Hard money lender +5 units

Cleveland, Ohio
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Hard money lender +5 units

Maurice Smith
Member since 2018 · 211 posts · 164 votes

Found a good hard money lender but they don’t lend on anything above 4 units.


any recommendations for some good hard money that lend on 5+ units in the  Ohio area  or nation wide would be appreciated. 

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Connor Hibbs
Lender · Ellington, CT · Member since 2024 · 210 posts · 103 votes
1y

Hi @Maurice Smith,

Are you looking more so for Long-term loans for your 5+ or for rehabs? I've got a contact in mind who should be able to help with either scenario but with long-terms they have caps too.

Also, keep in mind that once the unit count gets to 5+ then they are considered commercial and require some different docs than a typical 1-4 unit.

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  • AJ ExnerPro Member
    Lender · Springfield, MO · Member since 2023 · 654 posts · 315 votes
    1y
    Quote from @Maurice Smith:

    Found a good hard money lender but they don’t lend on anything above 4 units.


    any recommendations for some good hard money that lend on 5+ units in the  Ohio area  or nation wide would be appreciated. 


    Maurice, 

    Most are going to specialize in 1-4 units (as I'm sure you've come across) and within the ones doing 5+, you'll have to keep an eye on minimum purchase price/loan amounts and even minimum price per unit.

    Do you have any experience doing 5+ unit rehab? That might help if you had.

    Just shot a DM, happy to help where I can.

    Thank you,

    [email protected]417-427-2612
    0Reply
  • Brandon Croucier
    Lender · Nashville, TN · Member since 2024 · 700 posts · 284 votes
    1y

    Are you looking to acquire or refinance?

    0Reply
  • Graham Lyster
    Laveen, AZ · Member since 2014 · 12 posts · 2 votes
    1y

    Hi Maurice Smith,

    I would love to help and see how we can work! I sent you a direct message.

    1Reply
  • Connor Hibbs
    Lender · Ellington, CT · Member since 2024 · 210 posts · 103 votes
    1y

    Hi @Maurice Smith,

    Are you looking more so for Long-term loans for your 5+ or for rehabs? I've got a contact in mind who should be able to help with either scenario but with long-terms they have caps too.

    Also, keep in mind that once the unit count gets to 5+ then they are considered commercial and require some different docs than a typical 1-4 unit.

    2Reply
  • Remington LymanBusiness Member
    Real Estate Agent · Columbus, OH · Member since 2017 · 6k+ posts · 7k+ votes
    1y
    Quote from @Maurice Smith:

    Found a good hard money lender but they don’t lend on anything above 4 units.


    any recommendations for some good hard money that lend on 5+ units in the  Ohio area  or nation wide would be appreciated. 

    I can send you a list of my hard money lenders. I believe a few do commercial lending

    [email protected]614-541-8475Podcast Guest on Show My Job Laid Me Off, So I Replaced My Salary with Rentals
    Reafco512 Reviews
    WebsiteView Page
    2Reply
  • Anderson S.Business Member
    Lender · Brooklyn, NY · Member since 2024 · 209 posts · 50 votes
    1y
    Quote from @Maurice Smith:

    Found a good hard money lender but they don’t lend on anything above 4 units.


    any recommendations for some good hard money that lend on 5+ units in the  Ohio area  or nation wide would be appreciated. 


    We at Brooklyn Funding Group can help! Feel free to DM me.

    [email protected]917-830-7144
    Brooklyn Funding Group59 Reviews
    WebsiteView Page
    1Reply
  • Givo Aghasi
    Lender · Los Angeles, CA · Member since 2022 · 238 posts · 73 votes
    1y

    @Maurice Smith I might be able to help. Lets connect! 

    1Reply
  • Mary Ainsworth
    Lender · San Diego, CA · Member since 2022 · 235 posts · 94 votes
    1y
    Quote from @Maurice Smith:

    Found a good hard money lender but they don’t lend on anything above 4 units.


    any recommendations for some good hard money that lend on 5+ units in the  Ohio area  or nation wide would be appreciated. 


    Hey Maurice, we lend on properties up to 20 units! Both renovation loans and also buy and hold long term loans. Especially in Ohio you'd do quite well with a DSCR loans as rent to price ratio is strong there. You'd be around

    - 70-80% of purchase funded

    - 0 points for your first deal 

    - 6.00-8.00% rate depending on the deal numbers 

    1Reply
  • Judah Zuckerman
    Member since 2025 · 56 posts · 4 votes
    1y

    We are direct lenders specializing in

    • Small Balance Bridge loans $1-$10 MM
    • Single-Family Rental (SFR) and Small Multifamily (1-4 units & 5-9)

    I would love to help and see how we can work together

    1Reply
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