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Hard Money Lenders and Lending

Acamnet Hard Money Lending Group is a leading nationwide hard money broker focused on bringing our clients the most flexible, simple, and cost effective hard money financing solutions available today. Our highly skilled and trained financing professionals will walk you step by step through the process and provide options designed to fit your needs. Our portfolio of products is extensive and includes available financing for construction, rehab/renovations, bridge loans, BRRR loans and more!


Since we are a “smaller” lending institution there is less “red tape” and “bureaucracy” in getting your deal done and we have the flexibility that many of the giant national lenders do not. Our solid relationships with banks, credit unions, insurance companies, private investors, equity funds, FHA, Freddie Mac, Fannie Mae and many other sources of capital means we can bring you the most competitive financing available.

residential home



As a real estate investor, you know the importance of having a trusted lender in your arsenal of tools. The right lender ensures you have the funds you need for snapping up the best rental properties quickly. Unfortunately, some real estate purchase deals do not fall within the normal confines of traditional lenders. In unique situations, you need to think of outside-of-the-box financing solutions. Working with hard money lenders offers you an alternative lending source. You must know how to choose a lender to ensure you get the hard money loans you need.

What Should You Know About Working With the Best Hard Money Lenders?

Though you may work with your local banks or credit unions when you need traditional real estate loans, you will find they do not offer fast hard money loans. They generally won’t even speak with you about this. Traditional banks are confined to traditional regulations that prevent them from loaning to individuals that need these types of short-term loans. Most banks must follow the same regulations. A hard money company is not held to these same restrictive standards. A traditional loan is much different than hard money loans.

Even if you have been denied a traditional loan, which typically has a stringent approval process, hard loan lenders may still approve any loans you apply for. To hard money direct lenders, the most important factor is the value of the property and the loan amount. With these types of loans, if the property you are purchasing has a high enough value, you are likely to get approved.

Working with this type of lender allows real estate investors to seek alternative financing loans without the hassles. Going through the approval process is much easier with hard money loan lenders. A traditional lender is going to consider a borrower’s creditworthiness and credit history. The lender wants to know that you are going to be able to repay the borrowed money, and your credit history is a good indicator of this. If you do not meet their stringent guidelines, your loans will get denied.

We offer a different approach to lending services where a borrower’s credit is not considered to the extent that it is with a traditional mortgage. With most of our products, a borrower’s credit is not a heavily weighted factor.

building being renovated

Can First-Time Real Estate Investors Work With Hard Money Lenders?

Finding funding is often highly difficult for new real estate investors. It is especially arduous for them to get approval for fix-and-flip loans. The reason it is so difficult for first-time investors to find a lender is that the lender has no way of checking the track record of the investor. Why would a lender want to take a higher risk on a new investor when they cannot determine how they manage construction projects or their tenants? You may be spending a lot of time online searching terms like lender hard money, or hard money lending near me, and still not find the results you are looking for.

Many private lenders (private investors) only work with established real estate investors that are represented by a real estate agent. Before they will approve any loans, many lenders require a real estate investor to have several successful projects under their belts. This is often more important when it comes to commercial real estate loans.

Traditional lenders often want to verify your previous investments, so you are going to need an expansive portfolio. If you are seeking a fix-and-flip property, the lender will want to see proof of ownership and will even review your income tax returns from previous years, along with your income.

Working with a hard money lender is the way to go for new real estate investors. You will not have to worry about jumping through hoops, only to be denied. Working with the best hard money lenders gives you great peace of mind. From start to finish, they help you through each step in the process.

The right lender will ensure your questions get answered and you understand the process. New individual investors will find that a hard money loan lender is especially beneficial when they are seeking their first loan for a fix-and-flip.


cash to rehab and fix up real estate

How to Reduce Risks When Working With a Hard Money Lender

Searching online for terms like best hard money lender near me or hard loan lenders near me can in some cases help reduce your risk. You can find a lender with a stellar reputation before you decide to borrow money. Review all documents and all agreements in their entirety. Never choose hard money loan providers that will change the terms of any loans after you have signed the documents.

We work with a wide array of real estate investors. We’ve talked with them and hear horror stories about unscrupulous lenders regularly. We are here to help you avoid these lenders and ensure you are making the right choice for your specific needs.

The following are some questions you should ask.

  • How long have the local hard money lenders been in business? The more experience the lender has, the better equipped they will be to help you with your hard money funding needs.
  • What kind of borrowing deals do you handle most often?
  • How long do hard money loans typically take to close?
  • Are you going to charge any unexpected “junk” fees for my hard money home loan?
  • Will I need to pay upfront fees or will you include them in the hard money mortgage loan?
  • Will you be willing to negotiate a lower interest rate for small hard money loans?

You should scrutinize each and every loan document that you are given. Research your options and ensure you are making a sound choice. Before you decide on any lender, read customer reviews to learn as much as possible about the level of service you can expect. You should also check the hard money lender requirements to ensure you can meet them head-on.


single family home just renovated
Loan Type Location Property
Single Fam
Amount Rate Closing
residential home being renovated
Loan Type Location Property
Fix and Flip
Austin, TX
Amount Rate Closing
new residential home being built
Loan Type Location Property
Akron, OH
Amount Rate Closing
39 Days

Tips for Choosing the Right Lender

If you have ever asked yourself the question “who is the best hard money lender”, you are definitely on the right track. Not all lenders are of the same quality level. When seeking the best hard money loans, you must find the best lender. We’ve put together the following tips to ensure you are prepared to choose the right lender for getting a hard money loan.

When trying to get a hard money loan, you need to work with a specialist who knows all the ins and outs of loans like this. You don’t want to deal with a novice when it comes to this kind of loan. Even though the process may seem straightforward, these loans are quite complex and need to be structured carefully. You need an expert when seeking long-term hard money loans.

Choose a Lender That Specializes in Hard Money Home Loans

Although this may seem obvious to many real estate investors, many people confuse traditional financing (bank lenders) with the best hard money lenders near me. As previously mentioned, you will never be given this type of loan from a bank. They do not handle hard money loans in any capacity.

When trying to get a hard money loan, you need to work with a specialist who knows all the ins and outs of loans like this. You don’t want to deal with a novice when it comes to this kind of loan. Even though the process may seem straightforward, these loans are quite complex and need to be structured carefully. You need an expert when seeking long-term hard money loans.

Choose a Lender Familiar With the Local Area for Hard Money Loans

man and woman in new home construction

This cannot be stressed enough; you should consider a lender that has knowledge of the real estate market in the area you are purchasing in. You need someone who knows the area and can offer helpful suggestions if something should go wrong. When choosing a lender familiar with your local market, you may find the entire process much easier and less of a hassle.

Demand Transparency With Your Hard Money Loan

If you are specifically looking for cheap hard money lenders, you should be very careful and must demand transparency throughout the entire process. Never sign any paperwork without reading it in its entirety. The lender may attempt to rope you in with a promised rate, only to end up giving you a different one when you close. You have the right to transparency when working with wholesale hard money lenders.

Without transparency with each step in the process, you will not be aware of the exact terms of the loan. As a real estate investor, you know the importance of transparency in any deal, and this includes loans. Demanding transparency is one of the first things you need to understand about how to use hard money lenders.

Know Your Needs

Before you can choose the best lender, you need to know your loan needs. There are many types of real estate investors in the world. You need to know what type you are before finding a loan. Are you a flipper? Do you enjoy scooping up cheap investment properties, fixing them, and selling for a profit? Do you prefer purchasing multiple houses, fixing them, and flipping them at the same time?

Maybe you prefer purchasing properties and renting them to tenants so you can bring in a steady flow of cash each month. You may even prefer commercial properties over residential ones. By analyzing your real estate investment strategy, you are more likely to know your needs. Knowing your needs means you can find a lender that matches them. Some lenders only offer loans for residential properties. There are hard money lenders that provide expansive loan programs for all types of properties, including commercial ones.


residential property being fixed to sell
Loan Type Location Property
Fix and Flip
Amount Rate Closing
43 Days
residential home
Loan Type Location Property
2nd Mortg
Chicago, IL
Amount Rate Closing
49 Days
multi family real estate
Loan Type Location Property
Multi Fam
Amount Rate Closing
64 Days

Comparing Lenders Is Essential

Comparing lenders is essential when searching for a loan for your real estate endeavors. Just like you take time to find the right property, you also need to make sure you are choosing the right lender. The following are some integral ways you can compare lenders.

Consider the Interest Rates

The interest rates that lenders offer are an important part of the equation. Because the risks are greater, you are going to find that interest rates on hard money loans are higher. Keep in mind that if a borrower intends to sell the property quickly or refinance, the cost of any loans may be offset. It is important to note that interest rates can vary significantly among lenders.

Consider the Loan-to-Value Ratio

The LTV (loan-to-value) ratio has a profound effect on the costs associated with your loan. Higher LTV ratios create greater risks, which translates into higher costs for you. Lenders determine the loan-to-value amount by dividing the loan amount by the property value. You need to find out if the lender will use the current property value or the after-repair value. The one the lender uses will have a big impact on your costs as a borrower.

Consider the Added Fees

When working with any lender, make sure all the fees are explicitly listed in the paperwork. You need to know about the down payment (often a higher down payment amount is needed than with conventional financing or traditional mortgages), prepayment penalty fees, and any other additional fees for your loan. The more you know about hard money loans, the better equipped you will be to choose the right lender.

private lender money to purchase home

How Fast Do You Need Funding?

When searching for a lender, be aware of your timeline. How fast do you need funding? While hard money loans go much faster than traditional loans, each lender provides services differently. The vast majority of hard money lenders will process a loan within seven to fourteen days. Some hard money lenders may be able to process these loans more rapidly. Knowing how fast you require funding is an essential step to take before exploring your loan options.

Educate Yourself on the Hard Money Loans Industry

Another thing you need to do before choosing a lender is to educate yourself on the industry. If you arent familiar with hard money loans, and you’ve never worked with a lender before, you should gain some knowledge first. Although the underwriting processes are different for each lender, the core foundation is always the same. A hard money loan is much different than loans from traditional financial institutions or a bank loan. You must ensure you are comfortable with the differences before seeking a lender.

Check Your Savings

Once you know about this type of loan and are ready to proceed, it’s wise to ensure you have a nest egg put away. A hard money loan may not cover 100% of the funds you need. All hard money lenders expect some degree of contribution from the borrower. The lender is going to expect real estate investors to have money to invest. Having some money in savings ensures you can complete your project.

We Are Here to Help

Whether you are new to real estate investing or an old pro, Creative Hard Money Lending Group is here to help. We want you to feel comfortable reaching out to us and asking questions. We are here to provide answers. A hard money loan is the perfect source of funding for real estate investors who want to fix and flip properties. While interest rates will be a little higher with hard money financing than they would with traditional financing or bank loans, the advantages far outweigh the disadvantages. If you are ready to learn more, contact us right away for preapproval.