Michigan Hard Money Lenders

Do you need a hard money lender in Michigan to finance your next real estate project?

MoolahList has researched and identified the best private money lenders in all four corners of The U.S.

Whether you want to purchase an assisted living facility in Detroit, cash-out refi your Grad Rapids city parking garage or fix and flip a condo in Warren city, our licensed and verified Michigan private money lenders are a perfect place to start your search. 

The Great Lake State, with over 3,000 miles of fresh water coastline, is best known for its phenomenal fishing and abundance of trees.

With 10 million residents, Michigan is best known for being the hub of the automotive industry. Companies such as Ford, General Motors and Chevrolet employ thousands of Michiganders and generate billions of dollars for the state’s economy. 

Top Michigan Hard Money Loans Summary

Full summary of Michigan hard money loan providers

Lender

MAX

RATE

LTV

$100m

8.99%

65%

$1m

9%

75%

$1m

7.75%

70%

The 3 Best Hard Money Lenders in Michigan

Avatar Financial Group

Responsive Service. Quick Closings. Direct Lender.

Avatar Financial Group is a leader in commercial hard money bridge loans offering solutions for non-conforming, income-producing real estate nationwide (excluding Nevada).

They provide loans on commercial, industrial, multi-family, retail, hotels, office and residential real estate. Their loans from $1 million to $100 million.

Before You Apply
  • Loan Amount: Minimum of $500,000
  • FICO Score: Minumum of 650
  • Interest Rate: Minimum of 8.99%
Best Features:
  • Funds commercial bridge loans from $1m to $100m
  • Direct Lender - They Are Not Brokers
  • Many property types including commercial, industrial, multi-family, retail, hotels, offices and 1 to 4 unit residential

Temple View Capital Funding

Temple View Capital Funding is a nationwide direct bridge lender for non-owner occupied real estate investment properties. Their financing solutions are geared towards investors and brokers.

They offer long-term financing for rental properties, customized rehab loans and short-term bridge loans.

Before You Apply
  • Loan Amount: Minimum of $75,000
  • Interest Rate: Minimum of 9.00%
Best Features:
  • Up to 80% LTV for rental loans with rates starting at 5.0%
  • Up to 90% LTV for rehab loans with rates starting at 7.5%
  • No income, no tax returns, no assets, no seasoning and no reserve requirements

Peak Asset Lending

Peak Asset Lending is a direct bridge lender out of Kansas, they lend on residential properties in 25 states across America.

They provide asset-based loan's from $25k to $1mil and they only lend on non-owner occupied real estate investment properties.

They provide loans on purchases, refinances, rehabs, rehab to perms, new construction and cash-out refinances.

Before You Apply
  • Loan Amount: Minimum of $25,000
  • Interest Rate: Minimum of 7.75%
Best Features:
  • $156m in closed loans, 15 years experience
  • Specializes in non-recourse loans
  • Provides loans for a variety of purposes, including fix & flip, new construction, refinance and purchase

Michigan Hard Money Stats

Loan Amounts
$25k to $100m
Interest Rates
3.99% to 15%
Term Lengths
1 to 360 months
Origination Points
1 to 5 points
Loan to Value Ratio
60% to 100%
Loan to Cost Ratio
65% to 100%
Closing Time
1 to 25 days

States Nearby

Looking for a Hard Money Loan?

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Whether you are looking for funding for a fix & flip, purchase, refinance or cash out, we have an extensive list of verified hard money lenders across the USA.
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