Philadelphia Hard Money Lenders for Real Estate Investors
Need a hard money loan secured by real estate in the Philadelphia metro area? This page has a list of direct hard money lenders that offer quick funding for a Philadelphia 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.Searching...
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Rehab Financial Group
100% Financing for Rehab, Flip and Construction Projects - NO DOWN PAYMENT! NO INCOME VERIFICATION!
Backflip
Fix and Flip Direct Lender with all-in-one platform providing comps, capital and community to help you scale
Malve Capital LLC
Fast And Easy Real Estate Loans. Closing as fast as 5 business days, subject to clear title.
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 from July 2024 to September 2024.
- Kiavi
- Constructive Loans LLC
- RCN Capital LLC
- ROC Capital
- Lending Capital Group Inc
- I Fund Cities
- Cv3 Financial Services LLC
- Nextres LLC (Lendingbase)
- Mauch Chunk Trust Company
- Velocity Commercial Capital
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.