When it comes to real estate investment, funding is arguably one of the most significant aspects that determine success in this very competitive business. Although there are many types of financing available through conventional sources, it can be challenging for most investors to secure the funds they require from these sources due to a variety of strict conditions that are put in place. This is where hard money lenders are beneficial as they provide fast flexible asset-based financing that is ideal for investors looking forward to closing a deal. There are many hard money lenders in the USA but in this article, we will look at the most popular 5, which are most reputable, experienced and diverse. Whether you’re a wholesaler, a landlord, or require bridge financing, these lenders should be able to meet your funding needs.
1. BridgeWell Capital
When it comes to hard money lending in the United States, BridgeWell Capital is a standout name, known for its customer-focused approach and nationwide service. Based in Orlando, Florida, BridgeWell Capital offers flexible and fast financing solutions tailored to real estate investors, particularly those who need quick approval without the hassle of traditional bank loans. Whether you’re searching for funding across various regions, including BridgeWell Capital Columbia, or working with their main entity, BridgeWell Capital, LLC, this lender provides dependable solutions.
Why BridgeWell Capital?
BridgeWell Capital stands out for several reasons. First, their funding process is incredibly streamlined. Investors can secure pre-approval in as little as 5 minutes, with loan disbursement taking just a matter of days. This fast processing time is a significant advantage for investors who need to act quickly in competitive markets. Unlike traditional lenders, BridgeWell Capital doesn’t focus on credit scores but instead uses the value of the property as collateral. This makes it ideal for investors who might not qualify for conventional loans due to poor credit or inconsistent income streams. For those seeking financing in Georgia, BridgeWell Capital is also recognized among hard money lenders Atlanta investors turn to for quick, reliable funding.
Their loan programs are tailored to various real estate ventures, including fix-and-flip, rental property investments, and even new construction. Moreover, BridgeWell Capital prides itself on transparency. There are no hidden fees, and their team works closely with investors throughout the lending process to ensure a seamless experience. Whether you’re a seasoned real estate investor or new to the game, BridgeWell Capital offers one of the most comprehensive and accessible hard money lending options in the USA.
2. Kiavi (formerly LendingHome)
Kiavi has established itself as a top player in the hard money lending industry, offering fast and reliable capital to real estate investors across the nation. As one of the largest hard money lenders in the U.S., LendingHome boasts an impressive record of funding billions in loans since its inception. They specialize in residential real estate investment, providing financing for fix-and-flip projects and rental property investments.
Kiavi ’s online platform simplifies the application process, allowing investors to receive pre-approval in minutes and funding in as little as 10 days. Their flexible loan terms and competitive interest rates make them an attractive option for investors looking to minimize costs while maximizing returns. Additionally, LendingHome offers dedicated support from knowledgeable advisors, helping clients navigate the complexities of hard money lending with ease.
What sets Kiavi apart is their use of technology. Their platform allows for faster underwriting, real-time tracking of loan progress, and automated loan servicing, giving investors a more seamless and transparent experience.
3. Lima One Capital
Based in Greenville, South Carolina, Lima One Capital is a highly respected hard money lender offering nationwide services. Known for their exceptional customer service and investor-friendly terms, Lima One Capital caters to real estate professionals looking for fast and reliable capital. They offer a wide range of financing solutions, including fix-and-flip loans, rental property loans, and even multifamily bridge loans.
Lima One Capital stands out for its dedication to educating its clients. They host webinars and provide resources that help investors understand the intricacies of real estate financing, making them a great option for both new and experienced investors. They also offer attractive loan terms, including up to 90% loan-to-cost and 70% after-repair-value (ARV) financing for fix-and-flip projects. This level of flexibility ensures that investors can secure the capital needed for projects without having to jump through the hoops that traditional lenders require.
Lima One Capital is also known for its fast approval process, with some loans being approved in as little as 24 hours. Their investor-centric approach and broad array of loan products make them a go-to hard money lender for real estate professionals.
4. CoreVest
CoreVest is a leading hard money lender focused on providing financing for residential real estate investors. Specializing in rental and bridge loans, CoreVest has funded over $14 billion in loans, helping investors scale their real estate portfolios quickly. Based in Irvine, California, CoreVest offers nationwide coverage and prides itself on being a reliable partner for both small and large real estate investors.
CoreVest is particularly well-known for their rental portfolio loans, which allow investors to finance multiple properties under one loan. This is a major advantage for investors who are looking to scale their business without dealing with the complexities of multiple loans. Their loan terms are designed to suit long-term investors, with terms that go up to 30 years, and their loan-to-value (LTV) ratio can be as high as 80%.
What makes CoreVest unique is its ability to handle large-scale portfolios, making it an excellent choice for experienced investors. They offer both single-property loans and loans for entire rental portfolios, making them a versatile option for a variety of real estate strategies.
5. Anchor Loans
Founded in 1998, Anchor Loans has a long history of providing hard money loans to real estate investors across the USA. Based in Calabasas, California, they are known for their reliability, having funded over $10 billion in loans since their inception. Anchor Loans specializes in short-term financing for fix-and-flip projects, rental properties, and new construction loans.
Anchor Loans stands out due to their high level of customer service and their commitment to quick funding. Investors can receive loan approval in as little as 24 hours, and funding can occur within days, making them one of the fastest hard money lenders in the country. Their loan terms are flexible, with LTV ratios up to 85% and no prepayment penalties, making them a great option for investors who need flexible, short-term financing.
Anchor Loans also places a strong emphasis on risk management and due diligence, ensuring that investors receive the guidance they need to make informed decisions. Their experienced team works closely with clients to tailor loan terms to each individual project, making them a trusted partner for real estate investors looking to grow their portfolios quickly.
Conclusion
Hiring the right hard money lender is one of the most important things in a real estate venture, particularly when it comes to emerging markets that demand quick action. The lenders included in this list have been demonstrated as reputable in the financing of US real estate investment opportunities swiftly while allowing leniency in specific funding situations. However you are involved in house flipping, real estate investing, constructing rental properties, or developing new real estate assets, these five best hard money lenders, including BridgeWell Capital, have the perfect financing solutions for you.
From rapid credit decisions and favorable interest rates to cutting-edge technology solutions and progressive investor-oriented strategies, these lending companies are exceptional as they help real estate investors gain their objectives. To make the right decision when selecting a hard money lender, one should consider their investment requirements, the project duration and the available terms that a particular lender offers.
