Best Hard Money Lenders NC

The Top 7 Best Hard Money Lenders in North Carolina

1. Oakwood Lending

Oakwood Lending is a residential hard money lender serving North Carolina – primarily in Raleigh, Durham, and Fayetteville. They commonly work with wholesalers who want to take title or need transactional funding for a double close, flippers looking for fix and flips, and landlords who want to refinance.

They also have a more traditional financing branch to help with selling properties. They do have a bit stricter guidelines than traditional hard money lenders. Here are some of their terms:

• 2% origination fee
• Max 70% LTV
• Borrower must be an entity

2. Northeast Lending Services

Are you looking for a hard money lender in NC? Northeasst Lending Services are a Commercial and Business Private Money lender. They have over 8 years of experience lending to real esstate professionals in the North Carolina area. They offer loans with very little documentation required.

Here are some of the types of loans they provide:

• Commercial Development
• Housing and Townhouse Development
• Inventors Loans
• Warehouse Loans
• Residential Development Loans
• Manufacturing Finances
• Individual Investments
• Temporary Business Assistance
• Restaurant Business Loans
• Debt Consolidation Plus Additional Dollars Needed

#3. Lynk Capital

LYNK Capital is a fast-growing NC hard money lender offering residential renovation, construction, and rental loans. Their team has many years of construction lending experience and their customer service is rated highly.

Here are some of their Fix & Flip loan terms:

• Rates from 7.49%
• 90% LTC & 75% LTV
• No application fees
• Get pre-approved in minutes
• Close in 7-10 days

#4. UT Financial Services

UT Financial Services offers some of the most advanced loan products in the industry. They offer a range of financing options to fit a variety projects including short-term financing, hard money loans NC, or private money loans. They also offer longer-term loans for construction or permanent financing.

#5. Washington Capital Partners

Based in Falls Church, VA, Washington Capital Partners is a direct hard money lender providing loans in North Carolina and many other states. They offer financing for a variety of investing strategies including fix and flip loans, rental loans, commercial & bridge loans, transactional funding, refinancing, and cash-out refinancing.

Their loan parameters are very competitive in North Carolina. With interest rates as low as 7.75% and LTVs of 90%, they’re a solid choice. They primarily offer loans for single-family, multifamily, mixed-use, and commercial properties. They are a direct lender and service all loans in-house which helps their customers service remain strong.

#6. Carolina Capital

Carolina Capital is another hard money lender for North Csrolina. They offer fix and flips loans, constructions loans and commercial loans.Their fix and flip loans 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. They also don’t require pre-payment penalties.

Their construction loans on single family allow 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. They can also close their loans in as little as 10 days. All in all, Carolina Capital is another solid choice for your NC hard money loan.

#7. Go Prime Mortgage

Go Prime is probably the closest to a traditional lender on this list, but they do offer renovation loans and construction loans. Their renovation loans does have low downpayment and closing cost options.

Their construction loans also have favorable terms:

• 70% LTV with no requalification required post-construction
• 90% LTV option with requalification required post-construction
• Loan amounts up to $424,100, or more in high balance areas
• Rate can be locked at any time during the loan application/process
• Simple and flexible draw process with no set schedules
• Pay just interest-only payments during construction
• Consolidate construction and purchase for only one set of closing costs and fees