Top 10 Best Hard Money Lenders Missouri

The Top 10 Best Hard Money Lenders in Missouri

1. Faster Funds Lending

Faster Funds Lending wants their borrowers to have some experience in real estate or construction. They typically look for the following:

• Landlords who are looking to buy a house at a discount, fix up the property, and refinance the house out with a long term loan in 6 months or less.
• Rehabbers who do most if not all the work themselves and have a clear vision for which areas they want to work in OR rehabbers who have a full-time job but use their own funds to pay for the rehab part of the project and act as the general contractor overseeing the project.
• Wholesalers who need to close on a house before shopping it or feel they’ll get more money closing on a property, cleaning it out, and then listing it on the MLS.

2. KC Investor Funding

KC Investor Funding is a Missouri based hard money lender. They extend funding and hard money loans to borrowers throughout Missouri.

They offer excellent terms for local borrowers including:

• Up to 100% of the purchase and rehab costs
• Terms of 6-12 months
• 9-12% interest rates
• Closings in as fast as 10 days

3. 4MyCash

4MyCash is a Missouri area hard money lender who has worked in the area since 2006.  Their simple process allows investors to get financing in as little as five day.

Here are some of their terms:

• Up to 100% of acquisition cost
• Up to 100% of repair/fix money
• 12% minimum, interest only payments
• 3 points minimum origination fee
• No appraisal fee
• No loan fees

4. Worcester Financial

With offices in Kansas City Missouri, this hard money lender provides long term rental, rehab, and fix-and-flip loans. Worcester Financial’s typical loan terms come with repayment schedules of 6-12 months, up to 75% loan-to-value (LTV) and interest rates between 11%-16%. 

Also be aware that they require 4-6 points origination fee depending on the financing program. Their loans are good for finance residential, multi-family, and commercial properties.

#5. Bayard Business Capital

Bayard is a hard money lender in Missouri who offers bridge loans and hard money. Bayard Business Capital and Consulting can offer your real estate business $1 million to $100 million with rates from 9 percent to 14 percent. Their rates are based on collateral, including real estate, raw land and development projects.

Some of their terms include:

• Loan-to-value ratios of up to 80 percent
• Origination fees from 1-4 percent
• Interest-only amortization on loans
• Turnaround as fast as five days to 30 days
• Funding for both national and international clients

#6. REI Funding

REI Funding is another hard money lender based in Missouri. They offer a wide selection of loan programs from transactional loans to foreclosure auction loans and more.

REI offers bridge loans with a minimum of $100,000 with a 20% down payment and 4 points origination fee. They only offer hard money loans in the extended metro St. Louis area so be sure to double check that your location is included.

#7. Longhorn Investments

If you are flipping or renting in the St. Louis area, Longhorn is a reliable hard money option. They’re hard money lending product makes it possible for investors to maximize real estate investment opportunities in the St Louis area.

Here are some of the terms:

• Up to 75% ARV (excluding points and fees)
• Finance up to 100% of Cost
• Close in 3-5 Business Days
• No W-2’s, Tax Returns, or Pay Stubs Required
• First Time Investors Encouraged

#8. North Oak Lending

North Oak Investment are hard money lenders in Missouri, based out of Kansas City. As a full service lending company, they’re able to offer funding and structuring of loans for investors in and around the Missouri area. Here are some their terms:

• No Minimum Loan Amount
• No Maximum Loan Amount
• No Max / Min Repair Cost
• 1st Position Lien Only
• Up to 80% Loan to ARV
• 0% – 20% Refundable Deposit
• Deposit decreases the more loans you’ve done with us
• 6 Month Term

#9. One West Lending

One West is a trusted real estate source headquartered in St. Louis, Missouri. They’re experts at renovation loans, purchasing residential and commercial properties, and direct private lending.

One West is private lender based in Saint Louis, MO. They offer loans throughout the St Louis area. Their lending focus is primarily on buy and hold loan real estate. They will consider various lending scenarios but mainly focus on single family residences.

#10. Guild Mortgage Company

Guild is a more traditional mortgage lender in the St Louis area, but they do offer renovation loans. Their terms are excellent compared to a traditional hard money loan, but the requirements are much more strict.

If your credit score is good and you aren’t on a very tight timeline, Guild may be a great option for a strong loan.