Pennsylvania Hard Money Lenders
Need a hard money loan secured by real estate in Pennsylvania? This page has a list of direct hard money lenders that offer quick funding for a PA property purchase, refinance, fix & flip, rehab & rent, ground-up construction, and equity cash out in 1st lien position. Hard Money lending is mainly based on equity in the subject property. The maximum LTV is typically 70% for most lenders.Searching...
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Nationwide Mortgage
Outstanding Service for Investment Property Bridge, Rehab, Rental, and Construction Loans
Pennsylvania Hard Money Interest Rates
According to the hard money loan documents software company, Lightning Docs, the average interest rate for Pennsylvania hard money loans in the 1st quarter of 2024 was 11.80%. The average loan amount was $253,267. These stats are the average of 90 short-term loans (including bridge, rehab, and ground-up construction) funded for properties in Pennsylvania between January 1, 2024 and March 31, 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 Pennsylvania hard money loans in the 1st quarter of 2024 was 10.97%. Lenders charged an average of 2.4% points (origination fee). The average LTV (loan-to-value) for hard money loans in Pennsylvania was 63%, and the average loan amount was $317,650. These stats are the average of all the loans which were funded between January 1, 2024 and March 31, 2024 by the many hard money lenders who use Liquid Logics’ loan origination software to manage their lending operations.
Top 10 Pennsylvania Hard Money Lenders
According to Forecasaâ„¢, here are the Top 10 Hard Money Lenders ranked by the number of loans originated in Pennsylvania in the last 12 months from March 2024.
- RCN Capital LLC
- Kiavi
- Constructive Loans LLC
- ROC Capital
- Prime Funding Group LLC
- Lending Capital Group Inc
- Lima One Capital LLC
- I Fund Cities
- Velocity Commercial Capital
- MM RE Holdings LLC
Forecasaâ„¢ provides analytics data for Pennsylvania hard money lending on a quarterly basis. You’ll find their top lenders data for many other states on our platform.