Columbus Private Money Lenders for Real Estate Investors
Seeking a private money loan secured by real estate in the Columbus metro area? On this page you'll find a list of direct private money lending companies that offer fast funding for a Columbus 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. So you'll need a 30%+ down payment for a purchase, and for a refinance, the maximum loan-to-value is 70%.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.
Ohio Private Money Interest Rates
According to the private money loan documents software company, Lightning Docs, the average interest rate for Ohio private money loans in the 1st quarter of 2024 was 11.78%. The average loan amount was $205,571. These stats are the average of 94 short-term loans (including bridge, rehab, and ground-up construction) funded for investment properties in Ohio 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 Ohio private money loans in the 1st quarter of 2024 was 11.58%. Lenders charged an average of 2.2% points (origination fee). The average LTV (loan-to-value) for private money loans in Ohio was 61%, and the average loan amount was $154,940. 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 Ohio Private Lenders
According to Forecasaâ„¢, here are the Top 10 Private Lenders ranked by the number of private mortgage loans originated in Ohio in the last 12 months from March 2024.
- Kiavi
- RCN Capital LLC
- Constructive Loans LLC
- Wildcat Lending
- Lima One Capital LLC
- Upright
- ROC Capital
- Dominion Financial Services LLC
- MM Lending LLC
- Pic Fund I LLC (Rehabwallet)
Forecasaâ„¢ provides analytics data for Ohio private lending on a quarterly basis. You’ll find their top lenders data for many other states on our platform.