Wisconsin Hard Money Lenders
Need a hard money loan secured by real estate in Wisconsin? This page has a list of direct hard money lenders that offer quick funding for a Wisconsin property purchase, refinance, fix & flip, rehab & rent, ground-up construction, and equity cash out in 1st lien position. Hard Money lending is only for investment properties, not for homesteads. The loans are mainly based on equity in the subject property. For most lenders, the maximum LTV is typically 70% for a purchase and 65% for an equity cash out loan. Scroll to see the list of lenders.Searching...
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Lima One Capital
The Nation's Premier Lender for Real Estate Investors
Good Faith Funding
Family-owned Direct Lender Based in Wisconsin for Residential Real Estate Investors
i Fund Cities
Great F#*%ing Loans, Built By Investors For Investors
Gelt Financial, LLC
Creative Private Financing for Commercial Real Estate since 1989
Yieldi LLC
Direct Lender for Investment Properties - Bridge, Rehab, Construction
American Heritage Lending
Direct Lender for Residential Real Estate Investors Nationwide
Pimlico Capital
Direct Lender for Real Estate Investors | Established in 2016
RCN Capital
Direct Lender for Residential Fix & Flip, Long-Term Rental, Bridge Loans
Kiavi
Servicing 12,000+ Real Estate Investors Across the Country
Park Place Finance
Nationwide Direct Private Lender for Residential Real Estate Investors
HouseMax Funding
Hard Money Loans to Fund Your Next Big Project
LendingOne
Rental, Fix & Flip, Construction & Multifamily Bridge Loans Nationwide
Wisconsin Hard Money Interest Rates
According to the hard money loan documents software company, Lightning Docs, the average interest rate for Wisconsin hard money loans in the 1st quarter of 2024 was 11.21%. The average loan amount was $183,981. These stats are the average of 17 short-term loans (including bridge, rehab, and ground-up construction) funded for properties in Wisconsin between January 1, 2024 and March 31, 2024 by multiple hard money lenders that use Lightning Docs as their preferred software provider to prepare loan documents.
According to private lending data provider, Analytics Logics, the average interest rate for Wisconsin hard money loans in the 1st quarter of 2024 was 11.00%. Lenders charged an average of 2.4% points (origination fee). The average LTV (loan-to-value) for hard money loans in Wisconsin was 63%, and the average loan amount was $161,210. These stats are the average of all the loans which were funded between January 1, 2024 and March 31, 2024 by the many hard money lenders who use Liquid Logics’ loan origination software to manage their lending operations.
Top 10 Wisconsin Hard Money Lenders
According to Forecasa™, here are the Top 10 Hard Money Lenders ranked by the number of loans originated in Wisconsin in the last 12 months from March 2024.
- Mach1 Lending LLC
- Endeavor Capital LLC
- F Street Investments
- Good Faith Funding Group LLC
- RCN Capital LLC
- Arc Capital Group LLC
- Kiavi
- Lima One Capital LLC
- Orion Holdings LLC
- Provident Trust Group
Forecasa™ provides analytics data for Wisconsin hard money lending on a quarterly basis. You’ll find their top lenders data for many other states on our platform.
Insights from a Local Wisconsin Hard Money Lender
Due to the lack of supply, Wisconsin has seen an unlikely 20%-plus year-over-year appreciation for the last couple years, and is likely to appreciate again this year, according to Good Faith Funding, a hard money lender based in DePere, Wisconsin.
Senior Loan Officer & Fund Manager at Good Faith Funding, Tony Broullire states that property owners are less likely to sell due to the interest rates dropping to two and half percent during the pandemic. Instead they are using this time to invest in more properties to build a stronger portfolio. “We’re seeing the same issues, really, around the country where there is a very limited supply, just like everyone else. People have started to re-adjust to the rates. So we’re really starting to see business come back, pretty quickly,” he says.
Popular Markets for Wisconsin Real Estate Investors to Consider
Wisconsin has a strong market with the southern half of the state often outpacing the northern half, just based on population and probably migratory moving.
The strongest markets in Wisconsin are Milwaukee and Madison (mainly due to population). Secondary strong markets are Green Bay/Appleton, La Crosse, and Eau Claire.
Tony Broullire states that all markets are seeing growth and are very desirable. Most recently, the 30 minute stretch between the Green Bay and Appleton area, called Fox Valley, has become popular. “These two areas are starting to connect where people are migrating and moving in between them,” he says.
Good Faith Funding, LLC is a direct hard money lender for residential real estate investors throughout the state of Wisconsin. They specialize in funding rehab projects with 100% financing (no money down). They also offer bridge loans up to 65% loan-to-value to purchase or refinance rental properties. They don’t require appraisals and don’t charge prepayment penalties. View their profile to learn more and to find their contact information.
Funded Hard Money Loans in Wisconsin
Precision Capital, a direct private lender, provided a $375,000 bridge loan to secure the acquisition of a duplex in suburban Madison, WI. Precision Capital funded 75% of the $500,000 purchase price in 1st lien position, while the Borrower contributed 25% using equity in another property. We frequently accept cross collateral instead of cash down payments, so long as the crossed property has lots of equity. The subject property was approximately 2,468 set in a 4,356-square-foot lot. It was in good condition and tenant-occupied at closing. The Borrower had good credit. They plan to continue rental and eventually refinance as an exit strategy. The interest rate was 11.99% and the loan term was set at 24 months. We charged 3% origination points. This hard money loan was funded in November 2022.