If you’re looking to finance commercial spaces, it’s best to look at Patch of Land or Finance of America Commercial, which both issue hard money loans for residential and commercial real estate. Visit their website and fill out their prequalification quiz, which just takes a few minutes.
A loan rep will then call you to discuss your project in further detail.
Lending Home’s terms include: Hard money lenders, including Lending Home, focus more on the property itself than the borrower.
However, they do usually have a minimum FICO score they require and want to see past real estate experience or that you’re working with a licensed contractor.
Their qualifications include: To help its borrowers, Lending Home has a dedicated customer service team along with a representative assigned to your loan application.
Lending Home issues hard money loans with interest rates that range from 7.5% to 12%.
This means that Lending Home has some of the lowest rates on our list of top hard money lenders, similar to the rates offered by Visio Lending.
Hard money lenders offer short-term loans to purchase and renovate properties. S., it’s hard to find a reputable lender that’s right for you.