Who are the Best Hard Money Lenders in Huntsville AL?
Finding the best national hard money lender is critical to your investing success. Whether you’re new to real estate or seasoned investor, your hard money loan can eat up a ton of profit margin. 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. On the other hand, a good hard money loan can provide the financing you need in less time than any other source of financing. National hard money lenders can give you the buying power required to scale your business and profit.
There are numerous national lenders who are available to loan throughout the US. Rates on hard money loans issued to investors can vary widely depending on location. Generally, expect to see rates from 7-15%. The median loan term is around 6-12 months. The mean hard money loan includes origination fees in the 2-5% range with standard LTV averages around 65-80%.
Here’s our short list of the top 5 Best National Hard Money Lenders:
- Hard Money Man
- Civic Financial Services
- Longhorn Investments
- Lima One Capital
- Stratton Equities
Top 5 Best National Hard Money Lenders
1. Hard Money Man
Hard Money Man LLC is a New Jersey based private money lender. They’re a national lender 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
2. 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.
3. Longhorn Investments
Longhorn Investments is another very reputable national lender. They were formed in 2008 and have funded thousands of loans since inception. They also offer complimentary services incincluding title work and real estate law. They have programs for rehab fix and flips and also longer term rental properties.
Here are more details:
- Starting at 11.99% interest only payments (depends on deal and location)
- Starting at 2.99 points origination (depends on deal and location)
- Appraisal Fee: $425 – $550 (dependent upon location and independent appraiser’s fee)
- Draw Inspection Fee
- Loan Documents: $475
- Loan Admin Fee: $500
- Credit Report Fee: $40 ($45 for Joint)
- Monthly Servicing Fee: $15
- LTV up to 75%
4. Lima One Capital
Lima One Capital offers a wide variety of fix and flip (FixNFlip) rehab loans for the real estate investor looking to purchase and rehab an investment property. Their full offering of FixNFlip, Construction, Cash Out, and bridge lending programs provide investors the ability to capitalize on the fantastic real estate opportunities that exist across our entire lending area. At Lima One Capital, they have a passion for real estate and providing the best financing solutions for real estate investors across the country as they pursue their real estate investing goals.
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
Best National Hard Money Loan Companies FAQ
Who is the best national hard money lender?
Here’s our short list of the top 5 Best National Hard Money Lenders:
- Hard Money Man
- Civic Financial Services
- Longhorn Investments
- Lima One Capital
- Stratton Equitiies
What do national hard money lenders charge?
Hard money loan rates range from 8 percent to 15 percent for shorter and mid range terms. Most hard money loan companies also charge points or origination fees on a loan ranging from 2-5%.
Do national Hard Money Lenders require appraisals?
Many national private money lenders will require an appraisal.
What is hard money?
Hard money loans are short term loans secured by real estate. These loans are used to purchase and/or rehab residential or commercial properties. They’re more expensive than traditional bank loans but can be closed faster and with less credit requirements.
