Louisiana Hard Money Lenders for Real Estate Investors
Need a hard money loan secured by real estate in Louisiana? This page has a list of direct hard money lenders that offer quick funding for a Louisiana 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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Malve Capital LLC
Fast And Easy Real Estate Loans. Closing as fast as 5 business days, subject to clear title.
RBI Private Lending
Direct lender, specialized in Bridge, Fix and Flip and Construction. FN and new investors welcome.
Louisiana Hard Money Interest Rates
According to the hard money loan documents software company, Lightning Docs, the average interest rate for Louisiana hard money loans in the 4th quarter of 2023 was 11.60%. The average loan amount was $328,451. These stats are the average of 23 short-term loans (including bridge, rehab, and ground-up construction) funded for properties in Louisiana between October 1, 2023 and December 31, 2023 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 Louisiana hard money loans in the 4th quarter of 2023 was 11.06%. Lenders charged an average of 3.1% points (origination fee). The average LTV (loan-to-value) for private money loans in Louisiana was 61%, and the average loan amount was $203,480. These stats are the average of all the loans which were funded between October 1, 2023 and December 31, 2023 by the many private lenders who use Liquid Logics’ loan origination software to manage their lending operations.
Funded Hard Money Loans in Louisiana
Hard Money Refinance & Rehab for SFR in New Orleans, Louisiana
$629,300
Park Place Finance, a direct private real estate lender, funded a $629,300 1st lien position rate & term plus rehab loan secured by a gorgeous Center Hall single-family home in New Orleans, LA. We funded 70% of the $899,000 current value and 100% of the $150,000 renovation budget, while the Borrower came to the closing table with no cash. The after-repair value was estimated at $1,175,000, so our loan-to-after-repair value was 66.32%. We paid off a previous loan balance of $606,000. The Borrower will be restoring the historic building to its former beauty using the rehab budget provided without making any structural changes and keeping all original architecture intact. The subject property is approximately 3,700 square feet set in a 4,959-square-foot lot. The Borrower is an experienced investor who runs their own construction company out of New Orleans. The exit strategy is to either flip and sell the property once restored or to hold it as an STR (short-term rental). The interest was 11.99% and we charged 1.75% origination. The loan terms were our standard 12-month term loan with interest-only payments and no prepayment. This SFR hard money loan was funded in October 2023.