Best Hard Money Lenders 2019

Hard money lenders offer short-term loans to purchase and renovate properties. Hard money lenders charge higher rates but offer faster funding times and, oftentimes, no credit criteria. We researched over 20 hard money lenders comparing rates, terms, qualifications, application process, funding time, and reviews to choose the top seven below.

Top Hard Money Lenders 2019

How We Determined the Best Hard Money Lenders

Fix-and-flip investors need residential and commercial loans that offer short terms, fund fast, and can be repaid without hefty prepayment penalties. Long-term investors can also benefit from hard money loans by using them to renovate or season a property or finance rental portfolios.

We determined the top hard money lenders by looking at the following criteria:

• Rates: Hard money lenders charge premium interest rates for short-term loans; longer term hard money products offer lower rates.
• Fees: Hard money lenders charge origination/lender fees up to 3%.
• Loan terms: Hard money loan terms are usually 12 to 36 months; many lenders don’t have prepayment penalties for early repayment.
• Qualifications: Most hard money lenders require a minimum credit score of around 550, and place most of the qualifications on the property itself as well as the investor’s background and experience.
• Funding time: The best hard money lenders can fund in roughly 10 to 15 days, allowing both short- and long-term investors to compete with all-cash buyers and close deals quickly.
• Customer service: The best hard money lenders are typically online lenders who offer a higher level of customer service than more traditional hard money lenders.
• Borrower reviews: How customers rate their experiences with the best hard money lenders we reviewed.

Fix-and-flip investors need residential and commercial loans that offer short terms, fund fast, and can be repaid without hefty prepayment penalties. Long-term investors also benefit from hard money loans by using them to renovate rental property, season a property, or finance rental portfolios.

Choosing the best hard money lender means knowing how fast they can fund, borrower qualification requirements, terms, and rates. Don’t assume every hard money lender funds in your state, as some are geared toward local transactions. Investors looking for hard money loans in their area should check out our hard money lender directory.

LendingHome: Best Overall Hard Money Lender for Residential Real Estate

Our best hard money lender for residential real estate is LendingHome. They offer higher LTVs than other lenders at 90% LTV and 100% of rehab, competitive short-term rates starting at 7.5%, lenient qualifications, and the lowest minimum credit score of 550. They offer an easy online application with results in three minutes.

LendingHome Rates, Terms, & Qualifications

LendingHome offers low short-term interest rates starting at 7.5%, which is low compared to industry averages. However, the typical rate is between 9% and 12%. They charge lender fees between 1.5% and 2.5%, and has a required minimum credit score of 550, one of the lowest on our list.

LendingHome Rates

LendingHome issues hard money loans with interest rates that range from 7.50% to 12%. This means that LendingHome has some of the lowest rates on our list of top hard money lenders, similar to the rates offered by Visio Lending. However, LendingHome says that it’s common to receive an interest rate between 9% and 12%.

LendingHome rates and fees are:

• Rates: 7.5% – 12%
• Lender Fees (Points): 1.5% – 2.5%
• Closing Costs: 2% – 5%

LendingHome Terms

LendingHome’s hard money loans have a typical loan term of 12 months and require the loan balance to be paid in full at the end of the term. However, LendingHome doesn’t have any penalties for early repayment. This makes LendingHome the shortest lender when it comes to the life of its hard money loans.

LendingHome terms include:

• Maximum loan amount: $1 million, 90% LTV, 75% ARV
• Average loan term: 12 months
• Prepayment penalty: None
• Time to approval/funding: Can be as little as 15 days

LendingHome Qualifications

Hard money lenders, including LendingHome, focus on the property more than the borrower. They look at property condition, expected rehab costs, expected ARV, and the neighborhood. They do have a minimum FICO score and require past real estate experience or that you work with a licensed contractor.

Their qualifications include:

• Credit score: Credit score of 550+ (check yours free here)
• Bank statements: Two months
• Real estate experience: List of past projects or contractor’s information
• Down payment: 10% – 25%+

LendingHome analyzes each market on its own for hard money loans. This means your pricing and terms are influenced by your asset and your local market. In addition, your rate will be based on your experience as an investor. The more experience you have, the better chance of a lower rate.

LendingHome Application Process

LendingHome has a three-minute hard money loan application process. At the end of the application, you will know your rate. This helps you, as an investor, quickly know if you pre-qualify, what documents you will need, and how much to budget for closing cost and monthly payments.

LendingHome’s application process includes:

• Complete online application
• Choose a loan scenario/product
• Pay the upfront application fees
• Download required documents

LendingHome Customer Service

LendingHome offers a dedicated customer service team and a representative assigned to your loan. Through phone, text, and email, this person will guide you through LendingHome’s loan application process, help you prepare the necessary documents, and receive the funds once you’re approved. You will have a customized dashboard that updates as status changes occur.

What LendingHome Is Missing

Lending home offers competitive rates and flexible products for residential investors wanting short-term funds in days. However, they do not finance commercial property or offer long-term financing like some of the others on our list. If you’re looking for permanent loans or commercial financing, try one of the other hard money loan providers on our list.

LendingHome Reviews

LendingHome is known for fair rates and quick processes compared to other hard money lenders. Borrowers say they like LendingHome’s online portal, which lets you know exactly what needs to be submitted, and where questions are answered promptly. If you want more details about LendingHome, check out our review page.

How to Apply with LendingHome

Applying for a loan with LendingHome is easy. Visit their website and fill out their pre-qualification application; you will know your rate and approval conditions in minutes, and you will get your money in days—not months—so you can compete with cash buyers.

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Visio Lending: Best Long-Term Hard Money Lender

Visio Lending offers bridge loans for rent-ready properties and permanent investment property loans for long-term buy-and-hold investors. They offer a wide range of loans with a minimum loan of $45,000 and a maximum loan of $2 million. They’re best for landlords looking to grow their rental portfolio with long-term rates starting at 4.8%.

Visio Lending Rates, Terms, & Qualifications

Visio Lending offers permanent hard money loans for experienced investors with interest rates comparable to other lenders. Visio Lending’s focus is providing long-term loans for rent-ready properties. They also offer bridge loans and cash-out refinance options, giving investors a fast way to tap into equity to renovate or purchase new investments.

Visio Lending Rates

Visio Lending offers short-term bridge loans and permanent hard money loans with interest rates from 4.8% to 12.5% for long-term and 9.9% for short-term. Rates are calculated based on your middle credit score, LTV, and debt coverage ratio (DSCR).

Visio Lending rates and fees are:

• Rates: 4.8% – 12.5% for long-term loans and start at 9.99% for their bridge loan
• Lender Fees (Points): 0% – 5% (Standard – 2%)
• Closing Costs: $1,645
• Appraisal Fee: $300 – $500+

Visio Lending Terms

Visio Lending offers three types of loans, including single rental loans, blanket loans for multiple properties, and bridge loans. Their long-term products are perfect for investors wanting to build wealth, and their bridge loans are good for investors needing to use equity to purchase or renovate other properties quickly.

Visio Lending terms include:

• Maximum loan size: $2 million, 80% LTV
• Minimum property value $75,000 for single, $80,000 for rental portfolio
• Average loan term: Two to 30 years
• Prepayment penalty: Yes on long-term loans

Visio Lending can help you refinance a short-term hard money loan into a stable long-term investment loan, stabilizing your rate and payments. This is great for both long-term investors and fix-and-flippers who want the flexibility to change their strategy, if necessary.

Visio Lending Qualifications

Visio Lending, like the other hard money lenders, has two general stages: the pre-qualification stage and the funding stage. Funding is generally within 21 business days. Since Visio Lending lends on LTV and not ARV, they will verify your prior real estate experience, but they focus more on your FICO score and the property.

Their qualifications include:

• Credit score: 640+ (check yours free here)
• Bank statements: Two months
• Real estate experience: List of past projects
• Down payment: 20%+

Visio Lending Application Process

The application process at Visio Lending begins with filling out a simple online contact form, and a representative will call you promptly to discuss your transaction. They don’t require personal tax returns but will require your property to be rent stable with executed leases and deferred maintenance-free, and they will want a copy of executed leases.

Visio Lending Customer Service

Visio Lending is a national hard money lender with a dedicated customer support system like all of the other best hard money lenders on our list. In terms of reputability, they have funded over 5,500 loans and they have bought, sold, or financed over $275 million in residential real estate. They were founded in 2011 and they have an A+ rating with the Better Business Bureau.

What Visio Lending Is Missing

Visio Lending is best for landlords wanting to refinance or grow their rental portfolio. They do not finance properties with more than four units, or commercial or fix-and-flip loans. It is best to look at our other best hard money lenders for those needs.

Visio Lending Reviews

Great lender for buy and hold investors, offering flexible, long-term loans. If you want more details about LendingHome, check out our review page.

How to Apply with Visio Lending

You can apply for a hard money loan with Visio Lending by visiting their website and applying there by filling out a quick online form. Once submitted, a representative will contact you for more information.

Visit Visio Lending

Patch of Land: Good Option for Both Residential & Commercial Hard Money Loans

Patch of Land is an alternative to LendingHome’s residential offerings, and they offer commercial loans as well. They could be a perfect fit if you want to buy one commercial property and one residential property, since you can use the same lender for both. However, their fees are slightly higher than LendingHome and Visio Lending.

Patch of Land Rates, Terms, & Qualifications

Patch of Land offers short-term hard money loans with interest rates that start at 9.99%. Their loan durations are one to 12 months. Like LendingHome, Patch of Land offers interest-only monthly payments, and the repayment of its hard money loan is in full at the end of its term.

Patch of Land Rates

Patch of Land offers residential and commercial hard money loans with rates starting at 9.99%. Points are determined by the loan parameters, the size of the loan, investor experience, LTV, and ARV.

Patch of Land rates and fees are:

• Rates: 9.99% – 13%+
• Lender Fees (Points): 3% – 5%
• Closing Costs: 2% – 5%
• Appraisal Fee: $300 – $500

Patch of Land Terms

Patch of Land offers hard money loans with loan terms from one to three years, with no prepayment penalty on short-term loans. This gives residential investors, as well as commercial investors, the opportunity to spend up to three years purchasing and renovating a property before finding tenants and refinancing with a conventional mortgage.

Patch of Land’s terms include:

• Maximum borrowing amount: $5 million+, 80% LTV, 65% ARV
• Average loan term: 12 – 24 months
• Prepayment penalty: None on fix and flip
• Time to approval/funding: As little as 7 days

Patch of Land Qualifications

Patch of Land breaks down its loan approval process into two stages. However, unlike LendingHome, Patch of Land requires all of the borrower’s documents to be submitted during pre-qualification. The hard money lender then conducts an independent background check of the borrower, reviews all documents, and calls the borrower regarding final appraisal, loan terms, and funding.

Their qualifications include:

• Credit score: 550 (check yours free here)
• Bank statements: Two to three months
• Real estate experience: List of past projects or scope of work and contractor bid
• Down payment: 20%+

Patch of Land Application Process

Patch of Land requires all of the borrower’s documents to be submitted upfront during the pre-qualification process. The hard money lender then conducts an independent background check of the borrower, reviews all documents, and calls the borrower regarding loan terms, appraisal, and funding.

Documents your will need for Patch of Land:

• Proof of funds (down payment and closing cost)
• Inspection report, if available
• Property comparisons
• Purchase contract
• Experience list
• Construction estimates, time frame, and contractor information
• Lender-ordered appraisal with “as is” and “subject to” values, $300 – $500

Patch of Land Customer Service

Patch of Land has a dedicated team of customer service associates. These associates help you through the loan application process. Once you apply for pre-qualification, the lender assesses your qualifications and then an employee contacts you to guide you through the rest of the process.

What Patch of Land Is Missing

From our review, Patch of Land provides the fastest funding time of all of our lenders and offers both commercial and residential loans. However, they do require more documentation upfront compared to the other lenders. They also have higher down payment requirements compared to LendingHome, as well as higher fees.

Patch of Land Reviews

Patch of Land prides itself in being simple, fast, and easy. If you want more details on Patch of Land, check out our review page.

How to Apply with Patch of Land

You can apply for a loan with Patch of Land on their site and filling out a quick online application. After you apply online, a loan representative will call you once your initial pre-qualification application is reviewed.

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CoreVest: Best Hard Money Lender for Larger Projects

CoreVest Finance offers a variety of short-term fix-and-flip loans and long-term rental property loans. They’re a great alternative to LendingHome; like other lenders, they have multiple loan products, including bridge loans, fix-and-flip credit lines, and 30-year permanent mortgages. They can lend up to $100 million for large projects and fund projects for foreign nationals.

CoreVest Rates, Terms, & Qualifications

CoreVest offers hard money fix-and-flip loans with terms from one to two years, with no prepayment penalty. Fix-and-flip loans come in the form of a credit line or a bridge loan. They also offer a permanent rental mortgage with a term of 30 years, as well as portfolio loans with five- or 10-year terms.

CoreVest Rates

CoreVest offers competitive rates on their short-term and long-term loan products. Their starting rates are lower than those offered by LendingHome, but their lender fees tend to be a little bit higher. However, unlike LendingHome, their appraisal fees are not included and need to be paid out of pocket by the borrower.

CoreVest rates and fees are:

• Interest Rate: 6% to 9.95% fixed and floating available, depending on the product
• Lender Fees (Points): 2%+
• Closing Costs: 2% – 5%
• Appraisal Fee: $300 – $500+

CoreVest Terms

CoreVest offers several loans, including credit lines, bridge loans, portfolio loans, and single-asset permanent loans, and they all have different terms. The terms offered for their credit lines and bridge loans are 18 to 25 months. The portfolio loans have five-, seven-, and 10-year terms, and the single rental loans have 30-year terms.

CoreVest terms include:

• Maximum borrowing amount: $100 million, 75% – 80% LTV or LTC (loan-to-cost)
• Average loan term: One to 30 years
• Prepayment penalty: None
• Time to approval/funding: Can be as little as 15 days

CoreVest Qualifications

CoreVest, like the other hard money lenders, has a two-step approval process for borrowers. They want to see your previous real estate experience and prefer borrowers with fix-and-flip experience for their short-term loans. They do have a minimum FICO score, which is higher than LendingHome’s, but they underwrite based on the deal overall.

Their qualifications include:

• Credit score: 620+ (check yours free here)
• Bank statements: Two months
• Real estate experience: List of two+ past projects or scope of work with contractor bid
• Down payment: 20%+

CoreVest offers hard money fix-and-flip loans with terms from one to two years. These fix-and-flip loans come in the form of a credit line or a bridge loan. They also have permanent rental mortgages with 30-year terms, as well as portfolio loans with five- or 10-year terms. The maximum borrowing amount is up to $100 million.

CoreVest Application Process

CoreVest starts the application process with an online form; a relationship manager will respond within two to seven business days with a term sheet. Depending on the hard money loan product you choose, they can typically close in three to six weeks. Have your experience list and property information, including funding needs and terms, ready for your call.

CoreVest Customer Service

CoreVest is a national hard money lender that has closed over $4 billion in loans in 40 states. CoreVest was founded in 2014 and has since closed over 29,000 loans. Their goal is to bring affordable, useful products and services to real estate investors. They have a team of dedicated relationship managers who can help you with most of your needs.

What CoreVest Is Missing

CoreVest is a great hard money lender for large deals, offering many options. They offer commercial or owner-occupied loans. If you want to buy an office building or another type of commercial property, it’s best to go with Patch of Land or Finance of America Commercial; if you are an owner occupant, go with Delancey Street.

CoreVest Reviews

CoreVest provides prides itself in providing experienced professionals, competitive rates, and loans up to $250 million with no hassle and no hidden fees. If you want details about CoreVest, check out our review page.

How to Apply with CoreVest

If you are looking for a hard money lender for large projects, CoreVest is a good option. It’s easy to apply for a loan; visit CoreVest, fill out the online form, and they will call you back within 24 hours to personally discuss your goals.

Visit CoreVest

Lima One Capital: Another Good Residential Fix-&-Flip Loan Option

Lima One Capital finances both short-term and permanent residential real estate. They offer short-term fix-and-flip loans for single-family homes, multi-unit properties, and condos. They offer 30-year mortgage terms for rentals, similar to what Visio Lending and Finance of America Commercial offer. Lima One Capital is a great alternative to permanent loans at Visio Lending.

Lima One Capital Rates, Terms, & Qualifications

Lima One Capital offers hard money fix-and-flip loans with one- to three-year terms and no prepayment penalty on short-term loans. They offer fix-and-flip loans for rehabs, cash-out refinances, construction loans, and more. The hard money lender also has permanent rental mortgages with terms of 30 years. Interest rates can be fixed or variable.

Lima One Capital Rates

Lima One Capital offers residential fix-and-flip and permanent loans with comparative fees to LendingHome (1.0% to 3.5%). Lima One Capital charges points based on the size of the loan and overall deal. The hard money lender has a minimum floor of $50,000 for its loans.

Lima One Capital rates and fees are:

• Rates: As low as 5.75% for long-term rental mortgages to 12% for short-term loans
• Lender Fees (Points): 1.0% – 3.5%
• Closing Costs: 2% – 5%
• Appraisal Fee: $300 – $500+

Lima One Capital Terms

Lima One Capital offers a variety of loan options for experienced investors. Besides hard money loans, they offer rental loans, portfolio loans, multifamily loans, and refinancing. Since they offer so many different loans, their loans have varying terms from one year all the way up to 30 years.

Lima One Capital terms include:

• Maximum borrowing amount: No maximum dollar specified, 90% LTV, 70% ARV
• Average loan term: 13 months – 30 years
• Prepayment penalty: Not on short-term loans
• Time to approval/funding: As little as 15 days

Lima One Capital Qualifications

Like the other lenders on our list, Lima One Capital breaks its hard money and permanent loan approval process into two steps. First is an online pre-qualification, where the same or similar preliminary documents are required. This helps the lender give a borrower a loan estimate based on qualifications, deal structure, and exit strategy.

Their qualifications include:

• Bank statements: Two months
• Real estate experience: List of past projects or scope of work with contractor bid
• Down payment: 10%+
• Credit score: 600 for fix-and-flip, 660 for long-term rental loans (check yours free here)

Lima One Capital Application Process

To apply with Lima One Capital, fill out their online application. You will be guided through the process step by step. As with many hard money lenders, you will be required to fill out a contact sheet with your information. A Lima One Capital representative will reach out to discuss your transaction, and required documents are required to put together your loan estimate.

Lima One Capital Customer Service

Lima One Capital is a national hard money lender. They have more than 60 employees who offer dedicated customer service and support for all of their loans. Like the other lenders on our list, Lima One Capital is a full-service lender that helps borrowers throughout the lending process.

What Lima One Capital Is Missing

Like Lending Home and Visio Lending, Lima One Capital doesn’t fund hard money loans for commercial real estate investors. They’re not right for investors who want to purchase hotels, office buildings, or other commercial properties.

Lima One Capital Reviews

Lima One Capital’s customers say things like “Lima One Capital is a great company to work with for investment lending. I loved that I had one main point of contact throughout the process and everything ended up going very smoothly.”

How to Apply with Lima One Capital

You can apply for a hard money loan on Lima One Capital’s website. Their online application is quick and easy and you will have an immediate response.

Visit Lima One Capital

Finance of America Commercial: Great Commercial Hard Money Lender

Finance of America Commercial offers both short-term and permanent loans ranging from one to 30 years. They lend up to 85% LTV with a maximum loan exposure of $10 million, with rates from 6.99% to 9%+. Their minimum and maximum loan amounts depend on the type of loan and the type of project, as well as the borrower’s qualifications.

Finance of America Commercial Rates, Terms, & Qualifications

Finance of America Commercial offers both short-term and permanent loans ranging from one to 30 years. They lend up to 85% LTV with a maximum loan amount of $10 million. However, their minimum and maximum loan amounts depend on the type of loan and the type of project, as well as the borrower’s qualifications.

Finance of America Commercial Rates

Finance of America Commercial offers low starting rates at 6.99%, but their average rates are more towards 8%. They do offer more conventional mortgages with lower rates, but these aren’t hard money loans and aren’t being considered. Finance of America Commercial’s rates depend on the type of project you’re financing, your commercial real estate experience, and in some cases, your FICO score.

Finance of America Commercial rates and fees are:

• Rates: 6.99% – 9%+
• Lender Fees (Points): 1% – 5%
• Closing Costs: 2% – 5%

Finance of America Commercial Terms

Like Visio Lending, Finance of America Commercial offers different loans, including bridge loans, non-recourse commercial loans, and construction loans for commercial properties, so these loans have varying terms from one to 25 years. Just like all of the other lenders on the list, Finance of America Commercial doesn’t generally charge a prepayment penalty.

Finance of America Commercial terms include:

• Maximum funding amount: $10 million+, 85% LTV, 75% ARV
• Average loan term: One to 30 years
• Prepayment penalty: None
• Time to approval/funding: Up to 30 days

Finance of America Commercial Qualifications

Finance of America Commercial also has two steps to its loan process. The first is the pre-qualification and the second is the funding process. However, since Finance of America Commercial is a commercial hard money lender, their loans are often larger and generally require more due diligence, increasing funding time to 30 days.

Qualifications include:

• Credit score: No minimum FICO score, but experience and property are all examined
• Bank statements: Two months
• Real estate experience: No experience required for a single loan; two+ completed projects for a line of credit
• Down payment: 15%+

Since Finance of America Commercial is a commercial hard money lender and their loans are often larger and generally require more due diligence, expect an increase in funding time. It usually takes 30 days to close on a commercial loan with Finance of America Commercial.

Finance of America Commercial Application Process

Finance of America Commercial starts their application process with a phone conversation rather than an online application. Go to their website, fill out the contact form, and a representative will call you to discuss your goals. Once the representative understands your project goals, and you decide on a product, they will walk you through the documentation process.

Finance of America Commercial Customer Service

Finance of America Commercial has a customer support team that is dedicated and knowledgeable. They are a national commercial hard money lender that was established in 2017. Since then, they’ve closed over 2,000 loans.

Finance of America Commercial Is Missing

The company isn’t as well-known as others on the list, like LendingHome or Lima One Capital, and they don’t fund loans as fast as the other best hard money lenders that we reviewed. Their focus is commercial loans, but they do have a separate residential division as well. If you’re looking for a quick residential fix-and-flip loan, then we recommend our best hard money lender, LendingHome.

Finance of America Commercial Reviews

Finance of America Commercial caters to only real estate investors, offering fix-and-flip and rental property loans. If you want more information on Finance of America, check out our review page.

How to Apply with Finance of America Commercial

If you are looking for a commercial hard money lender, you can easily apply for a loan with Finance of America Commercial by filling out their online form and then waiting for a customer service agent to call you back.

Visit Finance of America Commercial

Delancey Street: Best Hard Money Lender for Startup Developers

Delancey Street offers loans to real estate investors, entrepreneurs, and businesses of all sizes. Delancey Street offers a range of products up to $10 million. They’re best if you are looking for fast cash for a complex deal, a quick decision turnaround, and terms from six to 48 months for residential or commercial real estate loans.

Delancey Street Rates, Terms, & Qualifications

Delancey Street offers hard money fix-and-flip loans with terms from six to 48 months, with no prepayment penalties. These fix-and-flip loans can come in the form of a rehab loan, cash-out refinance, construction loan, and more.

Delancey Street Rates

Delancey Street offers fix-and-flip, residential, and commercial loans. They do not charge an application fee and have an online application to help determine rates fast.

Delancey Street rates and fees are:

• Rates: 7.99% – 12%
• Lender Fees (Points): 1.5% – 3.5%
• Closing Costs: 2% – 5%
• Appraisal Fee: $300 – $500+

Delancey Street Terms

Delancey Street has multiple products to choose from, including hard money, startup money, and more. Their hard money loans offer high LTVs and no limits.

Delancey Street terms include:

• Maximum borrowing amount: No maximum dollar specified, 80% – 90% LTV
• Average loan term: One to 30 years
• Prepayment penalty: None
• Time to approval/funding: Up to 30 days

Delancey Street Qualifications

Like the other hard money lenders on our list, Delancey Street will look at the overall deal. They do not require a specific credit score but cater to experienced real estate investors.

Their qualifications include:

• Bank statements: Two months
• Real estate experience: List of past projects or scope of work with contractor bid
• Down payment: 20% – 30%+
• Credit score: No required minimum (check yours free here)

Delancey Street Application Process

Delancey Street starts with an online application. They then review the collateral, your experience, and the viability of the project. If they see a fit, they will request the supporting documentation and then offer you a term sheet. There is no application fee.

Information you’ll need for application:

• Your name, email, and phone number
• Property address
• Loan amount
• Loan duration needed
• Estimated property value and appraisal
• Existing liens
• Address and property type

Delancey Street Customer Service

Delancey Street is a nationwide lender that specializes in complex transactions. They offer online applications, email, and telephone customer service, and each loan has a dedicated representative.

What Delancey Street Is Missing

Delancey Street is one of the most diverse lenders on the list, offering hard money loans, small business loans, merchant cash advances, venture capital, and factoring loans. However, they do not offer long-term financing. Look at Visio Lending if you need a long-term loan.

Delancey Street Reviews

Delancey Street prides itself in helping business owners who have trouble with traditional lenders. One of their previous clients states “Delancey Street makes lending easy. They took a chance on me when no one else would.”

How to Apply with Delancey Street

You can apply for a loan with Delancey Street by filling out their online form, after which a customer service agent will call you to discuss your project.

Visit Delancey Street

Local Hard Money Lenders

There are more than 600 hard money lenders. Not all hard money lenders are national institutions and even if they are, they typically have local branches that understand the local market. Use our hard money lender directory to find the right lender for your real estate investment lending needs.

Bottom Line

We compared seven best hard money lenders based on their rates, terms, qualifications, customer service, and funding time. After comparing and contrasting, we recommend LendingHome as our best hard money lender for residential property. Each lender has their own best features and suitability for investors.

Our best hard money lender for residential real estate is LendingHome due to its comparative lower interest rates and fees and comparatively higher ARV and LTV ratios. Online pre-qualification takes just minutes.

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