{"id":825,"date":"2025-05-05T09:47:43","date_gmt":"2025-05-05T09:47:43","guid":{"rendered":"https:\/\/online-casinos-download.com\/?p=825"},"modified":"2025-05-08T09:18:43","modified_gmt":"2025-05-08T09:18:43","slug":"the-6-best-hard-money-lenders-of-2025-interest-rates-fees-4","status":"publish","type":"post","link":"https:\/\/online-casinos-download.com\/index.php\/2025\/05\/05\/the-6-best-hard-money-lenders-of-2025-interest-rates-fees-4\/","title":{"rendered":"The 6 Best Hard Money Lenders of 2025 (+ Interest Rates & Fees)"},"content":{"rendered":"
If you’re looking into investing in real estate and are weighing your options on how to finance it, a hard money loan might be something to consider. Especially if you may have difficulty obtaining funding from a traditional bank loan, or are looking for something more flexible. Hard money loans are usually short-term, and secured by real estate being financed. <\/p>\n
If you\u2019re looking for a hard money lender that has flexible qualifications and can offer quick access to funds for a new investment or fix-and-flip property, take a look at the lenders I\u2019ve reviewed below.<\/p>\n
Close in as little as 10 days<\/li>\n<\/ul>\n<\/td>\n
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No nationwide coverage<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
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In-house loan approvals<\/li>\n<\/ul>\n<\/td>\n
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Appraisal required for all loans<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
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Funding for new construction projects<\/li>\n<\/ul>\n<\/td>\n
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No funding for owner-occupied residential properties<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
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Requires minimum after repair value for properties<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
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Rates & Terms <\/strong><\/p>\n
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Interest rate: <\/strong>9.20%<\/li>\n
Loan-to-value ratio:<\/strong> Up to 90% of the purchase price, 100% of renovation cost (not to exceed 75% of ARV)<\/li>\n
Term: <\/strong>12 & 18 months<\/li>\n
Upfront fees: <\/strong>No upfront fees. 3% to 6% origination fee<\/li>\n
Credit requirement:<\/strong> 650<\/li>\n
Min and max loan amount: <\/strong>$50,000 to $3 million<\/li>\n
Prepayment penalty: <\/strong>No<\/li>\n
Property types: <\/strong>Condo, townhouse, single-family, duplex, multiunit, mixed-use; not for owner-occupied properties<\/li>\n<\/ul>\n<\/div>\n
Why I chose RCN Capital<\/h3>\n
Whether you\u2019re a new, intermediate, or experienced investor, RCN Capital has financing options available for your project. It can fund large-scale development projects, multiple rental properties, and more since it offers high lending limits. That said, it determines the maximum loan value based on the loan program and the value of the real estate asset as collateral. Rates and LTV can vary based on your experience. However, rates, terms, and qualifications are quite competitive.<\/p>\n
With RCN Capital, you only pay interest on the money you’ve actually borrowed, not the portion set aside for renovations. Since there are no penalties for paying early, you can wrap things up ahead of schedule and keep more cash in your pocket. It has a pretty standard application process that can be completed online and involves credit checks, background checks, bank statements, and property appraisals.<\/p>\n
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Video library (Source: RCN Capital)<\/figcaption><\/figure>\n<\/div>\n
Loan approval in under ten days<\/li>\n<\/ul>\n<\/td>\n
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Limited coverage in certain states<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
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Simple renewal process once approved<\/li>\n<\/ul>\n<\/td>\n
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Might require personal guarantees<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
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Established investor referral program<\/li>\n<\/ul>\n<\/td>\n
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May not be a good option for new investors<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
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Rates & Terms<\/strong><\/p>\n
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Interest rate: <\/strong>Varies<\/li>\n
Loan-to-value ratio: <\/strong>92.5% of LTC, 75% ARV<\/li>\n
Term:<\/strong> 6 to 24 months<\/li>\n
Upfront fees:<\/strong> Varies<\/li>\n
Credit requirement: <\/strong>600\u00a0<\/li>\n
Maximum loan amount: <\/strong>Varies<\/li>\n
Prepayment penalty: <\/strong>None<\/li>\n
Property types: <\/strong>Townhouse, single-family, multiunit up to 4; not for owner-occupied properties<\/li>\n<\/ul>\n<\/div>\n
Why I chose Lima One Capital<\/h3>\n
This includes fix-and-flip loans, lines of credit, and bridge loans. These can be used for a wide variety of investment uses, such as rentals, new builds, multifamily properties, and short-term rentals. Plus, it gives investors a bunch of different loan terms and structures depending on their specific investment needs. With repayment terms up to 24 months, it\u2019s a great pick for experienced borrowers looking to finance and manage their projects quickly.<\/p>\n
Its qualifications are pretty flexible, but rates, terms, and conditions will all vary based on your creditworthiness, experience, and investment goals.<\/p>\n
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Product offerings (Source: Lima One Capital)<\/figcaption><\/figure>\n<\/div>\n
Additional features<\/h3>\n
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Case studies:<\/strong> Detailed case studies on the website illustrate the strategies, financial figures, challenges, and outcomes of real-world property investments.<\/li>\n
Podcast:<\/strong> A podcast covers various topics relevant to real estate investing and provides ongoing education and industry insights in an easily accessible audio format.<\/li>\n<\/ul>\n
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