Best Hard Money Lenders Charlotte NC

Top 7 Best Hard Money Lenders in Charlotte NC

1. Old North Carolina Capital Fund

Old North Carolina Capital Fund is a Charlotte based hard money lender who offers asset based loans for investors. They offer rehab loans, constructions loans, bridge loans and transactional loans. They’re rates are a bit higher than most, but their process is simple, requires no credit checks and they’re highly rated on Google.

Here’s more info about their loans:

• 13.75% interst rate;
• 0% interest on construction money 
• 2-4 points 
• 6  month term with extensions​
• Up to 75% LTV​
• Flexible draw schedule

2. Civic – Daniel Molina

Daniel Molina with CIVIC Financial Services is the local Charlotte area private money lender. They specialize in the financing of non-owner occupied residential investment properties. CIVIC provides Mortgage Brokers and Real Estate Investors with a fast and cost effective source of hard money loans.

Civic is a national lender, but they’re very well respected in the industry. They offer a wide range of loan programs including fix and flip, construction, rental loans, long term, multi family and more.

Here is more about their rehab program:

• Up to 80% LTV
• Savings at Home Depot with their partner program
• Rates based on experience
• Interest only payments

#3. Lynk Capital

LYNK Capital is a hard money lender based in North Carolina. They boast many decades of experience in the business, with members of their team having either owned or held senior positions in numerous mortgage companies, banks, title companies, and other real estate businesses.

LYNK Capital has funded over $350 million of fix and flip loans. As a direct fix and flip lender, they can offer good terms and fast closings.

Here’s more info about their loans:

• They offer fix and flip loans for single-unit, multi-unit, and mixed-use residential projects
• Up to a maximum 75% of the renovated value
• They fund projects of any size with experience
• Purchases, refinances, and cash out deals are eligible
• Loan-to-value up to 75% LTV
• Loan-to-cost up to 90% LTC
• Loan terms up to 12 months

#4. Straightline Funding

Our next hard money lender in Charlotte is Straightline Funding. Straightline is a premier provider of Bridge Loans and Rental Property Loans. They’re also one of the top Transactional Funding Lenders in the Nation. They offer rehab loans, rental loans, bridge loans and transactional loans for real estate investors in the Charlotte NC area.

They were founded in 2006 and have provided millions of dollars in loans to local real estate investors who have improved properties, stabilized neighborhoods, created jobs, and built wealth. They don’t have the strongest ratings on Google, but they’re a well established brand in the private money industry. 

Here’s more info about their rehab loanss:

•  Loan Amounts: $50,000 to $1,000,000

• Eligible Properties: 1 to 4 Family

• No Doc/No Credit Options Available

• Loan Term: 12 to 24 months

• Loan to ARV: Max of 75%

• Up to 90% of purchase/100% Rehab

• Rates start at 7.50% – Interest Only

#5. UT Financial Services

Our next Charlote private money lender is UT Financial Services, LLC. They offer a range of financing options from short-term financing, such as bridge loans, hard money loans, or private money loans, to long-term needs, such as construction or permanent financing.

UT Financial Services also assists clients with business expansion loans through the SBA, USDA and Private Lenders worldwide. They can advise in transactional structure and assist in the selection and design of efficient capital solutions to meet transactional goals.

#6. Carolina Capital Management

Carolina Capital is a local South Carolina hard money lender. They offer an impressive range of private money loans for real estate investors with fast closings in as little as 10 days.

Here is a summary of their offerings:

• Single Family Residential Fix & Flip Loans – We currently finance up to 90% of the purchase and 100% of the rehab costs up to 65% of the ARV, 3-3.5 points, rates starting at 10.99% and 6 month term with interest only payments. No pre-payment penalties!
• New Construction Single Family Loans – Up to 85% Loan to Cost and maxiumum 65% ARV, 3-3.5 points, rates starting at 10.99% and 12 month term with interest only payments. No pre-payment penalties!
• Commercial Property Loans – Up to 75% LTV, 3-5 points, rates starting at 8.00% and terms up to 24 months with interest only payments. No pre-payment penalties!

#7. Finance of America – Commercial

Rounding out our top 7 is Finance of America. They’re another reputable hard money lender with very competitive rates, depending on experience level. 

They offer loan programs for rehab, construction, bridge loans, rental loans and also do portfolio lending. 

Here is a summary of their offerings:

• NO prior experience required
• Individual and Business approval for exposure limits up to $10MM with individual property loan amounts from $50K to $3MM
• Financing for up 100% of renovation expenses, 95%
• 75% ARV LTV max
• Soft Costs included in financing (contractor’s fees, contingency fees, permits, surveys, etc.)
• Rates as low as 6.75%