Hard Money Lenders
Our list of mortgage lenders, hard money lenders and bad credit lenders is meant as a resource for internet users who have been looking for reputable hard money lenders, mortgage lenders or bad credit mortgage lenders. Hard money lenders and bad credit mortgage lenders provides hard money loans to individuals with less than perfect credit. Hard money lenders often provide hard money lender loans very quickly. However, hard money lenders typically charge higher loan rates than traditional mortgage loans. If you have been searching for hard money lenders, simply click on the hard money lender links or browse down for information on these hard money lenders and bad credit home mortgage lenders.
If you would like to inquire about a debt consolidation, hard money lender or bad credit mortgage loan, please fill out our two minute application below --
HARD MONEY LENDERS DIRECTORY -- Click For Hard Money Lenders Listed By State
Our list of hard money lenders is meant as a resource for internet users who have been looking for reputable hard money lenders in California and nationwide. Hard money lenders provide private hard money loans to individuals with bad credit. Hard money lenders often provide hard money loans very quickly, but charge higher loan rates than traditional mortgage home lenders. If you have been searching for hard money lenders, simply click on the hard money links or browse down for information on these hard money lenders.
| Hard Money Lender -- A Bad Credit Lender | |
| Statement: A Bad Credit Lender is a nationwide direct hard money lender that offers California hard money loans, bad credit loans and subprime loans. We offer competitive rates and terms that will vary based on property type, loan to value, credit scores, as well as a host of other factors. www.badcreditlender.net |
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| Hard Money Lender Type | Commercial, Real Estate, Construction, Residential |
| Hard Money Lender Area | CA, Nationwide |
| Contact | Jason Struthers , jason@badcreditlender.net |
| City, State | San Diego, California, 92037 |
| Phone | (858) 454-4034 |
| Hard Money Lender -- 1st Access Funding | |
| Statement: 1st Access Funding offers California hard money loans and subprime loans at the most competitive rates available. As a California based hard money lender, we represent
a multitude of private investors who specialize in
funding hard money loans. In addition to our expertise in hard money loans and subprime loans, we also service bridge loans, construction loans and commercial real estate loans. www.1st-access-hard-money-loans-funding.com |
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| Hard Money Lender Type | Residential and Commercial |
| Hard Money Lender Area | California, Arizona, Nevada, Florida |
| Contact | Chris Dinofia, chris@1st-access-hard-money-loans-funding.com |
| City, State | San Diego, California, 92107 |
| Phone | (858) 212-1443 |
| Hard Money Lender -- Coastal La Jolla Funding | |
| Statement: Coastal La Jolla Funding is a California based hard money lender that represents a multitude of private investors who specialize in funding hard money loans. In addition to our expertise in hard money loans, we also service bridge loans, construction loans and commercial real estate loans. www.coastallajollafunding.com |
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| Hard Money Lender Type | Residential and Commercial |
| Hard Money Lender Area | CA, FL, AZ, NV |
| Contact | Craig Cecilio, craig@coastallajollafunding.com |
| City, State | La Jolla , California, 92037 |
| Phone | (858) 456-2423 |
| Hard Money Lender -- Alpha Equities | |
| Statement: Breecorp | |
| Hard Money Lender Type | Commercial |
| Hard Money Lender Area | Nationwide |
| Contact | Reed, breecorp@aol.com |
| City, State | Akron, Ohio, 44312 |
| Phone | (866) 706-8811 |
| Hard Money Lender -- Monterey Bay Resources | |
| Statement: Monterey Bay Resources www.mbrllc.com |
|
| Hard Money Lender Type | Residential |
| Hard Money Lender Area | California |
| Contact | Ty Ebright, ty@mbrllc.com |
| City, State | Soquel, California, 95073 |
| Phone | (831) 462-6762 |
| Hard Money Lender -- Value Home Loan | |
| Statement: Value Home Loan www.valuehomeloan.com |
|
| Hard Money Lender Type | Residential |
| Hard Money Lender Area | California, Colorado, Nevada, Oregon, Washington |
| Contact | Jack Miller, jack@valuehomeloan.com |
| City, State | Woodland Hills, California, 91367 |
| Phone | (818) 742-0010 x228 |
Alabama Hard Money Lenders
| Alabama Hard Money Lender -- Diversified Mortgage Group | |
| Alabama Hard Money Lender Statement: Diversified Mortgage Group. Programs: Commercial, Residential, and Land. Classified as a SOFT Hard Money Lender. Rates 12-16%, Up to 70% LTV, Reasonable Fees and Points. Loan Amounts: $500,000+ www.hardmoneymortgages.com | |
| Alabama Hard Money Lender Type | Residential and Commercial |
| Alabama Hard Money Lender Area | AL |
| Hard Money Lender Contact | Dennis Thomas |
| City, State | N/A |
| Phone | (205) 437-3685 |
Alaska Hard Money Lenders
Arizona Hard Money Lenders
| Arizona Hard Money Lender -- Diversified Mortgage Group | |
| Arizona Hard Money Lender Statement: Lafayette Financial offers equity based loans up to 70% LTV. 1st, 2nd or 3rd lien position, residential/commercial. Loan Amounts: $15,000 to $500,000 : www.lafayettefinancial.com | |
| Arizona Hard Money Lender Type | Residential and Commercial |
| Arizona Hard Money Lender Area | AZ |
| Hard Money Lender Contact | Wayne or Don Powell |
| City, State | N/A |
| Phone | (888) 576-6534 |
Arkansas Hard Money Lenders
--- No hard money lenders available at this time
California Hard Money Lenders
| California Hard Money Lender -- Coastal La Jolla Funding | |
| Statement: Coastal La Jolla Funding is a California based hard money lender that represents a multitude of private investors who specialize in funding hard money loans. In addition to our expertise in hard money loans, we also service bridge loans, construction loans and commercial real estate loans. www.coastallajollafunding.com |
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| California Hard Money Lender Type | Residential and Commercial |
| California Hard Money Lender Area | CA, FL, AZ, NV |
| Contact | Craig Cecilio, craig@coastallajollafunding.com |
| City, State | La Jolla , California, 92037 |
| Phone | (858) 456-2423 |
Colorado Hard Money Lenders
| Colorado Hard Money Lender -- DHLC Investments, Inc. | |
| Statement: N/A |
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| Colorado Hard Money Lender Type | Residential |
| Colorado Hard Money Lender Area | Colorado |
| Contact this hard money lender | needcashfast@dhlc.com |
| City, State | DFW Metroplex, Colorado |
| Phone | (972) 467-6547 |
Connecticut Hard Money Lenders
Delaware Hard Money Lenders
--- No hard money lenders available at this time
District of Columbia Hard Money Lenders
Florida Hard Money Lenders
| Florida Hard Money Lender -- Coastal La Jolla Funding | |
| Statement: Coastal La Jolla Funding is a hard money lender that represents a multitude of private investors who specialize in funding hard money loans. In addition to our expertise in hard money loans, we also service bridge loans, construction loans and commercial real estate loans. www.coastallajollafunding.com |
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| Florida Hard Money Lender Type | Residential and Commercial |
| Florida Hard Money Lender Area | CA, FL, AZ, NV |
| Contact | Craig Cecilio, craig@coastallajollafunding.com |
| City, State | La Jolla , California, 92037 |
| Phone | (858) 456-2423 |
| Florida Hard Money Lender -- Pace Lending & Investments | |
| Statement: Pace Lending & Investments www.pacelending.com |
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| Florida Hard Money Lender Type | Residential |
| Florida Hard Money Lender Area | FL, NC |
| Contact | Paul, paul@pacelending.com |
| City, State | Jacksonville, Florida |
| Phone | (904) 396-0072 |
Georgia Hard Money Lenders
| Georgia Hard Money Lender -- Eric and Deneen Whatley | |
| Statement: N/A |
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| Georgia Hard Money Lender Type | Residential |
| Georgia Hard Money Lender Area | GA, TX |
| Contact | ericwhatley@prodigy.net |
| City, State | Georgia and Texas |
| Phone | (770) 478-428 |
Hawaii Hard Money Lenders
--- No hard money lenders available at this time
Idaho Hard Money Lenders
--- No hard money lenders available at this time
Illinois Hard Money Lenders
| Illinois Hard Money Lender -- 4R Management | |
| Statement: Hard Money Loans for rehabs, commercial loan programs, residential mortgage programs, and bridge loans | |
| Illinois Hard Money Lender Type | Residential and commercial |
| Illinois Hard Money Lender Area | IL |
| Contact | Ryan Steele |
| City, State | Olympia Fields, IL |
| Phone | (708) 748-0123 |
Indiana Hard Money Lenders
--- No hard money lenders available at this time
Iowa Hard Money Lenders
--- No hard money lenders available at this time
Kansas Hard Money Lenders
--- No hard money lenders available at this time
Kentucky Hard Money Lenders
--- No hard money lenders available at this time
Louisiana Hard Money Lenders
--- No hard money lenders available at this time
Maine Hard Money Lenders
--- No hard money lenders available at this time
Maryland Hard Money Lenders
| Maryland Hard Money Lender -- Chandler & Associates, Inc. | |
| Hard Money Lender Statement: Money for special projects, hard money, hotels and much more. |
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| Maryland Hard Money Lender Type | Residential and Commercial |
| Maryland Hard Money Lender Area | MD |
| Contact | Brian Chandler |
| City, State | Gaithersburg, MD 20879 |
| Phone | (301) 527-0023 |
Massachusetts Hard Money Lenders
--- No hard money lenders available at this time
Michigan Hard Money Lenders
--- No hard money lenders available at this time
Minnesota Hard Money Lenders
| Minnesota Hard Money Lender -- Minneapolis Hard Money | |
| Minnesota Hard Money Lender Statement: N/A |
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| Minnesota Hard Money Lender Type | Residential and Commercial |
| Minnesota Hard Money Lender Area | MN |
| Contact | Mike Stock |
| City, State | Minneapolis |
| Phone | N/A |
Mississippi Hard Money Lenders
--- No hard money lenders available at this time
Missouri Hard Money Lenders
--- No hard money lenders available at this time
Montana Hard Money Lenders
--- No hard money lenders available at this time
Nebraska Hard Money Lenders
--- No hard money lenders available at this time
Nevada Hard Money Lenders
--- No hard money lenders available at this time
New Hampshire Hard Money Lenders
--- No hard money lenders available at this time
New Jersey Hard Money Lenders
--- No hard money lenders available at this time
New Mexico Hard Money Lenders
--- No hard money lenders available at this time
New York Hard Money Lenders
--- No hard money lenders available at this time
North Carolina Hard Money Lenders
--- No hard money lenders available at this time
North Dakota Hard Money Lenders
--- No hard money lenders available at this time
Ohio Hard Money Lenders
| Ohio Hard Money Lender -- Marketplace Mortgage Corp. | |
| Hard Money Lender Statement: N/A | |
| Ohio Hard Money Lender Type | Residential and Commercial |
| Ohio Hard Money Lender Area | Ohio |
| Hard Money Lender Loan Amount | N/A |
| Contact | Mark Mahlmesiter |
| City, State | Lima, Oh. |
| Phone | (877) 700-8420 |
Oklahoma Hard Money Lenders
--- No hard money lenders available at this time
Oregon Hard Money Lenders
| Oregon Hard Money Lender -- All Real Estate Loans & Investments Co. | |
| Hard Money Lender Statement: All Real Estate Loans & Investments Co. |
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| Oregon Hard Money Lender Type | Residential and Commercial |
| Oregon Hard Money Lender Area | Oregon and Washington State |
| Hard Money Lender Loan Amount | $10,000 to $50,000,000 |
| Contact | realoans@allrealestateloans.com |
| City, State | N/A |
| Phone | (541) 471-4987 |
Pennsylvania Hard Money Lenders
| Pennsylvania Hard Money Lender -- Community Investment Group, Ltd | |
| Pennsylvania Hard Money Lender Statement: N/A |
|
| Pennsylvania Hard Money Lender Type | Residential and Commercial |
| Pennsylvania Hard Money Lender Area | Pennsylvania |
| Hard Money Lender Loan Amount | N/A |
| Contact | spence@deedlaw.com |
| City, State | N/A |
| Phone | (412) 325-3100 |
Rhode Island Hard Money Lenders
--- No hard money lenders available at this time
South Carolina Hard Money Lenders
--- No hard money lenders available at this time
South Dakota Hard Money Lenders
--- No hard money lenders available at this time
Tennessee Hard Money Lenders
--- No hard money lenders available at this time
Texas Hard Money Lenders
--- No hard money lenders available at this time
Utah Hard Money Lenders
| Utah Hard Money Lender -- All Star Financial | |
| Hard Money Lender Statement: All types of loans, No Qualify, Equity Required. This is hard money. Most loans will be 18% Interest plus points |
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| Utah Hard Money Lender Type | Residential and Commercial |
| Utah Hard Money Lender Area | Utah |
| Hard Money Lender Loan Amount | $10,000 to $5,000,000 |
| Contact | Utahinvestor@yahoo.com |
| City, State | N/A |
| Phone | (801) 205-7915 |
Vermont Hard Money Lenders
--- No hard money lenders available at this time
Virginia Hard Money Lenders
--- No hard money lenders available at this time
Washington Hard Money Lenders
--- No hard money lenders available at this time
West Virginia Hard Money Lenders
--- No hard money lenders available at this time
Wisconsin Hard Money Lenders
--- No hard money lenders available at this time
HARD MONEY LENDER INFORMATION
Our list of hard money lenders is meant as a resource for any interested in finding reputable hard money lenders across America. Hard money lenders provides hard money loans to individuals with less than perfect credit. Hard money lenders often provide hard money lender loans very quickly, without the need to go through traditional lending institutions. However, hard money lenders typically charge higher loan rates than a normal mortgage broker. If you have been looking for a network of Hard Money Lenders in California who specialize in hard money lenders then our hard money lender page is perfect for you.
WHAT HARD MONEY LENDERS DO?
For hard money lenders, lending money on foreclosed properties or to individuals with low fico scores is par for the course. Hard money lenders and subprime lenders operate where mortgage lenders won't go, financing hard money lender loans to "hard up" borrowers in the same way as banks and brokers help traditional customers -- with a couple of important differences.
PROS OF HARD MONEY LENDERS
Hard money lenders can lend money much more quickly than traditional institutional lenders. For borrowers who have no other choice, hard money lenders are often the only choice for a loan on their residential or commercial property. Certainly, hard money lenders are less common than institutional lenders -- making hard money lenders a niche within the mortgage lender field.
"Hard money lenders are essentially private investors that analyze risky financial ventures and, if the risks seem acceptable, they agree to lend the money at fairly high interest rates," comments Craig Cecilio, owner of Coastal La Jolla Funding of San Diego, California. Many mortgage brokers get into the hard money lender act, mainly because they often have ties to individuals or groups with the sort of money or funds that are needed for hard money lender loans.
WHAT TO BE AWARE OF WITH HARD MONEY LENDERS
Hard money lenders aren't mobsters who send their right hand men out to beat up borrowers up who renege on their hard money loans. Hard money lenders do charge high interest rates, often 10% to 15% APR, plus 4 to 8 points up front on the hard money loans. While these rates may seem usurious to many borrowers, if you weigh the risks for the hard money lender themselves, it is actually a substantial gamble for the hard money lenders as well. In the event that a borrower cannot pay back the hard money lender loan, the residential or commercial property will then become the asset of the
hard money lender, who can then turn around a sell the property for the market value minus whatever is owed on the property. While many may view hard money lenders as predatory in their lending practices, these hard money lenders certainly have an important place in the mortgage world. "Hard money lenders are often the last and only hope for many projects that can make the borrower a lot of money down the road. That's why they are often referred to as construction loans or bridge loans," says Chris Dinofia of 1st Access Funding. "If a developer has spent $50 million on a project but runs out of money three months before he is ready to start selling units, he has to acquire a bridge loan for 90 days to get him over the hump. As long as the development is well thought out and has real market value, the developer stands to make a lot of money -- even with the money he has to pay on the bridge loan."
A TYPICAL HARD MONEY LENDER SITUATION
Let's say a borrower goes to a hard money lender for a construction loan because of their low fico score and bad credit. However,
the borrower has 50% equity in the property and wants to get a second loan to build a new home on the property. Traditional
lenders will almost always pass because of the fico cut off and bad credit of the borrower. Also, conventional lenders often have
problems with properties that derive a substantial portion of their value from the land rather than the house.
Buyers of expensive properties and those who already own such homes and want to cash out large amounts of their equity via refinance loans also turn to private money. So do real estate investors. These buyers purchase properties on the cheap, fix them up and sell them for profit. They use private loans because the loans come with less red tape and restrictions than bank loans.
Borrowers facing foreclosure make up the last major category of hard money customers. When someone misses a mortgage payment, that person usually has some leeway to bring the loan current. But once a 30-day delinquency turns into a 120-day or 180-day one, the lender will usually start the foreclosure process. At that point, the borrower is so far behind that even subprime lenders are reluctant to come in, refinance the loan and start the clock ticking again.
A hard money lender, on the other hand, may be willing to give that person a new loan. The customer can use it to pay off the original lender, gaining enough time to sell the property and find a new place to live. Borrowers who miss payments because of temporary problems, such as a job loss, can benefit, too. They can use the breathing room a hard money loan provides to rebuild their credit. By making payments on time for a year or two, they'll lay the groundwork for a future refinance into a more favorable loan.
HARD MONEY LENDERS CHARGE HIGH LOAN RATES
That said, hard money borrowers face a steep hill to climb. For starters, hard money lenders can be difficult to find. Most operate only within limited geographical areas because they like to see the properties they're lending against personally and know the area around them. Borrowers can try calling around to various mortgage brokers, some of whom have private investors who do hard money loans or know of people who do. Or, they can check their local newspaper's classified advertisement section. Many papers have listings that read something like this: "Can't get a loan? Call Us. Private Money Available." Customers who can find a hard money lender shouldn't expect to be offered grade-A terms, though. Private money mortgages typically have rates well into the double-digits and often come with several up front points. People who don't own at least 30 percent or 40 percent of their homes probably won't even be able to get a loan. That's because hard money lenders limit borrowers' loan-to-value ratios so they can still make money off their properties if they have to foreclose. Consumers need to watch out for "loan-to-own" predators, too. They structure hard money loans in such ways that borrowers inevitably fail just so they can take possession of their homes and profit off their sale.
"It's kind of the same rules you get on any loan -- clearly understand what it is you're getting into. Understand what the fees are and what the actual cost of the money is to you," Thompson says. "Be smart." Despite the pitfalls, lenders say that hard money loans can provide borrowers a lifeline in times of need. Consumers just need to make sure their loans will help get them out of debt, not bury them even further.
"If a property in a subdivision is worth $100,000, the loan-to-value on a hard money loan may be 50 percent to 65 percent, so maybe $65,000 maximum on a first mortgage is loaned against the property" to pay off the old lender who's preparing to foreclose, says Robin Snyder, president of Mortgage Bankers Ltd. in Baltimore.
"That does not mean that that customer can't take the property and sell it tomorrow for $100,000 and reap the benefits of that additional $35,000," he adds. "A person is better off paying 14 percent, or a higher rate than the normal rate of 9 or 10, to keep the property rather than lose it. Or say you don't get $100,000 for it, you get 90. Ninety is better than zero." If you would like to provide your hard money lender information, simply click on our hard money lender submit. hard money, hard money lender, hard money lenders, california hard money lender, california hard money lenders.
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