Evansville Hard Money Lender

Evansville Hard Money Lender

In the Evansville real estate market, grabbing properties before your competition is essential for making the best deals. Although real estate investors sometimes go the traditional route and seek bank loans, the process is anything but speedy.

When time is of the essence, waiting for the lengthy process of getting approval is not an option for most investors. Evansville hard money lenders specialize in providing hard money loans which provide quick funds to investors. These loans are for a non owner occupied property or in some cases for business purpose loans.

Evansville Hard Money Lender FAQ’S

Below are some of the most frequently asked questions we get regarding hard money loans and lenders in Evansville.

What Do Evansville Hard Money Lenders Specialize in?

Evansville hard money lenders specialize in providing short-term, creative financing for real estate investors. If you seek a conventional lender to purchase an investment property, your loan request will be based on the property‚Äôs value and your assets. Your credit score, job, and finances will be scrutinized intensely.  Hard money lenders base their final loan decisions on the after-repair value. The ARV represents the potential value of a property after all repairs have been accomplished.

What are the Benefits of Evansville Hard Money Loans?

Evansville hard money loans offer advantages that traditional banks cannot. Lenders like Acamnet Financial offer a higher level of flexibility than banks.  When qualifying for this type of loan, lenders do not delve too deeply into the finances of real estate investors. In most cases, simply present the property and your plans, which saves you the hassle of gathering countless financial documents.

Do Evansville Hard Money Lenders Look at my Credit Score?

One of the greatest benefits of working with Evansville hard money lenders is the lack of credit score requirements. One of the first things a bank does is check your credit score.  You can get approved for a hard money loan in Evansville even if you have bad credit or poor credit, bankruptcies, and foreclosures in the past. Evansville Hard money lenders primarily care about the property you are purchasing.

What is the Interest Rate & Points for Hard Money Loans in Evansville?

Interest rates for hard money loans in Evansville are typically higher than traditional bank loans (conventional loans) because of the greater risk lenders must take on when approving loans. When searching for a hard money lender near me in Evansville, you will find average interest rate is between 8%-15%.  You should also be aware that lenders sometimes charge points that are meant to offset their administrative costs. Each point represents 1% of the total loan amount.  The average points lenders charge is between 1 to 3. Some lenders may charge up to 10 points. These points are due upfront or at closing, depending on the lender.

What Should I Look for in an Evansville Hard Money Lender?

There are many benefits to working with an Evansville hard money lender.  You just need to make sure you are working with the right lender.  You can rely on Acamnet Financial Group when you need us most.  We offer reliability, consistency, experience, and support.  As a real estate investor, you know the importance of grabbing the best property deals when they become available.

How can Hard Money Lenders in Evansville Help Me?

Whether you are new to real estate and real estate projects or an old pro, you know having the capital to purchase real estate is essential. Without funds, you will miss out on real estate transactions.  When you partner with hard money lenders in Evansville, you will quickly get the money you need without jumping through the hoops of traditional bank lenders.

How do I get a Hard Money Loan in Evansville?

When you want a hard money loan in Evansville, begin by preparing the property information. Location, size, purchase price, after repair value, repair costs, etc.  In most cases, the financing will be based on these numbers.  Then, apply for a hard money loan in Evansville using this information and supply some financial information.  Then, an appraisal will be ordered to assess the loan-to-value ratio, which will influence the loan amount.

How do I Refinance an Evansville Hard Money Loan?

Refinance an Evansville hard money loan will involve moving from a high interest, short term loan to a longer term, usually lower interest rate loan. Typically a conventional type of loan.  When refinancing an Evansville hard money loan you will find it will have a more stringent set of guidelines.  You will need to have sufficient credit and income qualifications.  As the lending landscaping and regulations constantly change, you want to consult a knowledgeable conventional loan expert.

Here’s other cites we can help with in Indiana: Hard money loans in Indiana

Current Real Estate Trends In Evansville (2024)

The real estate market in Evansville, Indiana, is currently a seller’s market with high demand and little inventory. Analysis shows that the median list home price is at $190,000, and the cost per square foot is $124. Additionally, the median sold home price stands at $181,300, signifying a competitive market atmosphere. On average, residences in Evansville are bought within 29 days, and the sale-to-list price ratio is 99.31%.

Although the average days on the market have gone down from the prior month, they have slightly risen compared to the same time last year. Looking ahead, investing in Evansville looks promising, with long-term forecasts suggesting a potential rise in house costs. It is predicted that by 2028, the median cost of an average home in Evansville may reach $170,234.

It is therefore essential for both buyers and investors to take into account market conditions, financing options, and the advice of experienced agents to effectively go through the real estate process.

Investment Potential

The Evansville housing market offers a promising opportunity for investors. With a median home price of $146,485 and an expected long-term increase, current trends suggest that an investment of $100,000 today could yield a profit of $116,210 by 2028. That’s an impressive +16.21% over five years!

It’s easy to see why investing in Evansville real estate can be profitable. The median price of a house in Evansville is $146,485 and is projected to rise to $170,234 by 2028.

Market Report

The latest market analysis of buying and selling homes in Evansville shows the median price of a typical house is 146,485 USD, which could be an attractive option for those looking to invest in the real estate market.

It is predicted that by 2028, the average price of a home in Evansville could reach 170,234 USD, making it possible for investors to potentially make a profit of 116,210 USD if they invest 100,000 USD now. This indicates the positive growth potential of the local housing market, making it an appealing choice for both short and long-term investments.

Short-term Forecast

Considering the predicted market forecast for the buying and selling of homes in Evansville, it’s clear that investments made now may result in favorable returns in the near future.

Data shows that the median home listing prices over the last 5 years suggest the short-term outlook for the housing market in Evansville is positive.

The average house in Evansville is going for about $146,485 USD.

It is predicted that by 2028, the median home price in Evansville will have increased to $170,234 USD. This means a potential profit of $116,210 USD from a $100,000 USD investment in 10 years.

These forecasts suggest investing in the Evansville housing market has strong potential to be a profitable option.



All About Evansville

Evansville, located in the Evansville Metropolitan Area, has a rich and varied history with many defining aspects, such as transportation development, disasters, economic growth and regional importance.

Leaders in the 1920s and 1930s prioritized transport projects, resulting in the city being included on the Chicago-to-Miami Dixie Bee Highway, the building of an Ohio River bridge and the founding of an airport.

The city endured a major challenge when the Ohio River Flood of 1937 occurred, leading to further levees and defense systems being constructed for future flood control.

During World War II, Evansville became a major industrial area, manufacturing ships, bullets and fighter planes.

After the war, the city saw economic expansion, especially in the manufacturing industry, and experienced population growth.

Evansville has since developed into a regional focal point, due to the presence of the University of Southern Indiana, production plants and a casino.

In the 21st century, the city is still seeing economic diversification and stability. It has a scenery with low rolling hills and a valley with levees that protect it, and its cityscape has a vibrant downtown area with traditional architecture and many neighborhoods listed on the National Register of Historic Places.

Transportation Development

Evansville experienced noteworthy improvements in transportation during the 1920s and 1930s. The city strove for inclusion on the Chicago-to-Miami Dixie Bee Highway, a route connecting major cities in the Midwest and South, which brought increased traffic and economic prospects. In 1932, a bridge spanned the Ohio River, establishing a vital connection between Indiana and Kentucky and enabling the movement of goods and people. An airport was also set up during this decade, providing easier access to air travel.

These transportation changes had a major effect on the growth and advancement of Evansville. They supported the flow of goods and people, inviting businesses and stimulating economic development. Nonetheless, these transportation advancements were not without their difficulties. The 1937 Ohio River Flood overwhelmed 500 city blocks, causing a severe crisis. As a response, higher and more levees were constructed, and the Ohio River was concealed behind earthen berms and concrete walls.

Impact of Ohio River Flood

The Ohio River Flood of 1937 caused tremendous damage to the city of Evansville. 500 city blocks were flooded, leaving the city in a crisis. To combat the potential for future devastation, city officials quickly began constructing levees. These earthen berms and concrete walls acted as a barrier between the city and the river, concealing the Ohio River from view.

This alteration to the cityscape allowed for the development of the eastern portion of Evansville, which had been vulnerable to flooding. The protected area was utilized heavily during World War II, for the production of ships, ammunition, and aircraft.

Therefore, the flood and subsequent construction of the levees had a major impact on the city’s future, transforming it into a hub of industrial production and economic growth.

Industrial Growth during World War II

Industrial development in Evansville during World War II had a monumental effect on transforming the city’s economy and contributing to its future expansion. Evansville became a major center of industrial production, especially in the manufacturing of military items. The construction of a shipyard complex for oceangoing Landing Ship Tanks (LSTs) was a great development during this time. The Evansville Shipyard became the biggest inland producer of LSTs, which were essential for the war effort. The Plymouth factory was also altered for bullet production, meeting the high demand for ammunition. Additionally, Republic P-47D fighter aircraft were produced here, which were used by the United States Army Air Forces.

This industrial growth during World War II had a long-term influence on Evansville’s economy. It created job opportunities for the local population and attracted new businesses to the area. The post-war economic expansion in Evansville was driven by its manufacturing base, which experienced increased demand. This caused the expansion of residential development in the north and east of the city. Despite facing a nationwide recession between 1955 and 1963, Evansville managed to draw in 28 new businesses, including big companies like Whirlpool, Alcoa, and General Electric.

The industrial growth during World War II laid the groundwork for Evansville’s future economic prosperity. It placed the city as a manufacturing hub and contributed to its reputation as a center for industrial production. This set the stage for the subsequent post-war economic expansion, which further solidified Evansville’s status as a regional economic powerhouse.

Post-War Economic Expansion

Post-War economic expansion in Evansville was marked by the growth of its manufacturing base and the influx of new businesses. After World War II, the demand for consumer goods spurred the city’s manufacturing sector, which benefited from its strategic location and existing infrastructure. This led to residential development spreading north and east of the city.

Though Evansville faced a nationwide recession between 1955 and 1963, it still managed to draw 28 businesses, such as Whirlpool, Alcoa, and General Electric. This helped to stabilize the economy and create jobs.

The post-war economic expansion not only brought new businesses to Evansville but also contributed to the city’s growth and development. The University of Southern Indiana was instrumental in driving economic growth, and the arrival of Toyota and AK Steel manufacturing plants further solidified the city’s place as a regional hub for commercial and industrial activities. Bally’s was also established during this time, enhancing Evansville’s standing as an entertainment destination and contributing to job growth.


Evansville presents a range of architectural styles, from the twentieth-century buildings in the downtown to the turn of the twentieth-century homes in the riverside district. Around 200 acres make up the downtown plat, with oblique-angle street turns and a lot of surviving early twentieth-century architecture. Revitalization work continues to make the downtown area better. Businesses, land-based casino gambling, restaurants, bars, and shops are thriving in the downtown and riverfront area, giving residents and visitors a lively atmosphere.

Thirteen historic districts in Evansville are listed on the National Register of Historic Places. These include Bayard Park, Culver, Haynies Corner, Lincolnshire, Riverside, Washington Avenue, and West Franklin Street. Every neighborhood has its own distinctive character and architecture, contributing to the city’s history and beauty.

Evansville also features natural attractions like Wesselman Woods Nature Preserve and Angel Mounds State Historic Site. Exploring these sites gives residents and visitors the chance to appreciate the region’s natural and cultural heritage.

Evansville’s cityscape is a mix of its past and ongoing efforts to protect its historical and architectural significance. From downtown to historic neighborhoods and natural landmarks, Evansville has something to please everyone.