New Mexico Private Money Lenders
Seeking a private money loan secured by real estate in New Mexico? On this page you'll find a list of direct private money lending companies that offer fast funding for a New Mexico 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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New Mexico Private Money Interest Rates
According to the private money loan documents software company, Lightning Docs, the average interest rate for New Mexico private money loans in the 2nd quarter of 2024 was 11.01%. The average loan amount was $311,155. These stats are the average of 21 short-term loans (including bridge, rehab, and ground-up construction) funded for investment properties in New Mexico between April 1, 2024 and June 30, 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 New Mexico private money loans in the 2nd quarter of 2024 was 11.30%. Lenders charged an average of 2.5% points (origination fee). The average LTV (loan-to-value) for private money loans in New Mexico was 59%, and the average loan amount was $274,670. These stats are the average of all the loans which were funded between April 1, 2024 and June 30, 2024 by the many private lenders who use Liquid Logics’ loan origination software to manage their lending operations.
Top 10 New Mexico Private Lenders
According to Forecasaâ„¢, here are the Top 10 Private Lenders ranked by the number of private mortgage loans originated in New Mexico from June 2023 to May 2024.
- Oaktree Funding Corporation
- ROC Capital
- American Heritage Lending LLC
- Visio Lending
- Ventana Fund
- LendingOne
- RCN Capital LLC
- Dominion Financial Services LLC
- Velocity Commercial Capital
- Ron Swanson Holdings LLC
Forecasaâ„¢ 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.