Washington DC Hard Money Lenders
Need a hard money loan secured by real estate in Washington DC? This page has a list of direct hard money lenders that offer quick funding for a Washington DC 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. Scroll to see the list of lenders.Searching...
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RCN Capital
Direct Lender for Residential Fix & Flip, Long-Term Rental, Bridge Loans
Conventus
We Fund Fast While Providing Excellent Service and Competitive Pricing
HouseMax Funding
Hard Money Loans to Fund Your Next Big Project
i Fund Cities
Great F#*%ing Loans, Built By Investors For Investors
Clear Sky Financial
True Asset Based Lender for Property Investors in DC, MD and VA
Real Property Investment Partners
NO APPRAISAL REQUIRED. Providing institutional-grade lending with a local presence.
Stormfield Capital, LLC
Direct Balance-Sheet Lender for Investment Properties
Kiavi
Servicing 12,000+ Real Estate Investors Across the Country
Lima One Capital
The Nation's Premier Lender for Real Estate Investors
Gelt Financial, LLC
Creative Private Financing for Commercial Real Estate since 1989
Nationwide Mortgage
Outstanding Service for Investment Property Bridge, Rehab, Rental, and Construction Loans
LendingOne
Rental, Fix & Flip, Construction & Multifamily Bridge Loans Nationwide
Yieldi LLC
Direct Lender for Investment Properties - Bridge, Rehab, Construction
Center Street Lending
Smarter Loans for Residential Property Investors
American Heritage Lending
Direct Lender for Residential Real Estate Investors Nationwide
Park Place Finance
Nationwide Direct Private Lender for Residential Real Estate Investors
Pimlico Capital
Direct Lender for Real Estate Investors | Established in 2016
Washington DC Hard Money Stats
According to private lending data provider, Analytics Logics, the average interest rate for Washington DC hard money loans in the 1st quarter of 2024 was 11.56%. The average LTV (loan-to-value) for hard money money loans in Washington DC was 71%, and the average loan amount was $1,260,000. 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 Washington DC Hard Money Lenders
According to Forecasa™, here are the Top 10 Hard Money Lenders ranked by the number of loans originated in Washington DC in the last 12 months from March 2024.
- Washington Capital Partners
- Kiavi
- Congressional Capital LLC
- Temple View Capital
- Spring Garden Lending Group LLC
- Church Street Capital LLC
- Dashco Inc.
- Clear Sky Financial LLC
- Housemax Funding LLC
- Commercial Lending LLC
Forecasa™ provides analytics data for Washington DC hard money lending on a quarterly basis. You’ll find their top lenders data for many other states on our platform.
Funded Hard Money Loans in Washington DC
Equity Lending, Inc., a direct lender for the DMV region, provided a $345,000 1st lien position hard money loan for the acquisition of a single-family home in the Kingman Park neighborhood of Washington DC. We funded 100% of the $305,000 purchase price. The subject property is a well-located two-bedroom and two-bathroom residential townhouse. It had been partially renovated pursuant to an agreement with the owner to take possession before closing and begin the renovations. At the time of closing, the project was about 75% complete with remaining construction costs of about $125,000. Essentially, the loan-to-value was about 80%, but much of the construction risk was eliminated due to the hardest aspects of construction already being completed. The Borrower had a clear plan in place, including a general contractor and approved permits. He was able to complete the renovation within budget and sell the townhouse for a nice profit. The interest rate was 11% and we charged 3% origination points. The loan term was set at 12 months. This hard money loan was funded in October 2016.
