AccoLend is a private hard money lender that offers fast loans for fix-and-flip, ground-up constructions, and joint ventures. It has been in business since 2016 and lends to over 30 states in the U.S. In this article, we cover AccoLend reviews and rates. Ready to get started? Apply now.
310 Cedar Lane, Suite 3A, Teaneck, NJ 07666
AccoLend Rates & Terms
The AccoLend rates and terms show loan amounts that range from $100,000 to $10 million and interest rates from 8% to 11.5%. It can lend up to 85% LTV and is capable of funding loans in as quickly as two to three days.
|Types of Properties|
Non-owner occupied and investment properties
$100,000 to $10 million
75% to 85%
Does not lend on ARV basis
8% to 11.5%
$1,900 plus an appraisal fee
12 months (extensions available)
Must be a U.S. citizen or a green card holder
Must be first lien position
Personal guarantees required
|Time to Funding|
As little as 2 to 3 days, but typically 7 days
Other Financing Available
Ground-up construction loans
Joint ventures loans
*Exceptions may be granted. Lender information is updated often. However, exact lender terms may have changed.
Summary of AccoLend Reviews
We compiled online AccoLend reviews and found that it is rated A by the Better Business Bureau and 4 stars on Google. Customers who left reviews said that it has reasonable rates, consistent terms, a professional team, and a smooth lending process.
Popular Hard Money Lenders 2019
Investors who want competitive rates and fast funding for residential fix and flips
Landlords wanting to refinance or grow their rental portfolio
Short-term investors looking for a good residential fix-and-flip hard money loan option
Investors who want great customer service with a local bank feel from a 44-state lender
Fix and flippers who want an alternative to LendingHome, but with a commercial component
States Currently Lending In
All states except Alaska, Arizona, Hawaii, Idaho, Minnesota, Nevada, North Dakota, South Dakota, Oregon, and Utah.