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applying for a loan

5 Best Hard Money Lenders

When a property doesn't fit a traditional bank's criteria, a hard money lender may be able to save the day.


[Updated: Jun 10, 2021 ] Apr 21, 2020 by Kevin Vandenboss

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Maximum loan amount $2.5 million
Interest rates 7.49%
LTV Up to 90% for fix-and-flips Up to 75% for rentals Up to 80% for multifamily
Terms 12 months for fix-and-flips 24 months for rentals 12 months for multifamily
Minimum credit score 600
Days to close 10+
Maximum loan amount $50 million
Interest rates 6.99%
LTV Up to 90%
Terms 12 to 24 months
Minimum credit score 620
Days to close 15+
Maximum loan amount $5 million
Interest rates 8.99%
LTV Up to 70%
Terms 13 to 24 months
Minimum credit score 620
Days to close 15+
Maximum loan amount $2 million
Interest rates 5.4%
LTV Up to 70%
Terms 3 to 6 months
Minimum credit score 620
Days to close 15+
Maximum loan amount $5 million
Interest rates 7.95%
LTV Up to 90% Up to 85%
Terms 12 months
Minimum credit score 620
Days to close 5+

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