Who are the Best Hard Money Lenders in Gulfport in 2021?

Finding the best hard money lenders Gulfport MS is very important to your real estate profit. 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.. An unfavorable hard money loan can cost you thousands and thousands of dollars. On the flip side, a good hard money loan can provide the financing you need to make a deal possible and profitable. Gulfport private money lenders can give you the buying power you need to secure your deal.

Respectable looking hard money lenders in Gulfport were tough to come by. There were essentially no reputable local lenders with a decent online presence, so we listed some of our favorite national lenders.

Loan amounts average around $103.6k. Rates on loans made to Gulfport MS real estate investors average 10-11%. Most hard money loans average between 6-12 months. The average note includes a 4-5 point origination fee and the LTV offered for loans in Gulfport is between 75-80%.

Here’s our short list of the top 3 Best Hard Money Lenders in Gulfport MS:

  1. Stratton Equities
  2. Hard Money Man
  3. Civic Financial Services

Top 3 Best Hard Money Lenders Gulfport 2021

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1. 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. 

Our 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
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2. Hard Money Man

Hard Money Man LLC is a New Jersey based private money lender. They’re a national lender but they’re based righti n New Jersey. 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
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3. Civic Financial Services

Our next hard money lender is CIVIC Financial Services. CIVIC is a best-in-class real estate lender that provides fast and simple financing to real estate investors. Whether the intention is to buy a single-family home to flip, to leverage an existing portfolio of rental homes to hold long term, or to acquire multifamily real estate for cash flow, they have a focused team and set of products that empower investors to build wealth through real estate.

Here’s some more info about their loan program:

  • Up to 80% LTV
  • Rehab financing available up to 100%
  • 5/1 Arm starting at 4.99%
  • 1 year bridge starting at 6.99%
  • $100K-7.5M loan amount, higher on case-by-case basis
  • SFRs, condos, townhomes, and 2-100 unit properties
  • Experienced borrowers & new investors welcomed
  • No personal income verification
  • Closings in 7-12 business days

Speed in the loan process from start to finish. Excellent rep support; Processing, UW and Closers are great to work with.
– Danny A.

Best Hard Money Loans Gulfport FAQ

Who is the best hard money lender in Gulfport?

Here’s our short list of the top 3 Best Hard Money Lenders in Gulfport:

  1. Stratton Equities
  2. Hard Money Man
  3. Civic Financial Services
What do Gulfport hard money lenders charge?

Hard money loan rates in Gulfport MS range from 10 percent to 11 percent for most fix and flip and shorter term loans. Many hard money lenders in Gulfport also charge points or origination fees on a loan that range from 4-5 percent.

Do Hard Money Lenders in Gulfport require appraisals?

With most hard money lenders in Gulfport, the loan to value (LTV) is determined through an appraisal or a broker opinion of value.

What is hard money in Gulfport?

Hard money loans in Gulfport are loans secured by real estate used to purchase or rehab that piece of property.

These short term loans are used to purchase and/or rehab residential or commercial properties. They’re usually more expensive than traditional loans but can be closed faster and oftentimes with less credit requirements.

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