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 1st quarter of 2024 was 11.95%. The average loan amount was $272,533. These stats are the average of 11 short-term loans (including bridge, rehab, and ground-up construction) funded for investment properties in New Mexico 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 New Mexico private money loans in the 1st quarter of 2024 was 11.33%. Lenders charged an average of 2.5% points (origination fee). The average LTV (loan-to-value) for private money loans in New Mexico was 56%, and the average loan amount was $285,250. 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 New Mexico Private Lenders
According to Forecasa™, here are the Top 10 Private Lenders ranked by the number of private mortgage loans originated in New Mexico in the last 12 months from March 2024.
- Meadowlark Prop Group LLC
- Ventana Fund
- Hermano Y Hermana LLC
- Oaktree Funding Corporation
- American Heritage Lending LLC
- LendingOne
- Premier Inv LLC
- Rio Grande Realty & Inv LLC
- Velocity Commercial Capital
- Visio Lending
Forecasa™ provides analytics data for New Mexico private lending on a quarterly basis. You’ll find their top lenders data for many other states on our platform.