Best Hard Money Lenders 2020

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By Melanie Patterson on March 23, 2020

Melanie is a certified business advisor with over 25 years of experience in real estate investing. Her expertise is highlighted throughout Fit Small Business’s real estate financing, property management, and real estate investing content.

Real estate investors in need of alternative financing sometimes rely on hard money loans. The best hard money lenders offer short-term loans to purchase and renovate properties. Hard money lenders charge higher interest rates but offer faster funding turnaround and, sometimes, no credit requirements.

8 Best Hard Money Lenders 2020

Lender	Best For	Funds First-time Investors
LendingHome	(Best Overall) Low rates and fast funding	Yes
Lima One Capital	Short-term residential fix-and-flip loans	Yes
Visio Lending	Refinancing or growing a rental portfolio	Yes
RCN Capital	Fast funding	No; complete two flips or own two rentals within three years
Delancey Street	Creative commercial and residential financing	No; you must have a verifiable track record
Finance of America Commercial	Develop or flip commercial real estate	No; complete at least one flip
Patch of Land	Fix-and-flip commercial loans	Yes
CoreVest	Large portfolios and loans to $250 million	No; complete two fix and flips or manage rentals

Which Hard Money Lender Is Right for You?

Local Hard Money Lenders

There are more than 600 hard money lenders nationwide. Not all hard money lenders offer loans nationally, but those that do generally have local branches that understand the local real estate market.

How We Determined the Best Hard Money Lenders

When evaluating the best hard money lenders, we considered hard money loan rates, terms, borrower qualifications, whether they work with new real estate investors, and funding speed. While most traditional lenders offer better rates, they also have higher qualification requirements and slower funding speeds.

Hard Money Loan Criteria
Interest Rates	Rates starting at 6.99%
Fees	Up to 3% origination and lender fees
Loan Terms	12 to 24 months
Borrower Qualifications	Minimum credit score 620
Funding Time	Up to 15 days
Years of Investment Experience	None, and up to 3 years
Customer Reviews	Highly rated customer experience

LendingHome: Overall Best Hard Money Lender


Maximum Loan Amount	Up to $3 million	Loan Term	12 months
Minimum Credit Score	660	Fees	1.5% to 2.5% of loan amount
Starting Interest Rates	4.95% (rental loans) 6.95% (bridge loans)	Funding Time	Five to 15 days
Investor Experience	0-5 fix and flips	Customer Reviews	4.1 of 5 stars*
Visit LendingHome

*Based on average of multiple review sites

Our best hard money lender for residential real estate is LendingHome. It offers competitive leverage at 90% loan-to-cost (LTC) and 100% of rehab, short-term rates starting at 6.95%, flexible terms, and a minimum credit score of 660. LendingHome is best for both new and experienced investors. You can get a rate via their easy online application in three minutes.

More Details

LendingHome Costs

Anticipated Interest Rates	6.99% to 12%
Application Fees	None
Lender Fees (Points)	1.5% to 2% of loan amount; no prepayment penalties
Closing Costs	As low as $499; no hidden or junk fees

LendingHome issues hard money loans for rehab and fix and flip with interest rates that typically range from 6.99% to 12%. It now also offers rental loans with rates as low as 5.25%, making LendingHome competitive with other hard money lenders. There are no application fees, prepayment penalties, or hidden fees, and closing costs can be as low as $499.

LendingHome Terms

Maximum Loan Amount	$1 million; up to $5 million for multiple deals
Loan-to-Cost (LTC) and After Repair Value (ARV)	90% LTC, 75% ARV
Average Loan Term	12 months
Funding Approval	As few as five days

Borrowers can get up to 90% loan-to-cost and 75% after repair value on their rehab and fix-and-flip projects. 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, and borrowers can get loan approval in as few as five days.

LendingHome Qualifications

Anticipated Interest Rates	Up to 11.5%
Application Fees	None; no prepayment penalty
Lender Fees (Points)	1% to 3% of loan amount
Closing Costs	2% to 5% of loan amount, $300 minimum appraisal fee

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. Experienced investors typically get lower rates, but LendingHome finances investors of every level, from first-time flippers to the most experienced professionals.

LendingHome Customer Experience

LendingHome is known for fair rates and quick processes compared to other hard money lenders. Borrowers like LendingHome’s easy-to-use online portal, which lets you know exactly what needs to be submitted, and where questions are answered promptly. We took an average of online reviews ranking LendingHome with 4.1 out of 5 stars. For more information, check out our LendingHome review.
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Lima One Capital: Best for Residential Fix & Flip Loans


Maximum Loan Amount	$50,000 minimum; no specified maximum	Loan Term	13 months
Minimum Credit Score	600	Fees	1% to 3% of loan amount
Starting Interest Rates	5.5% (rental loans) 11.5% (short-term loans)	Funding Time	As little as 15 days
Investor Experience	None specified	Customer Reviews	4.5 of 5 stars*
Visit Lima One Capital

*Based on average of multiple review sites

Lima One Capital offers hard money fix-and-flip loans with a 13-month term and no prepayment penalty on short-term loans, making them our pick for the best hard money lender for residential fix-and-flip 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.

More Details

Lima One Capital Costs

Anticipated Interest Rates	Up to 11.5%
Application Fees	None; no prepayment penalty
Lender Fees (Points)	1% to 3% of loan amount
Closing Costs	2% to 5% of loan amount, $300 minimum appraisal fee

Lima One Capital offers residential fix-and-flip and permanent loans with comparative fees to LendingHome (1% to 3%). 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. Rates start at 5.5% for long-term loans and 11.5% for short-term hard money loans.

Lima One Capital Terms

Maximum Loan Amount	$50,000 minimum, no maximum
Loan-to-Cost (LTC) and After Repair Value (ARV)	90% LTC, 70% ARV
Average Loan Term	13 months (short-term) to 30 years (rental properties)
Funding Approval	As few as 15 days

Lima One Capital offers a variety of loan options for experienced investors. In addition to hard money loans, it offers rental loans, portfolio loans, multifamily loans, and refinancing. Since Lima One Capital offers so many different loans, its terms vary from one year to 30 years. There are no maximum borrowing amounts, and borrowers can receive funding approval in as few as 15 days.

Lima One Capital Qualifications

Credit Score	600 minimum (short-term loans); 660 (rental property loans)
Bank Statements	Two months
Real Estate Experience	None for fix-and-flip; 5 completed flips in the last 36 months for bridge loans
Down Payment	10% minimum

Lima One Capital requires a credit score of at least 600 for fix-and-flip loans and 660 for long-term rental loans. Borrowers will need a minimum of 10% of the purchase price for their down payment. Lima One Capital is good for inexperienced investors for short-term fix-and-flip loans, but borrowers will need to have completed at least five flips within the last 36 months when securing a bridge loan.

Lima One Capital Customer Experience

Lima One Capital has mixed reviews online but overall, it averages 4.5 out of 5 stars, making it one of the highest-ranked hard money lenders for customer experience. Customers reported Lima One Capital as having outstanding loan service, low rates, great customer service, and fast closing.
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Visio Lending: Best for Investment Property Refinance


Maximum Loan Amount	$2 million	Loan Term	Five to 30 years
Minimum Credit Score	660	Fees	Up to 5% or loan amount (standard is 2%)
Starting Interest Rates	5.2%	Funding Time	Typically 21 days
Investor Experience	List of past projects, if applicable	Customer Reviews	4.5 of 5 stars*
Visit Visio Lending

*Based on average of multiple review sites

Visio Lending is the best hard money lender for refinancing or growing a rental portfolio. Visio Lending offers bridge loans for rent-ready properties and permanent investment property loans for long-term buy-and-hold investors. It offers a wide range of loans with a minimum loan of $45,000 and a maximum loan of $2 million. Visio Lending is best for both new and experienced landlords looking to grow their rental portfolio with long-term rates starting at 5.2%.

More Details

Visio Lending Costs

Anticipated Interest Rates	Around 7.5% is typical
Application Fees	None; prepayment penalty on long-term loans
Lender Fees (Points)	2% to 5% of loan amount
Closing Costs	$1,645 plus $750 per property; $300-$500 appraisal fees

Visio Lending offers competitive low rates with its short-term bridge loans and permanent hard money loans. Interest rates start at 5.2% for long-term loans (buy-downs available to 4.3%), and 5.55% for short-term loans. Rates are calculated based on your middle credit score, LTV, and debt service coverage ratio (DSCR).

Visio Lending Terms

Maximum Loan Amount	$2 million
Loan-to-Value (LTV)	80% LTV
Average Loan Term	Five years
Funding Approval	As few as 21 days

Visio Lending offers three types of loans, including single-rental loans, blanket loans for multiple properties, and bridge loans, with a maximum loan amount of $2 million and 80% loan-to-value (LTV). 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 properties quickly. They also offer portfolio lending for vacation and short-term rental properties.

Visio Lending Qualifications

Credit Score	660 minimum
Bank Statements	Two months
Real Estate Experience	Project dependent; list of past projects
Down Payment	20% minimum

Funding with Visio Lending is generally within 21 business days. Since Visio Lending lends on LTV and not after repair value (ARV), it will verify your prior real estate experience, but the lender focuses more on your FICO score and the property. You’ll need a minimum FICO of 660 and at least a 20% down payment.

Visio Lending Customer Experience

Visio Lending is a great lender for buy-and-hold investors, offering flexible, long-term loans. We took an average of online reviews ranking Visio Lending with 4.5 out of 5 stars. Customers especially liked the personal attention and detail their loan officer gave to them. They also reported that projects funded quickly and the process went smoothly even when funding multiple loans simultaneously. Check out our Visio Lending review page for more information.
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RCN Capital: Best for Fast Funding


Maximum Loan Amount	Up to $5 million	Loan Term	12 to 18 months
Minimum Credit Score	600	Fees	3% to 5% of loan amount
Starting Interest Rates	5.55%	Funding Time	As few as 10 days
Investor Experience	Completed two flips or owned two rentals within three years	Customer Reviews	3.8 of 5 stars*
Visit RCN Capital

RCN Capital offers short-term bridge loans, after repair value (ARV) loans, a buy-to-rent program, and long-term rental loans. It finances deals at 90% loan-to-cost (LTC) and 100% of rehab. Short-term rates start at 5.55%, with flexible terms and a minimum credit score of 600. RCN Capital can provide a commitment letter within 24 to 48 hours and funding in as few as 10 days, making them our best hard money lender for fast funding.

More Details

RCN Capital Costs

Anticipated Interest Rates	7.99%
Application Fees	None
Lender Fees (Points)	3% to 5% of loan amount; loan termination fee of 1% after 9 months
Closing Costs	2% to 5% of loan amount

RCN Capital issues hard money loans with interest rates that range from 5.5% to 7.99% and up. The lender doesn’t charge a prepayment penalty, but does charge a loan termination fee of 1% to borrowers who pay off the loan after nine months. Borrowers work with the same loan officer from application through closing. Underwriting and loan approval are done in-house, giving RCN Capital a local bank flavor though they lend in 45 states.

RCN Capital Terms

Maximum Loan Amount	$2.5 million
Loan-to-Cost (LTC)	90% LTC, 100% of rehab costs
Average Loan Term	12 to 18 months
Funding Approval	24-48 hour commitment letter; close in as few as 10 days

RCN Capital hard money loans have a typical loan term of 12 to 18 months and require the loan balance to be paid in full at the end of the term. Its Buy-to-Rent program has a two-year term and allows a six-month extension. There are no prepayment penalties on the fix-and-flip loan program. Maximum hard money loan amount is $2.5 million and RCN Capital lends up to $5 million in its long-term rental program.

RCN Capital Qualifications

Credit Score	600 minimum
Bank Statements	Two months
Real Estate Experience	Two flips or two long-term rentals within three years
Down Payment	10% minimum

At RCN Capital, your credit score is taken into consideration. RCN Capital’s bridge loans and After Repair Value loan program have a minimum credit requirement of 600. The Buy-to-Rent loan program has a minimum credit score of 660. The Long-term Rental loan program has a minimum score of 620. RCN Capital hard money loans are best for experienced investors with at least two fix and flips under their belts or two long-term rentals, both within three years.

RCN Capital Customer Experience

With RCN’s commitment to outstanding customer service, we were able to find reviews ranking them with an average of 3.8 of 5 stars. Clients said they loved the fast turnaround time to closing and raved about their experiences in working with the same loan officer from the application process through closing the loan. If you want to learn more about RCN Capital, check out our RCN Capital review.
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Delancey Street: Best for Startup Developers


Maximum Loan Amount	No maximum	Loan Term	Up to 30 years
Minimum Credit Score	None	Fees	1.5% to 3.5% of loan amount
Starting Interest Rates	7.99% to 12%	Funding Time	Up to 30 days
Investor Experience	List of past projects or scope of work with contractor bid	Customer Reviews
Visit Delancey Street

*Based on average of multiple review sites

Delancey Street offers loans to real estate investors, entrepreneurs, and businesses of all sizes. It offers financing up to $8 million, making Delancey Street the best hard money lender for creative commercial and residential financing. This lender is best for experienced investors looking for fast cash for a complex deal, a quick decision turnaround, and terms from six to 48 months for residential or commercial fix-and-flip hard money loans, or 30-year long-term loans.

More Details

Delancey Street Costs

Anticipated Interest Rates	7.99%
Application Fees	None
Lender Fees (Points)	1.5% to 3.5% of loan amount; no prepayment penalties
Closing Costs	2% to 5% of loan amount, appraisal fee up to $500

Delancey Street offers fix-and-flip, residential, and commercial loans starting at 7.99% for the most qualified borrowers. It does not charge an application fee and offers an online application to help determine rates fast. Lender fees and closing costs are competitive, ranging from 1.5% to 5% of the amount borrowed.

Delancey Street Terms

Maximum Loan Amount	None specified
Loan-to-Value (LTV)	80% to 90% LTV
Average Loan Term	12 months to 30 years
Funding Approval	Up to 30 days

Delancey Street has multiple products to choose from, including hard money loans and startup funding. Its hard money loans offer high LTVs and no borrowing limits. Borrowers will need a minimum of 10% down payment, but can get loans for up to 30 years. Since projects funded by Delancey Street tend to be more complex, funding can sometimes take up to 30 days.

Delancey Street Qualifications

Credit Score	None
Bank Statements	Two months
Real Estate Experience	List of past projects or scope of work with contractor bid
Down Payment	10% minimum; 20% to 30% typical

Delancey Street doesn’t require a credit score, but is best for experienced real estate investors with at least one fix and flip, a list of past projects, or scope of work with contractor bids from experienced contractors. Delancey Street will fund up to 90% LTV, but it is more likely to fund 70% to 80% of a project, so borrowers should show proof of funds for a 20% to 30% down payment.

Delancey Street Customer Experience

Delancey Street is a nationwide lender that specializes in complex transactions. Delancey Street prides itself in helping business owners who can’t get traditional financing. Reviewers reported that they appreciated Delancey Street’s creative approach to financing and that the company didn’t use traditional metrics such as credit scores when determining loan eligibility, and instead looked at the creativity of the project. Its average ranking is 4.3 out of 5 stars.
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Finance of America Commercial: Best Hard Money Lender for Commercial Properties


Maximum Loan Amount	Starting at $10 million	Loan Term	Up to 30 years
Minimum Credit Score	None	Fees	1% to 5% of loan amount
Starting Interest Rates	5.5% to 9%	Funding Time	Up to 30 days
Investor Experience	At least one flip; at least two completed projects for a line of credit	Customer Reviews	3.9 of 5 stars*
Visit Finance of America Commercial

*Based on average of multiple review sites

Finance of America Commercial is our pick for best hard money lender for developing or flipping commercial real estate. Finance of America Commercial offers both short-term and permanent loans ranging from one to 30 years. It lends up to 75% LTV with a maximum loan exposure of $10 million, with rates from 5.5% to 9%. Finance of America Commercial’s minimum and maximum loan amounts depend on the type of loan and the type of project, as well as the borrower’s qualifications.

More Details

Finance of America Commercial Costs

Anticipated Interest Rates	9%
Application Fees	None
Lender Fees (Points)	1.5% to 5% of loan amount; no prepayment penalty
Closing Costs	2% to 5% of loan amount

Finance of America Commercial offers low starting rates at 5.5%, but its average rates start at 6.75%. Finance of America Commercial rates depend on the type of scope of the project, the investor’s commercial real estate experience, and in some cases, the FICO score.

Finance of America Commercial Terms

Maximum Loan Amount	Starting at $10 million; no maximum
Loan-to-Value (LTV) and After Repair Value (ARV)	80% LTV, 75% ARV
Average Loan Term	Up to 30 years
Funding Approval	Up to 30 days

Finance of America Commercial offers bridge loans, non-recourse commercial loans, and construction loans for commercial properties. These loans have varying terms from 12 months to 30 years with no prepayment penalties. Borrowers can get financing over $10 million with an 80% LTV and 75% ARV.

Finance of America Commercial Qualifications

Credit Score	No FICO required; funding is based on investor experience and the property
Bank Statements	Two months
Real Estate Experience	One fix and flip or two years for line of credit
Down Payment	10% minimum

Finance of America Commercial is a commercial hard money lender, so loans are often larger and generally require more due diligence, increasing funding time to 30 days. There is no minimum FICO score, but the investor’s experience and the property are considered for funding approval. For a single loan, there is no experience requirement, and for a line of credit, investors need to have completed at least two projects.

Finance of America Commercial Customer Experience

Finance of America Commercial caters to experienced real estate investors, offering fix-and-flip and rental property loans. Customer reviews show that Finance of America has knowledgeable and friendly staff who are willing to help customers through education. They value putting the power back into the customer’s hand, providing resources, services, and high-tech lending. They received an average score of 3.9 of 5 stars. If you want more information, check out our Finance of America Commercial review.
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Patch of Land: Fix & Flip or Commercial Hard Money Loans


Maximum Loan Amount		Loan Term	12 to 24 months
Minimum Credit Score		Fees	3% to 5% of loan amount
Starting Interest Rates	5.99% to 9.25%	Funding Time	As few as 7 days
Investor Experience	List of past projects or scope of work and contractor bid	Customer Reviews	3.5 of 5 stars*
Visit Patch of Land

*Based on average of multiple review sites

Patch of Land offers commercial hard money loans in addition to residential loans, and is our pick for best hard money lender for fix-and-flip commercial loans. Patch of Land offers short-term hard money loans with interest rates starting at 5.99%. Its loan duration ranges from 12 to 24 months for short-term financing with an optional one-year extension, to 30 years on their 5/1 adjustable rate mortgage (ARM) and 10/1 ARM interest-only loans. Patch of Land offers interest-only monthly payments, paying in full at the end of the loan term.

More Details

Patch of Land Costs

Anticipated Interest Rates	9%
Application Fees	None
Lender Fees (Points)	3% to 5% of loan amount; no prepayment on fix and flip
Closing Costs	2% to 5% of loan amount

Patch of Land offers residential and commercial hard money loans with rates starting at 5.99%, but borrowers typically pay around 9% depending on their experience and the project. Points are determined by the loan parameters, the size of the loan, investor experience, LTV, and ARV.

Patch of Land Terms

Maximum Loan Amount	Over $5 million
Loan-to-Value (LTV)	85%
Average Loan Term	12 to 24 months; no prepayment penalty on short-term loans
Funding Approval	As few as 7 days

Patch of Land offers hard money loans with loan terms from one to two years, an optional one-year extension, and 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 Qualifications

Credit Score	600 minimum
Bank Statements	Two to three months
Real Estate Experience	List of past projects or scope of work and contractor bid
Down Payment	20% minimum

Patch of Land requires a 20% down payment and a minimum FICO of 600, and is best for experienced real estate investors. The lender will review a list of completed projects. Patch of Land requires all borrower documents to be submitted during prequalification. This hard money lender conducts an independent background check of the borrower, reviews all documents, and contacts the borrower regarding final appraisal, loan terms, and funding.

Patch of Land Customer Experience

Patch of Land prides itself on being simple, fast, and easy. Reviews of Patch of Land varied, with an uptick in more recent negative reviews. We took an average of online reviews ranking Patch of Land with 3.5 out of 5 stars. Overall, reviews showed that experienced investors rated Patch of Land higher than novice investors. If you want more details, check out our Patch of Land review.
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CoreVest: Best Hard Money Lender for Larger Projects


Maximum Loan Amount	$250 million	Loan Term	Up to 30 years
Minimum Credit Score	620 minimum	Fees	Starting at 2% of loan amount
Starting Interest Rates	6% to 9.95%	Funding Time	As few as 15 days
Investor Experience	List of two or more past projects or scope of work with contractor bid	Customer Reviews	3.8 of 5 stars*
Visit CoreVest

*Based on average of multiple review sites

CoreVest is the best hard money lender for large portfolios and investment property loans up to $250 million. 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.

It also offers a permanent rental mortgage with a term of 30 years, as well as portfolio loans with five-, seven-, and 10-year terms. CoreVest is best for investors with previous real estate experience. It prefers borrowers with fix-and-flip experience for their short-term loans.

More Details

Bottom Line

Hard money loans offer short-term financing solutions for real estate investors who typically can’t get funding for their real estate investing projects through traditional lenders. We evaluated the eight best hard money lenders in 2020 that work with both new and experienced real estate investors and provide financing from single residential investment properties through large commercial projects and real estate portfolios, choosing lenders to meet nearly every investor’s financing needs.

About the Author

Melanie Patterson

Melanie Patterson, MA, CBA is a staff writer at Fit Small Business specializing in Real Estate Investing with over 25 years of combined experience in real estate sales, property management, and residential buy-and-hold real estate investing. In addition to managing her own property, Melanie has also managed a women’s emergency shelter.

Comments (14) • Likes (0)
Disclaimer: Reviews on FitSmallBusiness.com are the product of independent research by our writers, researchers, and editorial team. User reviews and comments are contributions from independent users not affiliated with FitSmallBusiness.com's editorial team. Banks, issuers, credit card companies, and other product & service providers are not responsible for any content posted on FitSmallBusiness.com. As such, they do not endorse or guarantee any posted comments or reviews. Like Ask a Question

best moneylender

June 21, 2017 at 4:18 am

Hi I was searching for the blogs for many times, now I have reached at the right place.

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Neal

February 17, 2017 at 5:08 pm

I’m interested in buying a multi family property. I’ve been a landlord since 2005 owning 4 rental properties. I wanted to know how much down payment is required, and what is the credit score requirements?

Log in to Reply
- Ian Atkins
  
  February 17, 2017 at 10:53 pm
  
  Hi Neal,
  
  You’ll find everything you need at our article on Multifamily Financing.
  
  Let me know if you have any other questions.
  
  Best,
  
  Ian
  
  Log in to Reply
- Noah Grayson
  
  February 17, 2017 at 11:06 pm
  
  We can finance multifamily property nationwide up to $5M. We’ll lend up to 80% loan-to-value (LTV) and we will consider credit down to 600. You can apply on our website at http://www.southendcapital.com via our small-balance real estate application.
  
  Best,
  
  Noah
  Managing Director
  South End Capital
  
  Log in to Reply
Jeff

August 23, 2016 at 3:45 pm

How much is each of these companies charging for points?

2-4 weeks is a long time for hard money funding. A good direct hard money lender can fund in a week if needed.

Log in to Reply
- Ian Atkins
  
  August 23, 2016 at 5:03 pm
  
  Hi Jeff,
  
  We’ll get the table updated to reflect the points charged (where applicable) during our next article update. Thanks for pointing this out.
  
  Would you like to share comparable information (as is in the table) for North Coast Financial, Inc?
  
  We’re always on the look out for the best providers.
  
  Best,
  
  Ian
  
  Log in to Reply
  - Jeff
    
    August 23, 2016 at 5:08 pm
    
    Hi Ian,
    
    I’d be happy to provide this information. Please email me jeff@northcoastfinancialinc.com
    
    Log in to Reply
- Noah Grayson
  
  August 23, 2016 at 5:13 pm
  
  Hi Jeff,
  
  Our average close time for collateralized hard-money real estate loans is 2 and 1/2 weeks. It takes a bit longer than a week for us because we do require a full appraisal. However, that enables us to provide longer term fixed financing and more competitive rates.
  
  We can provide uncollateralized hard-money business loans in as fast as 1 day with an average close time of 3 to 5 days.
  
  Our average points charged on our collateralized hard-money real estate loans ranges from 1 to 2.99 and for uncollateralized hard-money business loans that range is from 0 to 5.
  
  Feel free to visit our website or contact us for more information.
  
  Thank you,
  
  Noah Grayson
  Managing Director
  South End Capital Corporation
  
  Log in to Reply
Michael Hopkins

August 9, 2016 at 7:54 pm

South End Capital would not accept my formal mortgage application. South End Capital is an awful company. You will need to fill out several forms and applications both online and offline before they will even give you potential rates and fees. Where other lenders just require some information without a formal application before they quote. Anyone else is better.

Log in to Reply
- Ian Atkins
  
  August 10, 2016 at 10:23 pm
  
  Hi Michael,
  
  Thanks for adding your voice to our site.
  
  Sorry to hear your experience with South End Capital’s application process left something to be desired.
  
  What hard money lender ended up being the best fit for you?
  
  We’ll take your experience under consideration when we update this article.
  
  Best,
  
  Ian
  
  Log in to Reply
  - Greg S.
    
    August 8, 2019 at 3:45 pm
    
    Are there any zero down loans? I was with Do Hard Money but they are a rip off
    
    Log in to Reply
    - Amanda Norman
      
      August 9, 2019 at 3:13 am
      
      Hi Greg,
      Our article 3 Ways to Flip Houses With No Money has other options that might work for you.
      Thanks for visiting the site! Wish you the best.
      
      Mandy, Moderator
      
      Log in to Reply
- Noah Grayson
  
  August 11, 2016 at 1:19 am
  
  Hi Michael,
  
  Thank you for posting your concerns about South End Capital. I have checked our system and I show no record of any application submitted by you.
  
  I apologize if you had a negative experience with South End Capital as it is our primary goal to provide the highest level of customer service.
  
  I would be happy to review your application as well as the details specific to your situation, so that I can have the opportunity to rectify any issues you encountered and provide you the level of service you expected.
  
  Please feel free to contact me directly.
  
  Thank you,
  
  Noah Grayson
  Managing Director
  South End Capital Corporation
  
  Log in to Reply

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8 Best Hard Money Lenders 2020

Which Hard Money Lender Is Right for You?

Question 1

What is your level of experience with real estate investing?

Question 2

How important is it for you to get financing in almost every state?

Question 3

What type of loan terms are you seeking?

Local Hard Money Lenders

How We Determined the Best Hard Money Lenders

Hard Money Loan Criteria

LendingHome: Overall Best Hard Money Lender

LendingHome Costs

LendingHome Terms

LendingHome Qualifications

LendingHome Customer Experience

Lima One Capital: Best for Residential Fix & Flip Loans

Lima One Capital Costs

Lima One Capital Terms

Lima One Capital Qualifications

Lima One Capital Customer Experience

Visio Lending: Best for Investment Property Refinance

Visio Lending Costs

Visio Lending Terms

Visio Lending Qualifications

Visio Lending Customer Experience

RCN Capital: Best for Fast Funding

RCN Capital Costs

RCN Capital Terms

RCN Capital Qualifications

RCN Capital Customer Experience

Delancey Street: Best for Startup Developers

Delancey Street Costs

Delancey Street Terms

Delancey Street Qualifications

Delancey Street Customer Experience

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Melanie Patterson

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