Looking for Hard Money + Refinance Lenders for Philadelphia Foreclosure Deals

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Looking for Hard Money + Refinance Lenders for Philadelphia Foreclosure Deals

Ferdia Kenny
Member since 2026 · 20 posts · 16 votes

Hello,

I’m looking to connect with lenders who are comfortable financing foreclosure purchases in Philadelphia, specifically around Fishtown and nearby 19125.

My strategy is to target conventional 2 to 3 bedroom rowhomes that can be purchased below market value, make a light rehab of roughly $10k to $20k, then refinance into longer-term financing and hold as a rental.

I’m especially interested in lenders who can help with:

  • Sheriff sale / foreclosure acquisitions
  • Fast closings
  • High LTC financing
  • Light rehab funding
  • DSCR or rental refinance after renovation
  • Short seasoning periods, ideally 0 to 90 days
  • Refinance based on current appraised value rather than just purchase price

Example of the type of deal I’m targeting:

Purchase: $150k to $200k
Repairs: $10k to $20k
Estimated stabilized value: $275k to $350k
Location: Fishtown / 19125 Philadelphia
Exit: Refinance, pay off bridge lender, hold as rental

I currently own two rental properties in Philadelphia and am looking to build relationships with lenders for multiple future acquisitions, not just one transaction.

If this fits your lending criteria, please message me with your typical rates, points, LTC/LTV limits, seasoning requirements, minimum loan size, and refinance options.

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Most Popular Reply

Joseph ScoreseBusiness Member
Banker · Philadelphia · Member since 2009 · 2k+ posts · 629 votes
1w

Hi Ferdia,

Your strategy is directly in our wheelhouse. I’m a Nationwide Direct Private Lender with Built Lending, and we work extensively with real estate investors on acquisition, rehab, BRRRR/Fix-to-Rent, and DSCR financing.

For the type of Philadelphia opportunities you described, we can potentially provide a bridge/fix-to-rent structure for the acquisition and light rehab, followed by a DSCR refinance into long-term financing once the property is stabilized.

A few areas that align well with your strategy:

  • Fast acquisition financing for investment properties

  • High-leverage purchase + rehab structures, subject to experience and underwriting

  • Light rehab financing

  • Fix-to-Rent / BRRRR programs

  • 30-year fixed DSCR refinance options

  • Cash-out refinance after 91 days of ownership

  • Delayed financing options for qualifying cash acquisitions

  • Refinance leverage potentially based on the current appraised value, subject to seasoning, DSCR, and program guidelines

With purchase prices of $150K–$200K, rehab of $10K–$20K, and projected stabilized values of $275K–$350K, these are absolutely transactions I’d be interested in reviewing.

Since you already own two Philadelphia rentals and are looking to establish a relationship for multiple acquisitions, I’d be happy to discuss the overall strategy rather than looking at this as just a one-off loan.

Feel free to send me your next property or deal scenario, and I can walk you through the financing structure, leverage, pricing, seasoning, and DSCR exit before you commit to the acquisition.

Joseph V. Scorese
Senior VP, Business Development | Built Lending
Nationwide Direct Private Lender
DSCR | Fix-to-Rent | Fix & Flip | Ground-Up Construction

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  • Roi Swirczynski
    Wholesaler · Houston, TX · Member since 2026 · 6 posts · 0 votes
    1w

    READY TO GROW YOUR BUSINESS PURPOSE PIPELINE?

    We're a direct commercial wholesale lender and not a retail broker, this distinction matters in today's mortgage market. The B2B mortgage industry has changed in dramatic ways, and the old dynamics will never return. For example, EQUITY-BASED LENDING is NOT the same as CREDIT-BASED LENDING. And understanding the difference matters with shopping your files, scenario discussions, and most importantly commissions, rate & fee quotes, including appraisal orders/transfers.

    0Reply
  • Joseph ScoreseBusiness Member
    Banker · Philadelphia · Member since 2009 · 2k+ posts · 629 votes
    1w

    Hi Ferdia,

    Your strategy is directly in our wheelhouse. I’m a Nationwide Direct Private Lender with Built Lending, and we work extensively with real estate investors on acquisition, rehab, BRRRR/Fix-to-Rent, and DSCR financing.

    For the type of Philadelphia opportunities you described, we can potentially provide a bridge/fix-to-rent structure for the acquisition and light rehab, followed by a DSCR refinance into long-term financing once the property is stabilized.

    A few areas that align well with your strategy:

    • Fast acquisition financing for investment properties

    • High-leverage purchase + rehab structures, subject to experience and underwriting

    • Light rehab financing

    • Fix-to-Rent / BRRRR programs

    • 30-year fixed DSCR refinance options

    • Cash-out refinance after 91 days of ownership

    • Delayed financing options for qualifying cash acquisitions

    • Refinance leverage potentially based on the current appraised value, subject to seasoning, DSCR, and program guidelines

    With purchase prices of $150K–$200K, rehab of $10K–$20K, and projected stabilized values of $275K–$350K, these are absolutely transactions I’d be interested in reviewing.

    Since you already own two Philadelphia rentals and are looking to establish a relationship for multiple acquisitions, I’d be happy to discuss the overall strategy rather than looking at this as just a one-off loan.

    Feel free to send me your next property or deal scenario, and I can walk you through the financing structure, leverage, pricing, seasoning, and DSCR exit before you commit to the acquisition.

    Joseph V. Scorese
    Senior VP, Business Development | Built Lending
    Nationwide Direct Private Lender
    DSCR | Fix-to-Rent | Fix & Flip | Ground-Up Construction

    1Reply
  • Lee Burns
    Investor · Chicago, IL · Member since 2018 · 304 posts · 148 votes
    1w

    Hey Ferdia, I like these models - you'll crush it if you have the grit to stick it out and play it smart! I'm working on a similar model in my area by joint venturing with a friend where we are the operators. I've lent on a few deals to operators doing what you're doing and I'd love to hop on a call some time for an intro. I'll send you a connection request on BP

    0Reply
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