Worcester Financial, LLC Reviews & Rates

By Neva Paule on June 14, 2017 | Hard Money Lenders, Reviews

Worcester Financial is a private lending company that offers short-term loans for fix and flip investors. Rates range from 11% to 16%, and they’ll lend up to 75% LTV or 65% ARV. The lender has been in business since 2016 and has funded less than 100 loans. No reviews were found online at the time this article was written.

Lender Information

Business Name:	Worcester Financial, LLC
Business Website:	worcesterfinancial.com
Business Address:	1220 Washington Street, Suite 200 Kansas City, MO 64105
Business Phone:	(816) 291-4146
Business Email:	info@worcester-investments.com
Business Established:	2016
LinkedIn:	linkedin.com/company/16175829/
Facebook:	facebook.com/Worcester-Financial-1580837838903069/
Twitter:	https://twitter.com/WILending

Worcester Financial, LLC: Rates & Terms

Types of Properties	Most property types considered except for raw land and owner-occupied residential properties
Loan Amount	No minimum loan amount
LTV	75%
ARV	65%
Interest Rates	11% to 16%
Lender Fees	4 points origination fee No prepayment penalty Appraisal fee
Loan Terms	6 to 12 months
Minimum Qualifications / Documentation	Not dependent on borrower’s credit Qualifications are asset-based First lien position
Time to Funding	Less than 2 weeks
Other Financing Available	Investment property loans Fix and flip loans Rehab loans

*Exceptions may be granted. Lender information is updated often, however exact lender terms may have changed.

Top Hard Money Lenders 2019

	LendingHome	Visio Lending	CoreVest
		Be the first to review	Be the first to review
Best For	Investors who want competitive rates and fast funding for residential fix-and-flips	Landlords wanting to refinance or grow their rental portfolio	Investors financing large real estate portfolios with limits up to $100 million
Loan Amount	Up to $1MM, 90% LTV, 75% ARV	Up to $2MM, 80% LTV	Up to $100MM, 75% – 80% LTV or LTC (loan-to-cost)
Terms	Average 12 months	Average two to 30 years	Average 1-30 years
Funding Time	Can be as little as 15 days	N/A	Can be as little as 15 days
Credit Score	550+	660+	620+
	Read Reviews	Read Reviews	Read Reviews

States Currently Lending In

Missouri

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