Here’s our short list of the top 3 Best Hard Money Lenders in Montana:
- Juniper Capital
- Hard Money Man
- Civic Financial Services
Who are the Best Hard Money Lenders in Montana 2023?
Finding the best hard money lenders Montana is very important to your real estate investing success. Whether you’re new to real estate or are much more experienced, your hard money loan can end up costing you thousands of unnecessary dollars if you aren’t careful. A bad hard money loan can set you back and cost you thousands sin profit. On the flip side, hard money loans can provide the financing you need to make a deal possible. Montana hard money lenders can give you the buying power you need to secure your deal.
Montana has a very limited selection of hard money lenders throughout the state. The majority of this list are reputable national lenders.
Loan amounts average around $251k. Rates for private loans average 10-11%. The average loan made in this city has a length of 6-12 months. The mean loan includes a 3-4 point origination fee. Lenders typically offer a 70-75% loan-to-value on hard money loans in Montana.
Top 3 Best Hard Money Lenders in Montana
1. Juniper Capital
Juniper Capital is a Washington based hard money lender. They have a solid website and offer a good array of loans for real estate investors.
Juniper Capital offers very competitive rates:
- Rates: 7-11% interest only
- Fees: 1.5 – 4 points
- Loan amounts: $200,000 up to $20,000,000
- Terms: 6 months to 3 years with no prepayment penalty
- Recourse: Negotiable
- Lien position: 1st
- Property types: All property types except for owner-occupied residential
- Quick closings: 5-7 business days
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
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 day
Best Hard Money Lenders Montana FAQ
Who is the best hard money lender in Montana?
Here’s our short list of the top 3 Best Hard Money Lenders in Montana:
- Juniper Capital
- Hard Money Man
- Civic Financial Services
What do Montana hard money lenders charge?
Hard money loan rates in Montana range from 8 percent to 15 percent for most fix and flip and shorter term loans. Many hard money lenders in Montana also charge points or origination fees on a loan that range from 0-3 percent.
Do Hard Money Lenders in Montana require appraisals?
With most hard money lenders in Montana, the loan to value (LTV) is determined through an appraisal or a broker opinion of value. Some lenders do offer in house valuations, which eliminate the need for a third party appraisal.
What is hard money in Montana?
Hard money loans in Montana 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.
Our Montana City Guides
Here are some in depth guides to the best hard money lenders in specific cities throughout Montana:
