Albuquerque Hard Money Lender

Albuquerque Hard Money Lender

In the Albuquerque 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. Albuquerque 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.

Albuquerque Hard Money Lender FAQ’S

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

What Do Albuquerque Hard Money Lenders Specialize in?

Albuquerque 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 Albuquerque Hard Money Loans?

Albuquerque 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 Albuquerque Hard Money Lenders Look at my Credit Score?

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

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

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

There are many benefits to working with an Albuquerque 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 Albuquerque 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 Albuquerque, 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 Albuquerque?

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

Refinance an Albuquerque 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 Albuquerque 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 New Mexico: New Mexico hard money lender

Current Real Estate Trends In Albuquerque (2024)

The real estate market in Albuquerque, New Mexico is currently displaying varied signs. Median listing home price stands at $372.8K, and median price per square foot is $206. But median sold home price is slightly lower at $339.2K, pointing to a possible decrease in listing price.

Market seems to favor buyers, as more homes are available than demand. Median days on the market have also gone up compared to previous month and year.

Despite these factors, average home value in Albuquerque has seen a 5.2% jump over the past year, and homes usually become pending in around 7 days, indicating good demand for properties.

Short-term investment outlook may not be very promising, but long-term prediction suggests potential growth in property prices. Therefore, Albuquerque presents as a potentially profitable option for property investment, especially for flipping houses and long-term growth.

Market Highlights

Albuquerque’s real estate market has been looking good lately, with a median listing home price of $372.8K and a median sold home price of $339.2K. These figures indicate a stable and potentially lucrative investment opportunity in the city.

On top of that, the median listing home price per square foot comes to $206, which suggests that the market offers good value for buyers.

The sale-to-list price ratio of 101.1% and the average days on the market of 45 days show that there is a good demand for homes in Albuquerque.

Housing Market Overview

The housing market in the city is marked by a median listing home cost of $372.8K and a median sold home price of $339.2K, which indicates a competitive market with potential for profitable property investment. To better understand the present state of the housing market in Albuquerque, NM, some key points are the following:

1. Sale-to-list cost ratio: The sale-to-list cost ratio stands at 101.1%, meaning that homes typically sell slightly higher than their listed price.

2. Average days on the market: Houses in Albuquerque remain on the market for an average of 45 days, showing a relatively quick-paced market where properties are being bought and sold in a reasonable amount of time.

3. Supply and demand: The supply of homes in Albuquerque presently surpasses the demand, creating a buyer’s market. This gives buyers more choices and potentially advantageous bargaining power.

4. Market forecast: The short-term investment outlook for buying a house in Albuquerque is not so optimistic. However, the long-term projected increase in the cost of a typical home in the area suggests potential for future appreciation.

Considering these factors is essential for assessing the investment potential of the Albuquerque housing market.

Investment Potential

Investment in Albuquerque’s housing market is worth considering due to several factors. Market conditions, demand-supply dynamics, and projected long-term increases in home prices are all contributing to the investment potential of the city.

The current buyer’s market, with a supply of homes greater than demand, presents opportunities for investors to locate favorable deals. The median home price in Albuquerque has risen 5.2% over the past year, suggesting a positive trend in property values. The average home in Albuquerque goes pending in around seven days, showing a strong demand for housing in the area.

These signals suggest that investing in Albuquerque homes has the potential for long-term profitability. Investors can use the city’s market developments and growth estimates to make informed decisions and potentially build wealth through real estate investment.


All About Albuquerque

Get ready to be immersed in a city packed with history, culture, and energy.

Albuquerque can be found in New Mexico and has a past dating back to 1706. It was named after the 10th Duke of Alburquerque, and was an important outpost on El Camino Real, a historic trading route.

Native American tribes like Tanoan, Keresan, Navajo, Apache, and Comanche have inhabited the area, leaving their mark on the city. Albuquerque was also a villa of Nuevo México during the Spanish colonial period, which is still evident throughout the city.

Discover the landmarks, art, and dynamic economy of Albuquerque for yourself. This vibrant city is a meeting point between the past and the present, sure to captivate you.

Location and Geography

Albuquerque is a stunning city located between the majestic Sandia Mountains and the Rio Grande, creating a captivating natural landscape. To the east, the Sandia Mountains offer a stunning backdrop, while to the west, the West Mesa overlooks the area. The Rio Grande and its accompanying wetland of cottonwood trees form a unique ecosystem that adds to the city’s picturesque beauty.

Albuquerque is at an elevation of 4,967 feet (1,514 meters) and experiences a mild high desert climate, with warm summers and cool winters.

The location and geography of Albuquerque have had a major influence on the city’s identity and culture. The Sandia Mountains offer outdoor activities such as hiking, skiing, and mountain biking, while the Rio Grande provides a beautiful setting for activities like kayaking and fishing.

These natural features have also impacted the architecture and urban design of the city, with many buildings and neighborhoods reflecting the surrounding landscape.

Nicknames and Symbols

Named after the 10th Duke of Alburquerque, Francisco Fernández de la Cueva, Albuquerque has been given various nicknames and symbols that reflect the city’s unique character and charm. The Duke City is a nod to its namesake, while ABQ and The 505 are shortened versions of the city’s name and area code, respectively. Locals often use the slang term Burque, and The Q is shorthand for Albuquerque.

Albuquerque has a flag and seal that signify the city. The flag is yellow with a red sun symbol, representing the city’s warm weather and lively energy. The seal displays an outline of the Sandia Mountains, highlighting the city’s natural beauty, with a sun symbol in the center and the words ‘City of Albuquerque’. These symbols can be seen around the city, symbolizing Albuquerque’s identity.

Exploring the history of Albuquerque, from its founding to its development as a major city in the United States, is a fascinating journey.


Founded in 1706, La Villa de Albuquerque has an extensive past which stretches back centuries. It was named after Francisco Fernández de la Cueva, the 10th Duke of Albuquerque. In the beginning, it served as an outpost on El Camino Real, connecting Mexico City to the northern territories of New Spain.

The city is home to petroglyphs which are signs of the Tanoan, Keresan, and Tiwa peoples who resided near the Rio Grande. Old Town Albuquerque’s architecture is proof of Spanish influence with the San Felipe de Neri Church, constructed in 1793, being one of its oldest constructions.

The Atchison, Topeka and Santa Fe Railroad’s entrance in 1880 brought an era of growth to Albuquerque, pulling in Anglo merchants and settlers. The city now contains historic sites such as Old Town and San Felipe de Neri Church, as well as institutions like the University of New Mexico.

Furthermore, the native presence in Albuquerque is represented by pueblos such as Sandia Pueblo and Pueblo of Isleta.

Native American Presence

Before Europeans settled the area, the Tanoan, Keresan, and Tiwa inhabited the Rio Grande and left behind petroglyphs that still exist today.

Around 20 Tiwa pueblos were located near Albuquerque, two of which are still present today: Sandia Pueblo and Pueblo of Isleta.

Exchange of goods and cultural practices between Native American groups is visible in the area, suggesting a vibrant past.

It is likely that other tribes, such as the Navajo, Apache, and Comanche, camped in the area.

Native Americans have had a profound impact on Albuquerque’s history and culture, and continue to be recognized.

These Native American groups set the stage for the Spanish influence that would follow.

Spanish Influence

Explore Albuquerque’s rich history and the Spanish influence that has shaped its culture and architecture.

Albuquerque was once a villa of Nuevo México and located along the Camino Real, its purpose being a trading and military outpost.

The city’s Old Town, built in the Spanish villa pattern, displays the architectural style of the era, with its adobe buildings and quaint plazas.

The San Felipe de Neri Church, built in 1793, is one of the oldest buildings in the city, and serves as a reminder of the Spanish influence.

The Atchison, Topeka and Santa Fe Railroad’s arrival in 1880 helped to further develop the city.

The local cuisine also reflects the Spanish influence, with New Mexican dishes like enchiladas and sopapillas being a testament to the settlers’ traditions and techniques.

As you discover the city, take a moment to acknowledge the Spanish influence that has formed Albuquerque’s unique identity.