bridge loans include purchase and rehab from $100,000 to $10,000,000. No pre-payment penalty for 12-24 month loans, closing in 5-10 days.
If you are a buy and hold investor with 1-4 unit properties, you can purchase or refinance a single property or a portfolio with minimum debt service coverage ratios, closing in 7-15 days with a variety of adjustable-rate mortgages to fit your scenario.
Foreign nationals can also get financed with no income documentation.
Phone – (562) 254-5616
Serving the greater Long Beach, California area and beyond.
Washington, DC-based private money lender can relate and understand their clients – independent real estate builders, developers, and investors in the Mid-Atlantic, Southeast, Northeast in DC, VA, MD, DE, PA, NC, SC and TX with 30 years of construction experience.
Loans from $150,000 to $2,500,000 from 6-24 month commercial loans. No interest payments up to 6 months and no need for perfect credit. Qualify based on the project.
They have options to finance 80-100% of your closing costs and points, can close in 3 days.
Phone – 703-263-8051
Lakeville, Minnesota based Lender specializes in providing construction loan financing for builders, remodelers, and land developers in Minnesota, Wisconsin, North Dakota, South Dakota, Iowa, and Nebraska.
They help with new home construction, builder loans, fix and flip, lot/land loan, development or hard money with available capital to support business expenses.
They provide niche financing as well such as: Operating capital for business, Collateral loans secured by your personal home, personal vehicle, or business inventory and equipment that you may own.
Phone – (651) 289-6400
Serving the greater Minneapolis, Minnesota area and beyond.
Commercial Real Estate Financing based in Tulsa, Oklahoma, Liberty Realty Capital Group is a full-service commercial mortgage broker that sources permanent loans, construction loans, multi-family loans, mezzanine or bridge loans for investors nationwide from $250,000 to $50,000,000.
Financing available for conventional, multi-family, student, and senior apartment properties.
Phone – 918-274-0044
With over 20 years of experience, Pioneer Realty Capital has become a preferred nationwide direct lender with a network of over 1,000 capital partners. By using multiple sources of capital, they can participate in deals as an equity investor (JV/Preferred) or as a mezzanine/senior debt lender.
They feature a crowd-funding platform to diversify their capital stack.
You can get financed for a loan for office, hotel, retail, multi-family, warehouse, self-storage, or assisted living and student housing.
Phone – 682-518-9416
West Florida based WLW Capital offers loans to investors throughout the State of Florida.
Residential Fix and Flip loans for 12-24 months from $50,000 to $2.5M and up to 70% of the purchase price. If you plan on Fix and Lease, they offer only a 12-24 month bridge loan at 10-12%. Closing in 7 days.
Commercial Loans are also available as bridges – 12-24 month loan terms available.
Unlike most lenders, they offer new construction financing, structured with a 7-draw minimum schedule.
12-24 months, $150,000 to $2.5M, up to 70% of total construction cost.
Phone – (813) 373-8667
Serving the greater Tampa, Florida area and beyond.
New Orleans based, private money lenders serving Louisiana – Baton Rouge, New Orleans and Shrevport.
They provide Fix and Flip loans, refinance, cash-out or new construction.
Rates as low as 7.49%, they can close in 10 days. No interest is charged on the un-used rehab budget.
They go up to 75% of ARV. The minimum loan amount is $75,000, max is $4M with exceptions allowed.
Also makes loans nationwide except Alaska, Nevada, North Dakota, South Dakota and Utah.
Phone – (866) 837-9547
As an Orange County, California based direct lender, you can rest assured that your short term bridge loan for: fix and flip, buy and hold or construction loan will get funded.
Closing in 7 days, in a rush can generate loan docs within 24 hours.
Borrowers that have credit issues that bankruptcy, foreclosure, or low Fico score is no issue.
LBC Capital will even extend credit to foreign nationals.
Residential or Commercial loans are fine.
Phone – (949) 516-5121
Serving the greater Newport Beach, California area and beyond.
Stratton Equities is based in New Jersey. They are nationwide Direct hard money and Non-QM mortgage lender.
They will fund hard money, fix and flip, bridge loans, new construction, Stated, Foreclosure Bailouts, and Cash-out Refinances from $75,000 to $20M. They go up to 75% ARV on residential. 500+ fico minimum credit score.
Single-family, Multi-family, Mixed-use & Commercial from 12 months to 30 years.
Phone – 800-962-6613
Baker Collins, based in Atlanta Georgia has closed 300 loans since 2015, they specialize in funding investors in the Southeast. They help with fix and flip loans, closing in 7-12 days, the Fix and Flip loans is based on 75% ARV, if your strategy is to buy and hold, a 30-year fixed is offered.
The stabilized commercial loan is from $100,000 to $20,000,000. with rates as low as 3.75% with terms out to 10 years with 30-year amortizations. They offer Equity and Mezzanine Financing for Commercial Real estate from $5M to $20M. Mezzanine is available for business expansion including the acquisition of a new property.
Baker Collins also funds SBA and 504 Loans for Owner Occupied properties and Non-Flagged Hotels.
CMBS Loans for Commercial Real Estate and Flagged Hotels.
Construction Financing for Commercial Real Estate also available with strong financials.
Phone – 770-988-4537
Serving the greater Atlanta, Georgia area and beyond.
Pimlico Capital is a hard money lender based in Baltimore, Maryland. We are a direct lender (not a broker) and leading provider of hard money financing in all 50 states.
Our team has real estate investor experience and knows what it takes to be successful in today’s competitive market. We work hard to build long lasting relationships by earning our clients’ trust, which is achieved through our transparent and straightforward lending process.
While there is no shortage of capital options for today’s real estate investor, if you want reliability, professionalism, and ultimately a superior lending experience, please contact us. We look forward to introducing you to the next level in real estate investment lending. Our pre-approved process is easy and painless.