South Carolina Hard Money Lenders
Confused about where to find a reputable hard money lender in South Carolina?
Everyday real estate borrowers are scammed out of thousands of dollars by fraudulent and dishonest hard money lenders who use various tactics to fool borrowers.
To combat this issue, we created EmpireFunders; the web’s best online directory of licensed and verified private money lenders, covering all four corners of the of the country.
Interested in pulling cash-out of your self-storage facility in Charleston, want to purchase a warehouse to expand you business in Columbia or maybe you found the perfect single-family home to fix and flip in Myrtle Beach, regardless of your real estate funding needs, our countrywide and local South Carolina private money lenders are here to assist you.
With a population of 5 million, The Palmetto State is rich in history. South Carolina is the birthplace of barbeque, the second largest producer of peaches in the nation and is well known for its’ aerospace and advanced manufacturing.
Top South Carolina Hard Money Loans Summary
Lender | MAX | RATE | LTV | |
|---|---|---|---|---|
$1m | 7.75% | 70% | ||
$100m | 7% | 65% | ||
$2m | 4.25% | 90% | ||
$3m | 9.5% | 70% |
The 4 Best Hard Money Lenders in South Carolina
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
Commercial Private Equity
Hard Money Bridge Loans Made Easy
Commercial Private Equity is a direct asset based lender operating out of Atlanta, Georgia. They make nationwide loans on anything from gold mines to equipment and fund many commercial deals.
The have a diverse set of loan programs including commercial hard money, construction, bridge, raw land and workout loans.
Before You Apply
- Loan Amount: Maximum of $100,000,000
- Loan Amount: Minimum of $500,000
- Interest Rate: Minimum of 7%
- Term Length: Minimum of 12 months
Best Features:
- They are a direct lender and loan their own money
- They require very little underwriting and no credit score
- All fees are refundable
Straightline Funding
Direct Lender. Fast Closings.
Straightline is a hard money lender located in North Carolina and provides loans on single and muli-family properties.
They have a straight forward application process that requires very little documentation and provide both short and long term lending options. Their loan menu includes rehab loans, simple bridge loans, 30 year landlord loans and transactional funding.
Before You Apply
- Note: We do not lend on owner-occupied properties
- Loan Amount: Minimum of $50,000
- Loan Amount: Maximum of $2,000,000
- Interest Rate: Minimum of 4.25%
Best Features:
- Direct Lender, not a Broker
- Deal Directly with Decision Makers
- Reduced Fees for Repeat Clients
CoHI Capital
Right People. Right Investments
CoHi is a private money lender out of Denver, Colorado.
They specialize in funding properties located along the Front Range, up the I-70 corridor and small ski mountain towns.
They have many specialized loan programs including for renovation, transactional and foreign national lending.
Before You Apply
- Loan Amount: Minimum of $250,000
- Interest Rate: Minimum of 9.5%
- Loan to Value: Maximum of 70%
- Term Length: Maximum of 12 months
Best Features:
- Quick funding, in as little as a few days
- Most property types, including rental apartments, retail and industrial properties
- Competitively priced interest-only loans
South Carolina 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
- 65% to 100%
- Loan to Cost Ratio
- 65% to 100%
- Closing Time
- 1 to 25 days
States Nearby
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