Concord Hard Money Lender

Concord Hard Money Lender

In the Concord 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. Concord 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.

Concord Hard Money Lender FAQ’S

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

What Do Concord Hard Money Lenders Specialize in?

Concord 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 Concord Hard Money Loans?

Concord 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 Concord Hard Money Lenders Look at my Credit Score?

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

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

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

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

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

Refinance a Concord 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 Concord 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 loans in North Carolina

Current Real Estate Trends In Concord (2024)

The real estate market in Concord, NC is exhibiting balanced growth. The median sold home price is $379.5K and the median listing home price is $375K, resulting in a sale-to-list price ratio of 100%, a sign that sellers are getting the price they desire.

Homes are also selling relatively quickly, with an average days on the market of 34. The median home value is currently $361,880 and has seen a 0.6% increase over the past year.

Predictions are that median home prices will rise in the coming year and Concord has been in a bullish cycle for the last 36 months, with the value of homes increasing 12 times in the past 12 months. 

It is expected that the next decade will bring a significant 41.472% increase in home prices, making investing in real estate here a good option with potential for growth and a positive return on investment.

Market Highlights

The real estate market in Concord, NC is well-balanced, with the supply and demand of residences being comparable. This is shown in the average days on the market, which stands at 34, meaning homes are selling at a reasonable speed.

The median days on the market has seen a slight dip compared to last year, signaling that homes are taking less time to be sold. This indicates a stable and balanced market, giving buyers and sellers equal chances.

To get a better understanding of the current real estate trends in Concord, NC, it is essential to further investigate the housing market overview.

Housing Market Overview

The housing market in Concord, NC provides valuable insights into the current condition of property investment and home values. Here are some highlights about the market in Concord:

1. The median listing home price in October 2023 was $375K.

2. Compared to the previous year, the value dropped by 3.8%.

3. The median listing home price per square foot is $209.

4. The median sold price was $379.5K.

These figures show that the housing market in Concord has gone through a slight dip in home prices. The median listing price per square foot is quite high, meaning that there is strong demand for quality properties. With a balanced market and a median of 34 days on the market, Concord presents a good opportunity for both buyers and sellers.

Investment Forecast

Based on market analysis and historical data, properties in Concord, NC present a promising opportunity for potential buyers and sellers. The short-term real estate market forecast shows that the median home prices are expected to rise over the next 10 years, with a growth of 41.472%.

This implies that property investments in Concord can be quite profitable in the long run. The median listing price of homes in Concord currently stands at $278,481 USD, with a 1-year forecast predicting an increase to $292,381 USD.

The average annual profit of property investment in Concord has also had a positive trend over the years. Taking these points into consideration, it is clear that investing in real estate in Concord is worth considering for those seeking profitable opportunities in the housing market.


All About Concord

Welcome to Concord, North Carolina! If you are looking for an energetic city with strong neighborhoods and a wide variety of dwellings, you have come to the ideal spot. Concord is renowned for its dedication to cultivating a sense of community via the Partnerships for Stronger Neighborhoods program, which has been improving citizens’ lives since 2000. With 45 participating neighborhoods, you will find a warm and friendly atmosphere here.

Getting around is no problem in Concord, due to its excellent transportation options. Interstate 85 links us to major cities such as Charlotte, Atlanta, and Durham, making it simple to travel. Our local bus system, CKRider, easily connects to the Charlotte Area Transit System, granting you easy access to the entire region.

If you like driving, you will appreciate our well-maintained highways. Interstate 85 is presently receiving an expansion to take care of improved traffic, and US Highway 29 and US Highway 601 offer convenient access to other parts of the Carolinas.

No matter if you are a motorsports fan or just searching for an enjoyable day out, Concord has it all. From shopping centers and museums to the NASCAR track and events center, there is something for everyone. Our varied economy includes significant employers in shipping and transportation, manufacturing, and motorsports.

Academics is a major priority in Concord, with a variety of public and private schools to choose from. So if you are looking at relocating or just visiting, prepare to enjoy all that Concord has to offer.

Neighborhoods and Recreation

Concord has become a desirable destination due to its Partnerships for Stronger Neighborhoods program and the 45 neighborhoods it has. This program was launched in 2000 with the goal of improving the quality of life and activities in the city. City personnel serve as mediators to make sure the needs of the neighborhoods are being met. This joint effort has created a strong bond and a feeling of pride among the inhabitants.

The city offers a variety of housing options, from humble homes to luxurious mansions, making it an ideal place for people of different backgrounds. The city’s dedication to keep and upgrade its neighborhoods has led to a vibrant and hospitable atmosphere.

In addition to its attractive neighborhoods, Concord also offers a variety of recreational activities. There are parks, playgrounds, and social centers located throughout the city. Furthermore, there are many events and festivals, providing people with fun and socializing opportunities.

Moving on to transportation options, it is important to note that Concord’s strong sense of community and wide range of recreational amenities are complemented by its accessible transportation.


Interstate 85 provides Concord with direct access to major cities such as Greensboro, Durham, Charlotte, Greenville, and Atlanta. This highway is an essential part of the transportation network, granting easy access to these vibrant urban centers.

Interstate 485 also runs southwest of Concord, near the Cabarrus-Mecklenburg County line, allowing travelers to reach the Charlotte area.

If you prefer public transportation, Concord has its own local bus system known as CKRider. This system serves the city as well as nearby Kannapolis. It also connects to the Charlotte Area Transit System, allowing easy travel throughout the region.

North Carolina Railroad owns one railroad line that serves Concord, catering mainly to industrial facilities. Kannapolis and Charlotte have Amtrak stations for those seeking train travel, although there are no passenger stations in Concord itself.

The highway system supplements the interstate, adding to Concord’s transportation infrastructure.


US Highway 29 and US Highway 601 cross through Concord, providing access to various parts of the Carolinas. These roads are essential transportation routes that connect the city with other cities and towns in the region.

US Highway 29 serves as an alternate to Interstate 85 between Charlotte and Greensboro, offering travelers another way for their trips.

On the other hand, US Highway 601 links to the nearby cities and towns, allowing for travel within the Carolinas.

These highways are instrumental in boosting transportation and connectivity in Concord. They help people and goods move around, supporting economic growth and development in the area. Whether you’re going to work, visiting close-by communities, or exploring the beautiful routes of the Carolinas, US Highway 29 and US Highway 601 are dependable and accessible choices.

Let’s now look at the bus transportation options available in Concord, providing you with more choices for getting around the city and beyond.


When looking for convenient and cheap public transport in Concord, the CKRider bus system is a great option to explore the city and connect to the Charlotte Area Transit System.

CKRider serves as the local bus system, supplying dependable service to both Concord and Kannapolis. Whether commuting to work, doing errands, or wanting to check out the city, CKRider can take you there.

With express service and regular service connection points, you can get to your destination within Concord or get to the larger transit network offered by the Charlotte Area Transit System.

The CKRider bus system is an economical way to go around Concord’s neighborhoods and visit the various attractions the city has. Whether you’re heading to the malls, museum, family resort, NASCAR track, or events center, CKRider can get you there.

Plus, CKRider offers connections to the Charlotte Area Transit System, giving you more transportation possibilities to other parts of the Charlotte metropolitan area.

Now, let’s look at the rail transportation options available in Concord.


If you’re looking for an alternative mode of transportation in Concord, let’s explore the rail options.

While the city itself doesn’t have passenger stations, there is one railroad line owned by North Carolina Railroad that serves several industrial facilities. If you’re looking to ride a train, you can find nearby Amtrak stations in Kannapolis and Charlotte. These stations offer easy access to passenger rail services.

Concord’s rail system is mainly used for freight transportation, providing support to the manufacturing and shipping industries. The North Carolina Railroad line connects Concord to other parts of the state and beyond. This rail network offers a reliable and efficient means for transporting goods.

The rail system in Concord may be primarily focused on industrial uses, but the city also has a public transportation system. This includes the CKRider bus service, which serves Concord and Kannapolis and offers connections to Charlotte Area Transit System.

In summary, while direct passenger rail travel isn’t available in Concord, the city’s rail system plays a vital role in supporting the local economy and transporting goods. If you need to ride the train, convenient Amtrak stations can be found in Kannapolis and Charlotte.