Who are the Best Hard Money Lenders in Aurora 2023?
Finding the best hard money lenders Aurora is critical to your investing success. Whether you’re looking for a fix and flip loan or a BRRRR strategy, a bad hard money loan can set you back thousands of dollars. On the other hand, a good hard money loan from Aurora’s top providers will give your business buying power and allow for exponential growth in less time than any other source of financing available out there.
Aurora has a limited selection of local private money lenders. With that said, there are several national lenders who are available to loan throughout Aurora. Rates on hard money loans issued to Aurora investors average a standard 9-12% with an average loan amount around $283k. The median loan term is around 6-12 months. The mean hard money loan includes origination fees in the 2-3% range with standard LTV averages around 75-80%.
Here’s our short list of the top 5 Best Hard Money Lenders in Aurora:
- Hard Money Mike
- Merchants Mortgage & Trust Corporation
- Tri-State Mortgage
- Stratton Equities
- Hard Money Man
Featured Listing
Pine Financial Group
As real estate finance experts we understand what it takes to get your investor deals closed. Pine Financial Group works exclusively with real estate investors by providing complete support through the real estate closing process. When you work with Pine Financial you will find that you are working with a professional in the industry. We are investors ourselves and understand the challenges facing real estate investors today. Having your best interest in mind is important because we only succeed when you succeed.
Pine is Fantastic!
"Kevin, Jared, Danielle - the whole team is great. Their ability and willingness to structure a deal that is outside of traditional parameters is unmatched. Would love to continue to work with Pine any time the opportunity presents itself.”
- Samuel H.
Top 5 Best Hard Money Lenders Aurora Colorado
1. Hard Money Mike
Hard Money Mike is our first Aurora CO hard money lender. They have a stellar Google profile and a professional website. Hard Money Mike offers loans for fix and flips in Colorado and parts of the Midwest.
If you have experience in fix and flips, construction, and/or real estate, they can provide:
- In-house funded loans with an interest rate of 8%. (Loans out of Colorado start at 9%.)
- Fund up to 90% of purchase and 80% of rehab.
- Higher loan-to-value loans.
2. Merchants Mortgage & Trust Corporation
Up next is MMTC. They have another highly rated Google My Business profile and an excellent website. Merchants Mortgage is a private real estate lender headquartered close to Aurora in Greenwood Village, CO. They also have affiliate offices and lending partners in various other locations. MMTC specializes in short term residential bridge loans for investors, commercial loans, construction loans, and rental property loans. The Company offers logical loan structures and underwriting to meet the timing and transaction needs of the market.
Here’s some more info about their fix and flip program:
- Up to 90% of Purchase Price plus 90% of Repairs (90% Loan-To-Cost).
- 8% to 10% Fixed rate Depending on Down Payment, Property and Borrower Qualifications.
- Origination Fee: 1.50% to 2.25% Depending on Down Payment, Property and Borrower Qualifications.
- Loan Term: 6 months with an automatic 6 month extension.
- No prepayment penalty.
3. Tri-State Capital
Tri-Statw Capital is our next Auroraa hard money lender. They’re located close by in Centennial CO. They have a solid Google profile and have been in the industry for years.
Tri-State Mortgage specializes in hard money loans in Colorado. They have several different programs to suit the borrower’s needs. Their programs range from 12 month bridge loans to 30 year home loans.
Here are some of their typical fix and flip loan terms:
- Finance 100% of purchase, you bring in fix up cost
- 9.75% rate
- 2 points
- Loan to cost and 65% Loan to value.
- Six to 12 month terms with built in extensions
- Loans from $150,000 to $1,500,000
4. Stratton Equities
Stratton Equities is the leading Nationwide Direct Hard Money & NON-QM Lender that specializes in fast and flexible lending processes. Our team is owned and operated by experienced Real Estate Investors providing a reliable and knowledgeable team to help all Real Estate investors succeed.
Their Hard Money and Direct Private Money loan programs support the following investment projects:
- Fix and Flip
- Cash Out – Refinance
- Fixed Commercial Loans
- Commercial Bridge Loans
- Bridge Loans
- Stated Income/No-Income Verification Loans
- Rental Loans
- Foreclosure Bailout Loan
- NO-DOC
- Blanket Loans
- Fixed Rental Programs
- Multi-Family Loan
5. Hard Money Man
Hard Money Man LLC is a New Jersey based private money lender. They’re a national lender but they loan to many Colorado cities including Aurora. With over 20 years of experience in hard money loans, they’re one of the most experienced lenders avaailable. They’ve closed and funded over 7,500 loans totaling over 1.2 billion in transactions.
Here’s some more details:
- Rates from 8% for more experienced investors
- Funding up to 90% of Purchase Price
- 100% of Rehab up to 75% ARV
- Credit requirements: 650+ for new investors, 620+ mid for experienced
- Minimum 65k purchase price
- No Prepayment penalty
Best Hard Money Loans Aurora FAQ
Who is the best hard money lender in Aurora?
Here’s our short list of the top 5 Best Hard Money Lenders in Aurora:
- Hard Money Mike
- Merchants Mortgage & Trust Corporation
- Tri-State Capital
- Stratton Equities
- Hard Money Man
What do Aurora hard money lenders charge?
Hard money loan rates in Aurora range from 9 percent to 12 percent for shorter and mid range terms. Most hard money lenders also charge points or origination fees on a loan ranging from 2-3%.
Do Hard Money Lenders in Aurora require appraisals?
Many hard money lenders in Aurora will require an appraisal.
What is hard money in Aurora?
Hard money loans in Aurora are short term loans secured by real estate. These loans are used to purchase and/or rehab residential or commercial properties. They’re more expensive than traditional bank loans but can be closed faster and with less credit requirements.
