Who are the Best Hard Money Lenders in Wisconsin?
Finding the best hard money lenders Wisconsin is critical to your real estate investing career. Whether you’re a new real estate investor or you’ve completed several deals, your hard money loans can end up costing you thousands of extra dollars if you aren’t careful. A bad hard money loan can set you back thousands and thousands of dollars. This can be avoided if you know how to approach a hard money lender the right way. On the flip side, hard money loans can provide the financing you need to make a deal possible in the first place. Wisconsin hard money lenders can give you the buying power you need to secure more deals and bigger deals.
Loan amounts average around $205k. Rates for private loans average 10-13%. The average loan made in Wisconsin has a length of 6-12 months. The mean loan includes a 2-4 point origination fee. Lenders typically offer a 70-80% loan-to-value on hard money loans in Wisconsin.
Here’s our short list of the top 3 Best Hard Money Lenders in Wisconsin:
- Best REI Funding
- Milwaukee Hard Money
- Civic Financial Services
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 3 Best Hard Money Lenders in Wisconsin 2023
1. Best REI Funding
Best REI Funding has a quality website and an excellent Google profile. They’re based in Wisconsin and offerr several loan programs with competitive rates.
Here’s more about their fix and flip loan program:
- Up to 100% of Purchase Price
- Up to 100% Rehab Financing
- No Down Payments
- No Debt-to-Income (DTI) Requirements
- No Employment or Income Verification
The Hard Money Co
Hard Money Co. has one of the best Google profiles in Milwaukee. They come highly rated and have a professional website. They're also active in the real estate community with Biggerpockets and the Hard Truths podcast.
Here's more about their loan program:
- Up to 65% ARV
- 15% interest
- 7-10 day closings
- As low as 10% down payments
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 Wisconsin FAQ
Who is the best hard money lender in Wisconsin?
Here’s our short list of the top 3 Best Hard Money Lenders in Wisconsin:
- Best REI Funding
- Milwaukee Hard Money
- Civic Financial Services
What do Wisconsin hard money lenders charge?
Hard money loan rates in Wisconsin range from 10 percent to 13 percent for most fix and flip and shorter term loans. Many hard money lenders in Wisconsin also charge points or origination fees on a loan that range from 2-4 percent.
Do Hard Money Lenders in Wisconsin require appraisals?
With most hard money lenders in Wisconsin, 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 Wisconsin?
Hard money loans in Wisconsin 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.
