Michigan Private Money Lenders
Seeking a private money loan secured by real estate in Michigan? On this page you'll find a list of direct private money lending companies that offer fast funding for a Michigan property purchase, refinance, or equity cash out in 1st lien position. Private money loans are for short-term (3-24 months) and primarily qualify based on equity in the subject property, at least 30% for most lenders. Scroll below the lender list.Searching...
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Lima One Capital
The Nation's Premier Lender for Real Estate Investors
American Heritage Lending
Direct Lender for Residential Real Estate Investors Nationwide
Old North Capital Fund, LLC
True asset-based financing | No credit check, No appraisals, No prepay
Malve Capital LLC
Fast And Easy Real Estate Loans. Closing as fast as 5 business days, subject to clear title.
Yieldi LLC
Direct Lender for Investment Properties - Bridge, Rehab, Construction
Kiavi
Servicing 12,000+ Real Estate Investors Across the Country
Pimlico Capital
Direct Lender for Real Estate Investors | Established in 2016
Gelt Financial, LLC
Creative Private Financing for Commercial Real Estate since 1989
HouseMax Funding
Hard Money Loans to Fund Your Next Big Project
RCN Capital
Direct Lender for Residential Fix & Flip, Long-Term Rental, Bridge Loans
Arch Loans
Low and High Leverage Options, up to 90% of purchase price for fix & flip
LendingOne
Rental, Fix & Flip, Construction & Multifamily Bridge Loans Nationwide
Park Place Finance
Nationwide Direct Private Lender for Residential Real Estate Investors
Rehab Financial Group
100% Financing for Rehab, Flip and Construction Projects - NO DOWN PAYMENT!
Michigan Private Money Interest Rates
According to the private money loan documents software company, Lightning Docs, the average interest rate for Michigan private money loans in the 1st quarter of 2024 was 12.55%. The average loan amount was $257,449. These stats are the average of 68 short-term loans (including bridge, rehab, and ground-up construction) funded for investment properties in Michigan between January 1, 2024 and March 31, 2024 by multiple private lending companies 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 Michigan private money loans in the 1st quarter of 2024 was 11.85%. Lenders charged an average of 2.6% points (origination fee). The average LTV (loan-to-value) for private money loans in Michigan was 54%, and the average loan amount was $158,560. These stats are the average of all the loans which were funded between January 1, 2024 and March 31, 2024 by the many private lenders who use Liquid Logics’ loan origination software to manage their lending operations.
Top 10 Michigan Private Lenders
According to Forecasa™, here are the Top 10 Private Lenders ranked by the number of private mortgage loans originated in Michigan in the last 12 months from March 2024.
- Kiavi
- ROC Capital
- RCN Capital LLC
- Lima One Capital LLC
- Next Bridge Funding LLC
- Constructive Loans LLC
- Builder Circle
- F Street Investments
- LendingOne
- American Heritage Lending LLC
Forecasa™ provides analytics data for Michigan private lending on a quarterly basis. You’ll find their top lenders data for many other states on our platform.