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Updated 5 months ago on . Most recent reply
Philadelphia 2024 - Top Hard Money Lenders
Top 25 "hard money" lenders (Philadelphia loans only) by volume.
1. I FUND CITIES
2. KIAVI
3. ROC360
4. CONSTRUCTIVE CAPITAL
5. DIRECT MORTGAGE LOAN COMPANY
6. ASSET BASED LENDING
Note: Hard money is defined as average loan size under $2M, average loan hold duration under 2 years, and not a bank.
Most Popular Reply
#3 Goals, Business Plans & Entities Contributor
- Attorney
- Philadelphia
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#3 Goals, Business Plans & Entities Contributor
- Attorney
- Philadelphia
Not here to provide an endorsement or be critical of the lenders on this list but volume is not by any means an indicator I would rely upon when selecting my banking relationships. It may prove they lend but that's about all this list confirms. Lending capacity should only matter to those with large borrowing needs and require large legal lending limits but that wouldn't apply to hard money lenders anyway. There are lenders out there spending a ton on advertising with an army of correspondent's funneling them loans and many can very well be one and done borrowers because the loan servicing/construction admin is lousy.