Delaware Hard Money Lenders
Need a hard money loan secured by real estate in Delaware? This page has a list of direct hard money lenders that offer quick funding for a Delaware 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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Nationwide Mortgage
Outstanding Service for Investment Property Bridge, Rehab, Rental, and Construction Loans
Real Property Investment Partners
NO APPRAISAL REQUIRED. Providing institutional-grade lending with a local presence.
Delaware Hard Money Stats
According to the hard money loan documents software company, Lightning Docs, the average interest rate for Delaware hard money loans in the 1st quarter of 2024 was 10.92%. The average loan amount was $209,083. These stats are the average of 8 short-term loans (including bridge, rehab, and ground-up construction) funded for properties in Delaware 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 Delaware hard money loans in the 1st quarter of 2024 was 8.12%. Lenders charged an average of 2.8% points (origination fee). The average LTV (loan-to-value) for hard money loans in Delaware was 58%, and the average loan amount was $149,100. 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 Delaware Hard Money Lenders
According to Forecasaâ„¢, here are the Top 10 Hard Money Lenders ranked by the number of loans originated in Delaware in the last 12 months from March 2024.
- RCN Capital LLC
- Constructive Loans LLC
- Dominion Financial Services LLC
- ROC Capital
- Lima One Capital LLC
- Oaktree Funding Corporation
- Anchor Loans
- Certain Lending Inc (Vontive)
- LendingOne
- Rrr Group INC
Forecasaâ„¢ provides analytics data for Delaware hard money lending on a quarterly basis. You’ll find their top lenders data for many other states on our platform.
Funded Hard Money Loans in Delaware
Hard Money Loan for Commercial Strip Center in Millsboro, Delaware
$1,000,000
Equity Lending, Inc., a direct lender for the DMV region, funded a $1,000,000 1st lien position hard money loan for the acquisition of a commercial strip center and 2 pad sites in Millsboro, Delaware. The retail center is located in front of a larger Harris Teeter anchored shopping center which provided a significant amount of traffic and interest to the location. It was partially leased and produced about $9,500/mo in gross rents with potential for significantly more. In addition to a first deed of trust on the small strip center, the Borrower also included a 1-acre commercial lot that was owned free and clear, as additional collateral. Our underwriting showed the loan-to-value to be about 60%. During the term of the loan, the Borrower was able to complete the lease-up, lower operating expenses to further improve cash flow, and obtain traditional bank financing based on the new and improved financials. The interest rate was 12% and we charged 4% origination points. The loan term was set at 12 months. This CRE hard money loan was funded in June 2016.