Best Private Money Lenders for Flipping Houses: Top Options and Comparisons
To start, if you’re looking for the best private money lenders to help you with flipping houses, look no further. Based on extensive search results, these lenders have been identified as the top choices in the industry.
Flip Funding
Flip Funding is a standout option, offering flexible terms and accommodating borrowers with lower credit scores. Furthermore, they are considered one of the best overall hard money lenders for fix-and-flip investors.
Key Advantages Include:
Low minimum credit score of 600
Loan amounts up to $10 million
Loan terms up to 36 months (longest listed)
10-day funding speed
Lends to foreign nationals and first-time investors
Source: business.org
Kiavi
Kiavi is another trusted lender known for their competitive rates and quick funding speeds. In fact, they are rated best overall for rates, customer service, and easy approval process.
Key Details:
Starting interest rates from 9.25%
Loan amounts from $100,000 to $2.5 million
24-month maximum loan term
Minimum credit score of 660
10-day funding speed
Source: FitSmallBusiness.com
HouseMax Funding
Other Key Points:
Interest rates from 7-14%
Loan amounts generally up to $9 million
6-24 month loan terms
Minimum credit score of 680
Source: FitSmallBusiness.com
AMZA Capital
AMZA Capital also stands out with their excellent customer service and personalized approach to lending. In addition, they are a good option for larger loans and flipping multiple properties quickly
Key Points:
Interest rates from 9-13%
Loan amounts from $50,000 to $50 million
24-month maximum loan term
Minimum credit score of 650
14-day funding speed
Source: FitSmallBusiness.com
The Best Private Money Lenders for Flipping Houses | Conclusion
In conclusion, the search results provide detailed comparisons of rates, loan amounts, terms, credit requirements, and funding speeds across several top hard money lenders for fix-and-flip investors. For example, Flip Funding emerges as a versatile option suitable for borrowers with lower credit scores and varying project types. Furthermore, with these reputable lenders at your disposal, you can confidently embark on your fix-and-flip endeavors knowing you have the support of the best in the business.
Contact Information
To schedule a coffee date or learn more about the best private money lenders for flipping houses, contact Terra Point Realty at 713-766-1697. Their friendly and knowledgeable team is ready to assist you with the best private money lenders for flipping houses. Don’t miss out on the opportunity to live in your dream house – schedule a coffee date today and start your journey towards the best private money lenders for flipping houses.
