Top Markets for Hard Money Loans

Hard money loans are most popular in the following cities. Atlanta, Las Vegas, Los Angeles, Phoenix, Salt Lake City, Tampa, and San Diego.

Atlanta hard money loans are typically made by local or regional lenders. Atlanta is a unique market in that there are a number of larger hard money lenders in the city. While there are a few lenders in Atlanta that don’t look at credit score, most do pay some attention to the borrower’s credit score. Atlanta also is one of the markets with the most aggressive hard money lenders with some lending investors as much as 80% of the after repaired value of a property.

Charlotte hard money loans are typically made by local lenders. There are a few larger hard money lenders in Charlotte but most hard money in the city comes from wealthy families.

Tampa hard money lenders are more regional in nature. Most Tampa hard money lenders are also lending in Orlando and Jacksonville. Tampa hard money has become more conservative since values have stabilized in the city. Investor rehab loans are particularly easy to find with a number of competitors. Watch out for the hard money lenders that are also wholesalers. These lenders are happy to either lend you money or take your property.

Other smaller cities where you find hard money lenders include Greenville, Spartanburg, and Birmingham. Each of these cities are challenges for investors trying to find hard money. Most hard money in these cities comes from wealthy families.

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