Kansas Hard Money Lenders
Need a hard money loan secured by real estate in Kansas? This page has a list of direct hard money lenders that offer quick funding for a Kansas 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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Kansas Hard Money Interest Rates
According to the hard money loan documents software company, Lightning Docs, the average interest rate for Kansas hard money loans in the 1st quarter of 2024 was 11.30%. The average loan amount was $172,229. These stats are the average of 12 short-term loans (including bridge, rehab, and ground-up construction) funded for properties in Kansas 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 Kansas hard money loans in the 1st quarter of 2024 was 11.75%. Lenders charged an average of 2.1% points (origination fee). The average LTV (loan-to-value) for hard money loans in Kansas was 62%, and the average loan amount was $237,030. 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 Kansas Hard Money Lenders
According to Forecasa™, here are the Top 10 Hard Money Lenders ranked by the number of loans originated in Kansas in the last 12 months from March 2024.
- Falcon Financing
- Endeavor Capital LLC
- Ict Antioch LLC
- Kiavi
- Merchants Mortgage and Trust Corporation
- RCN Capital LLC
- Cherokee Investment Company
- Velocity Commercial Capital
- Toro Funding Group LLC
- Anchor Loans
Forecasa™ provides analytics data for Kansas 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 Kansas
Hard Money Loan for Owner-User Office Building Purchase in Overland Park, Kansas
$250,000
Gelt Financial, a direct CRE lender, funded a $250,000 1st lien position hard money loan for the acquisition of a single-tenant owner-user office building in Overland Park, Kansas. We funded 67% of the $375,000 purchase price, while the Borrower contributed 33% cash at closing. The Borrower approached Gelt Financial because they needed to finance the purchase of their new office space. The Borrower had average credit and had experience in real estate investing. The subject property is approximately 20,326 square feet and includes on-site parking. It was built in 1968 and was in good condition. The Borrower plans to eventually refinance as an exit strategy. The interest rate was 12% floating and we charged 3% origination points. The loan term was set at 24 months. This CRE hard money loan was funded in March 2023.