Columbus Hard Money Lender

Columbus Hard Money Lender

In the Columbus 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. Columbus 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.

Columbus Hard Money Lender FAQ’S

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

What Do Columbus Hard Money Lenders Specialize in?

Columbus 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’s 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 Columbus Hard Money Loans?

Columbus 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 Columbus Hard Money Lenders Look at my Credit Score?

One of the greatest benefits of working with Columbus 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 Columbus even if you have bad credit or poor credit, bankruptcies, and foreclosures in the past. Columbus Hard money lenders primarily care about the property you are purchasing.

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

Interest rates for hard money loans in Columbus 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 Columbus, 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 a Columbus Hard Money Lender?

There are many benefits to working with a Columbus 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 Columbus 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 Columbus, 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 Columbus?

When you want a hard money loan in Columbus, 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 Columbus 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 a Columbus Hard Money Loan?

Refinance a Columbus 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 a Columbus 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 Nebraska: Hard money lender Nebraska

Current Real Estate Trends In Columbus (2024)

The average sale-to-list price ratio is 99.48%, with the median home listing being $319K and the average price per square foot being $189.

The supply of homes exceeds the demand, with homes typically selling near the asking price.

The median listing home price in specific neighborhoods ranges from $202.5K in University Place to $560K in Downtown Lincoln.

The rental market in Columbus shows a low vacancy rate of 4.1% and strong demand for housing, with 30.9% of the population being renters.

This analysis of the current real estate trends in Columbus provides important insights.

Home Prices

The median listing home price in Columbus, NE stands at $319K.

Different neighborhoods have different levels of affordability and desirability, with Near South at $210K, University Place at $202.5K, West A at $270K, and Downtown Lincoln having the highest price of $560K.

This information allows prospective buyers to evaluate their options according to their budget and preferences.

It also gives valuable insights into the current state of the real estate market in Columbus, creating opportunities for both buyers and sellers.

Market Conditions

The local housing market in Columbus, Nebraska is dynamic, and current market conditions present a buyer’s market. This is reflected in the sale-to-list price ratio, which stands at 99.48% on average in October 2023, showing that homes are usually selling for close to their listed prices. The median days on the market for properties in Columbus is 47 days, showing that it may take some time for them to be sold.

The median listing home price in Columbus is $319,000, though it varies across neighborhoods. The Near South and University Place neighborhoods have median listing prices of $210,000 and $202,500, respectively, while the West A and Downtown Lincoln neighborhoods have higher listing prices of $270,000 and $560,000, respectively.

This provides valuable information to potential buyers and sellers in Columbus, Nebraska. Understanding the market conditions is key to making well-informed financial decisions in the local housing market.

Rental Market

The rental market in Columbus, Nebraska provides a great opportunity for those looking for quality housing. Here are some facts about the rental market in Columbus:

– 30.9% of the population in Columbus are renters, indicating a considerable demand for rental properties.

– On average, 0.9% of houses and apartments in Columbus are available to rent, showing a low rental vacancy rate.

– The median age of the real estate in Columbus is 48 years old, suggesting a mix of both older and newer rental properties.

– 65.9% of the housing stock in Columbus is owned instead of rented, and the housing vacancy rate is 4.1%, indicating a few rental properties are vacant.

The rental market in Columbus, Nebraska is moderately stable with a reasonable number of rental options.


All About Columbus

Tribes of Native Americans resided in the area before Columbus was founded in 1856, and its strategic location along the proposed transcontinental railroad route proved to be a major factor in its growth. This railway was completed in 1866, prompting more settlers to move to Columbus, leading to a population surge.

During the 1870s, Columbus experienced a period of prosperity due to the expansion of agriculture and increased railroad traffic. It became a significant trade center and was a part of the railway competition of 1879.

Later, the Meridian Highway project and the completion of the Meridian Bridge in 1924 further solidified Columbus’s economic importance.

Native American History

The area around the junction of the Platte and the Loup Rivers, home to Columbus, was once home to numerous Native American tribes such as the Pawnee, Otoe, Ponca, and Omaha. These tribes have a long and rich history.

It is believed that the Pawnee descended from the Protohistoric Lower Loup Culture. They were known for their advanced farming techniques and lived in dwellings made from earth.

The Otoe migrated to the lower Platte Valley in the eighteenth century. They were excellent hunters and had a strong bond with the land.

The Omaha and Ponca tribes came from the area near the Ohio River mouth and lived along the Missouri River. They had developed social structures and governments.

In 1720, the Pawnee and Otoe joined forces with the French and successfully fought off a Spanish force led by Pedro de Villasur near Columbus, showing their strength and determination.

The Native American tribes of the Columbus area played an integral role in forming the history and culture of the area. Even today, their influence and contributions are acknowledged and celebrated.

Early Settlement

The Columbus Town Company was established in May 1856, marking the beginning of the settlement of Columbus. It was named after the city of Columbus, Ohio, as many settlers had come from there. Located on the route of the transcontinental railroad, a factor essential to its future growth.

In November, the Elk Horn and Loup Fork Bridge and Ferry Company joined the Columbus Town Company, strengthening the settlement. Two years later, in 1858, Columbus became an official town and the county seat of Platte County.

Initially, the population of Columbus was low. However, with the construction of the transcontinental railroad in June 1866, this changed dramatically. George Francis Train played a prominent role in this process, envisioning Columbus as part of the Union Pacific route. He even bought several lots in the city and moved a hotel from a nearby town to support its growth.

The early settlement period of Columbus was fundamental for its future success. Its position along the railroad and the assistance of George Francis Train were crucial for the city’s economic development.

Railroad Development

Hopping on the train in Columbus will blow you away with the incredible development and growth seen during the railroad boom. In 1863, the transcontinental railroad began in Omaha and had a massive impact on the city. The Homestead Act, which brought settlers to the Plains, also increased the number of emigrants and further helped Columbus’s development.

June 1866 marked the arrival of the railroad to Columbus, and it had a huge influence on the population. George Francis Train, a promoter, harbored big dreams for the city and imagined it to be included in the Union Pacific route. He bought up several lots and even transferred a hotel from a nearby town to Columbus.

The success seen in the 1870s was due to the rise of Platte County’s agriculture and the increase in railroad traffic. The population of the county tripled during this decade, and Columbus was a trading hub for an eight-county area. In 1875, when the Black Hills Gold Rush began, the city became a staging and outfitting area for the gold seekers, further contributing to its growth.

In 1879, the railroad brought competition to Columbus. The Burlington and Missouri proposed a line through the city, but Union Pacific financier Jay Gould opposed it. Despite his threats, the citizens of Platte County voted in favor of the Burlington and Missouri’s construction costs. Unfortunately, the Burlington and Missouri chose a different route in Nebraska.

The railroad also played a fundamental role in the automobile age. In 1911, the Meridian Highway project was launched and the Meridian Bridge was completed in 1924, making Columbus an essential stop along the highway and driving its growth and development.

Growth and Prosperity

Columbus experienced a rapid expansion during the 1870s. The prosperous agriculture in Platte County and the booming railroad activity provided a major boost to the city. Settlers and businesses from all over flocked to the city, and the population of Platte County tripled.

Agriculture was an integral factor in Columbus’s success. The fertile land and mild climate made it the ideal location for farming. The city became a hub for agricultural production. Farmers grew many crops, such as corn, wheat, and barley, and raised livestock, like cattle and hogs. The abundance of agricultural resources not only helped the local economy but also increased the city’s standing as a trade center for the surrounding area.

Railroad activity also played a huge role in Columbus’s success. The completion of the transcontinental railroad in 1866 brought more emigrant traffic and increased the population. Columbus became an important transportation hub, with trains carrying passengers and goods to and from the city. The railroad provided many opportunities for trade and commerce, and businesses prospered as a result.

The Black Hills Gold Rush in 1875 was an extra bonus for Columbus. The city served as a staging and outfitting area for gold seekers on their way to the Black Hills. The influx of people and resources further stimulated the local economy. Businesses took advantage of the increased demand for supplies and services.

Economic Importance

Columbus boasts a diverse economy and a range of employment opportunities, making it a major contributor to the region’s economic and cultural vibrancy.

The city is home to several manufacturing companies, covering automotive, food processing, and electronics sectors which provide jobs to locals and drive economic growth.

Agriculture also plays a vital role in the local economy, with the region’s fertile land allowing for the cultivation of various crops such as corn, soybeans, and wheat, and its renowned cattle ranches, dairy farms, and hog operations.

Healthcare is another major industry in Columbus, with modern hospital, clinics, and specialized centers offering quality care to residents and drawing medical professionals to the city.

Educational institutions such as Central Community College also add to the city’s vibrancy, providing educational opportunities, workforce training, and helping to develop a skilled workforce.