Asheville Hard Money Lender

Asheville Hard Money Lender

In the Asheville 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. Asheville 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.

Asheville Hard Money Lender FAQ’S

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

What Do Asheville Hard Money Lenders Specialize in?

Asheville 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 Asheville Hard Money Loans?

Asheville 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 Asheville Hard Money Lenders Look at my Credit Score?

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

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

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

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

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

Refinance an Asheville 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 Asheville 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 North Carolina: Hard money lender in North Carolina

Current Real Estate Trends In Asheville (2024)

The current real estate trends in Asheville, North Carolina are as follows:

– The median listing home price as of October 2023 was $595K, with a median listing home price per square foot of $329.

– The median home sold price was $498K, and homes typically stayed on the market for around 46 days.

– The sale-to-list price ratio was 97.8%, indicating a balanced market.

– The average home value in Asheville was $451,444, showing a 3.2% increase in the last year.

– There were 579 homes for sale inventory and 168 new listings as of October 31, 2023.

These statistics demonstrate a positive outlook for the housing market in Asheville. Factors such as economic stability, employment opportunities, and lifestyle choices contribute to this optimistic trend. Forecasts predict further growth, with projected increases ranging from 0.6% to 5.8% by August 2024. Therefore, it is expected that the housing market in Asheville will remain strong in the coming months.

Market Statistics

The housing market statistics in Asheville indicate a balanced market. The median listing home price is $595K and the median home sold price is $498K, which suggests stability in the area. People can expect to wait an average of 46 days for a home to sell. In addition, the sale-to-list price ratio is 97.8%, showing that sellers can expect to get close to their asking price.

All of these figures point to a healthy and competitive market in Asheville. It is important to analyze the balance of the market to gain further insight into what is occurring.

Market Balance

Asheville’s housing market is in a state of balance, with a delicate harmony between the supply and demand of homes, providing comfort and security for both buyers and sellers. Several indicators can be used to assess this market equilibrium:

1. Inventory: Asheville has 579 homes on the market, giving potential buyers a wide selection of options.

2. New Listings: The addition of 168 new listings in October 2023 shows that the market is still active, with lots of properties entering the market.

3. Sale-to-List Price Ratio: The median sale-to-list price ratio of 1.000 in September 2023 shows that sellers are getting offers close to their asking prices, meaning negotiations are fair.

By looking at these figures, we can get an idea of the state of the real estate market in Asheville.

Market Overview

The housing market in Asheville appears to be in a state of equilibrium. Inventory of 579 homes in October 2023 is bolstered by the addition of 168 new listings. This suggests a balance between supply and demand.

Supporting this is the median sale to list ratio of 1.000 in September 2023, indicating that homes are selling close to list price. Median sale price of $434,167 in September 2023 and median list price of $511,167 in October 2023 additionally show a healthy demand for homes in Asheville, likely driven by economic stability, job opportunities, and lifestyle choices.

While the market appears to be healthy, affordability must be taken into consideration to ensure a sustainable housing market in Asheville.


All About Asheville

Located in stunning Buncombe County, North Carolina, this city is a true treasure. Filled with breathtaking natural landscapes, a vibrant arts scene, and a booming tourism industry, Asheville has something for everyone.

Imagine being surrounded by majestic Blue Ridge Mountains, while wandering through the streets with art galleries, music venues, and delicious eateries. Discover the city’s storied past, which dates back to the late 1700s when European Americans first arrived. Admire iconic landmarks, such as the Art Deco Asheville City Hall and the world-renowned Biltmore Estate.

Take advantage of outdoor activities, from hiking along picturesque trails to rafting down the French Broad River. Asheville is sure to captivate your heart and leave you wanting more.

Now let’s explore the amazing city of Asheville and all it has to offer.

Location and Population

Asheville is located in Buncombe County, North Carolina at the junction of the French Broad and Swannanoa rivers. It has a total area of 45.86 square miles and an elevation of 2,134 feet. According to the latest population estimates, Asheville has a population of around 93,776 people.

The city is a paradise for outdoor enthusiasts and nature lovers, its picturesque Blue Ridge Mountain backdrop providing a beautiful setting for its bustling cultural life and thriving arts community. Throughout the year, Asheville is known for its vibrant festivals and events, drawing visitors from all over the world.

Asheville is also a haven for foodies, offering a range of eateries, breweries, and shops that cater to all tastes. From farm-to-table dining to beer tastings, there’s something for everyone. The healthcare and education sectors also play a major role in the local economy.

Discover the history of this captivating city and find out what makes it so special. Learn about its unique geography, vibrant culture, and economic contributions. Explore the city’s natural beauty and find out why Asheville is so beloved by locals and visitors alike.


Explore the rich history of this vibrant city, where European settlers planted their roots in the late 18th century. Asheville, tucked away in Buncombe County, North Carolina, has a captivating past that has molded its current allure.

It all started in 1784 when Colonel Samuel Davidson and his family were the first to settle in the area. By 1790, the U.S. Census had counted 1,000 inhabitants, leading to the official formation of Buncombe County in 1792. Five years later, the county seat was established and named Asheville.

Asheville saw high growth in the 1900s, becoming the third-largest municipality in North Carolina by 1900. The 1910s and 1920s brought success to the city, with Rutherford P. Hayes constructing residential housing in the African-American Burton Street Community. In 1913, West Asheville combined with Asheville, adding to the city’s expansion. During this period, noteworthy architectural sites such as the Asheville City Hall, Biltmore Estate, and Grove Park Inn were erected, displaying the city’s attractive atmosphere.

Growth in the 1900s

During the 1900s, Asheville experienced significant growth and progress, establishing itself as one of the largest cities in North Carolina. This growth was primarily driven by the development of residential housing in the African-American Burton Street Community, led by Rutherford P. Hayes. Additionally, the incorporation and subsequent merging of West Asheville with the city expanded Asheville’s boundaries.

One notable architectural achievement of this period was the construction of the Asheville Masonic Temple in 1913. This building stands out in the city due to its impressive design and intricate details. Another example of architectural beauty is Asheville City Hall, designed by Douglas Ellington in the 1920s, showcasing the prominent Art Deco style.

The blending of Asheville’s history and architecture is an integral part of its present identity. Many of these landmarks and structures have become cherished symbols of the city’s beauty and charm.

Landmarks and Architecture

Asheville is a city that captivates visitors with its iconic landmarks and architectural designs. Among these, the Asheville City Hall is a must-see. Designed by Douglas Ellington in the 1920s, this Art Deco building stands as a symbol of the city’s past and is the seat of government.

Another remarkable landmark is George Vanderbilt’s Biltmore Estate. Boasting exquisite gardens, opulent interiors, and stunning mountain views, this estate is truly a sight to behold.

The Grove Park Inn, built in 1913, is a historic resort that showcases the region’s beauty and offers luxurious accommodations. It is a popular destination for those seeking relaxation and a taste of Asheville’s rich history.

Lastly, the Asheville Masonic Temple stands as a testament to the city’s heritage. This architectural gem is a sight to behold and represents the city’s commitment to preserving its history.

Exploring these landmarks will leave you in awe of their beauty and the stories they tell. Additionally, the city’s natural features offer breathtaking landscapes that make it even more enchanting.

Natural Features

Settled in the core of the Blue Ridge Mountains, Asheville offers a breathtaking view of picturesque beauty and outdoor activities. The city is graced with the merger of the French Broad and Swannanoa rivers, which wander through the land, offering stunning sights and activities such as kayaking and tubing.

Encompassed by the magnificent Blue Ridge Mountains, Asheville is a paradise for outdoor enthusiasts. The close Great Smoky Mountains National Park calls with its delightful vistas, diverse wildlife, and trails of hiking.

Asheville has a moderate climate, with mild winters and hot summers, making it a great destination throughout the year. The city is renowned for its stunning fall foliage, when the mountains are lit up with bright colors. The beauty of Asheville is not limited to its waterways and mountains; the city also houses many parks and green spaces, where people can enjoy picnicking, walking, and biking.

Beyond its aesthetic, Asheville also has a vibrant arts and music scene, with many artists finding stimulation from the nearby landscapes. People can explore the River Arts District, a core for local artists and galleries, displaying a wide variety of creative expressions.

In Asheville, nature takes the spotlight, providing a spectacular backdrop for everyone to enjoy. If you seek adventure in the outdoors or simply want to take in the beauty, Asheville’s natural features are sure to amaze your senses and give you unforgettable memories.