Missouri Hard Money Lenders
Need a hard money loan secured by real estate in Missouri? This page has a list of direct hard money lenders that offer quick funding for a Missouri 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
Kiavi
Servicing 12,000+ Real Estate Investors Across the Country
HouseMax Funding
Hard Money Loans to Fund Your Next Big Project
ZINC Financial
Direct Lender for Real Estate Investors. Established in 2006.
Park Place Finance
Nationwide Direct Private Lender for Residential Real Estate Investors
Rain City Capital
Quick, Simple, Reliable Direct Lender for Real Estate Investors
Backflip
Fix and Flip Direct Lender with all-in-one platform providing comps, capital and community to help you scale
LendingOne
Rental, Fix & Flip, New Construction, Fix to Rent, SFR Portfolio Loans Nationwide
Conventus
We Fund Fast While Providing Excellent Service and Competitive Pricing
Minnow Loan
Your Deal. Our Money.
KECO Capital, LLC
Funding for Investors By Investors
American Heritage Lending
Direct Lender for Residential Real Estate Investors Nationwide
Malve Capital LLC
Fast And Easy Real Estate Loans. Closing as fast as 5 business days, subject to clear title.
Yieldi LLC
Direct, Reliable Lender for Investment Properties
Gelt Financial, LLC
Creative Private Financing for Commercial Real Estate since 1989
Old North Capital Fund, LLC
True asset-based financing | No credit check, No appraisals, No prepay
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
Residential Capital Partners
100% Financing for Residential Rehab Projects (NO Money Down)
Center Street Lending
Smarter Loans for Residential Investors
Missouri Hard Money Interest Rates
According to the hard money loan documents software company, Lightning Docs, the average interest rate for Missouri hard money loans in the 2nd quarter of 2024 was 11.72%. The average loan amount was $215,373. These stats are the average of 52 short-term loans (including bridge, rehab, and ground-up construction) funded for properties in Missouri between April 1, 2024 and June 30, 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 Missouri hard money loans in the 2nd quarter of 2024 was 10.88%. Lenders charged an average of 2.4% points (origination fee). The average LTV (loan-to-value) for hard money loans in Missouri was 61%, and the average loan amount was $200,170. These stats are the average of all the loans which were funded between April 1, 2024 and June 30, 2024 by the many hard money lenders who use Liquid Logics’ loan origination software to manage their lending operations.
Missouri Hard Money Insights from Minnow Loan
The real estate investment market in Missouri remains stable. However, like many other states today, it is facing some challenges that are affecting investment activity. According to Shelby Reed, CEO of Minnow Loan in Missouri, one of the biggest factors affecting real estate investment activity is the lack of inventory across the state, which has driven up property prices. “Our prices remain consistently stable, however, because of this lack of inventory right now, we are seeing that directly impact the prices on the buy side, the sales side, and as well as our rental market,” Reed explains.
Reed also states that although market prices remain higher than usual, investors are less interested in doing the usual fix and flip, rather they want to buy, hold and rent it out long term. “We have been able to successfully take some of those products and some of those borrowers and loans and convert their bridge or their fix and flip into a long-term DSCR product, which really gives that investor many, many options to build their portfolio,” she says.
According to Reed, real estate investors in the state of Missouri have a few different lending options for their projects. One option is the local bank, and another is to work with a hard money lender. Reed says, there are a handful of hard money lenders throughout the state, and many of them are nationwide lenders, unlike Minnow Loan, a Missouri local lender. Reed says, “what makes Minnow loan so different is that we are true local lenders here throughout the state of Missouri. What makes us unique is that we are loaning out from our own capital, so that allows us to have our own underwriting process that we do internally, and that therefore we can talk with the borrower and really understand what makes up this deal.”
Popular Markets in Missouri Investors to Consider
According to Minnow Loan, the housing market in Missouri is generally stable, with prices not experiencing severe fluctuations compared to states like Florida, Arizona, or California. However, major metropolitan areas such as St. Louis and Kansas City see higher levels of investment activity.
Minnow Loan is an asset-based direct lender focused on lending throughout Missouri – St. Louis, Jefferson City, Columbia, Kansas City, Springfield, etc. They offer various types of hard money loans: bridge loans, rehab, fix and flip, ground-up construction, and transactional (same-day close). They are not too concerned about credit scores and don’t require a formal appraisal for most deals.
Top 10 Missouri Hard Money Lenders
According to Forecasa™, here are the Top 10 Hard Money Lenders ranked by the number of loans originated in Missouri from June 2023 to May 2024.
- Kiavi
- Sherman Bridge
- RCN Capital LLC
- Arsenal Credit Union
- Longhorn Investments
- Three Doors Funding LLC
- Cherokee Investment Company
- Constructive Loans LLC
- ROC Capital
- Anchor Loans
Forecasa™ gives investors and lenders in the private real estate market powerful analytics and actionable insights. They help you skip the hassle of combing county records and focus on closing deals. With detailed market trends, investor and lender activities, and competitive benchmarking, you can make smart, strategic decisions. Some of their services include dynamic market reports, transaction-level details, customer analytics, borrower verification, and in-depth profiles of investors, lenders, and capital partners. You’ll find their top lenders data for many other states on our platform.
Select a Metro Area
Kansas City and St. Louis are the two main metropolitan areas in Missouri. The list of lenders for these two metros are the same as the entire state. We haven’t found that any lenders will consider one versus the other.
Funded Hard Money Loans in Missouri
Minnow Loan, a local Missouri direct lender, funded an $85,000 first-lien position hard money loan for the acquisition of a single-family rental home in Jefferson City, MO. We funded 85% of the $100,000 purchase price, while the Borrower contributed 15% cash at closing. This deal was for a new Borrower whose property was local to our home office, while the Borrower lived about 2 hours away. We assisted the Borrower in identifying the properties and their locations. Due to the Borrower’s strong credit score and history, we provided a loan for a package of four properties. This property is one of the four that the Borrower closed on the same day. We engaged a local title company and managed to fund and close within 3 business days. The Borrower has been excellent, and we look forward to working with them on future deals. They plan to refinance as an exit strategy. The property was in fair condition and tenant-occupied at closing. It is approximately 1,058 square feet. The interest rate was 12.5% and we charged 3% origination points. The loan term was set at 12 months. This hard money loan was funded in June 2024.
Minnow Loan, a hard money lender based in Missouri, funded a $896,615 1st lien position purchase and rehab loan for multifamily property in Chesterfield, MO. We funded 72% of the $646,615 purchase price, while the Borrower contributed 30% cash at closing. The renovation budget was $250,000. The after-repair value was estimated at $1,500,000 so our loan-to-after-repair value was 60%. This loan was funded for a repeat Borrower on a multifamily property that needed some light rehab in order to re-tenant and achieve the maximum rental rates. We worked under a tight funding deadline and hit all of our dates for the investor so he could close this deal. He had good credit and plans to refinance into a permanent loan as an exit strategy. The interest rate was 11.75% and we charged 2% origination points. The loan term was set at 18 months. This hard money loan was funded in December 2023.
