Michigan Hard Money Lenders

Warren, Michigan
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Michigan Hard Money Lenders

Imdad Rahman
Investor · Member since 2020 · 15 posts · 9 votes

I'm in search of the best hard money lender recommendations in Michigan. I've got a project in mind that requires some financing, and I'd love to hear about your experiences and any trustworthy lenders you've worked with in the state. Your insights and recommendations would be greatly appreciated! Thanks in advance.

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  • Ryan Davies
    Investor · Salt Lake City, UT · Member since 2019 · 339 posts · 126 votes
    2y

    We are happy to help you:

    Typically our lending partners programs are as follows:

    • Rates: 10% to 14% (Most Deals are 12%)
    • Terms: 1 Day - 24 Months (Most Deals are 6 months)
    • Fees: 2-5 points(%) of loan amount paid at closing (Most Deals are 3 points(%))
    • Minimum Loan Amount: $50,000 (For loans less than $200,000 we charge $2,000 up front before working the file)
    • Max Loan: 65-70% of After Repair Value(ARV)
    • 100% Rehab Financing Available (Most Deals require 20% of purchase price down payment or cross-collateral)
    • Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 10 business days)
    • We have private lending partners throughout the entire United States that cover the following states: AL, AZ, AR, CA, CO, CT, DE, FL, GA, HI, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, OH, OK, OR, PA, RI, TN, TX, UT, VT, VA, WA, WV, WI, WY.
    • NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.
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  • Michael SmytheBusiness Member
    Real Estate Agent · Metro Detroit · Member since 2023 · 4k+ posts · 3k+ votes
    2y

    We share a lot of resources like this with our clients:)

    Logical Property Management4.9455 Reviews
    WebsiteView Page
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  • Andrew Zamboroski
    Lender · Member since 2021 · 495 posts · 130 votes
    2y
    Quote from @Imdad Rahman:

    I'm in search of the best hard money lender recommendations in Michigan. I've got a project in mind that requires some financing, and I'd love to hear about your experiences and any trustworthy lenders you've worked with in the state. Your insights and recommendations would be greatly appreciated! Thanks in advance.

    We’re based in Michigan, happy to connect if you’re still looking for assistance!
    0Reply
  • Michael Lirones
    Real Estate Broker · MI · Member since 2016 · 71 posts · 7 votes
    2y

    Michigan Wholesalers, lets get it SOLD$! We’re a Michigan Real Estate Company & Wholesaler. Gold Realty offers a Flat Fee Listing Service for $499, 0% Listing Commission, get listed on the local MLS; connect with Realtors with qualified buyers & 150+ consumer sites to build your buyers list. We also connect you with a Title Company, who has facilitated double closings, assignments and more. 100% of Michigan. Call me TODAY! Mike Lirones, Broker, Gold Realty @ 269-332-8580; [email protected] ; MikeLirones.Realtor Available 24/7/365

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  • Jacob Sherman
    12 Penns Trail Suite 138 Newtown, PA 18940 · Member since 2023 · 1k+ posts · 319 votes
    2y

    Did you ever obtain funding for this one ? 

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  • Sophia Buesing
    Lender · Denver · Member since 2023 · 127 posts · 26 votes
    2y

    Hi Imdad! Would love to connect and see if we can help! 

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