Michigan Hard Money Lenders
Do you need a hard money lender in Michigan to finance your next real estate project?
EmpireFunders 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
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
Looking for a Private Money Loan?
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