Most lenders structure their loans based on a percentage of the quick-sale value of the subject property. This is called the loan-to-value or LTV ratio and typically hovers between 50-75% of the market value of the property. This changes with the economy, strength of the deal and borrower. The LTV can also go much higher if you have other properties to cross collateralize or other assets the lender may see as desirable. We have seen instances of a large wine collection, art and coins to name a few. If you are buying an investment property remember that having “skin in the game” is crucial to getting your loan. The term “skin in the game” refers to having a vested interest in the property or investment. Every lender wants you to having something to lose if the loan goes south. Think of it like this, would you sell your house to someone for just a monthly payment with no money down. Sounds like a risky venture, right? Hard Money Lenders think the same way. Typically hard money or private money loans close quickly with localized lenders. This is one of the most important parts of the equation. A local lender knows your area and therefore has a greater comfort level. Many times a local lender can make a decision on the spot and forgo the appraisal and other due diligence factors a lender who is far away can’t. If you are looking for a hard money loan on an investment property, a hard money residential refinance, a land loan or a commercial transaction you need to talk to the lenders below. They can provide you with the facts on how to get your hard money loan. Most are strictly based on LTV (Loan-to-Value Ratio) and can fund quickly. They are waiting for your call and have money to lend you today.

Welcome to HardMoneyHunt.com, your premier destination for connecting with trusted hard money lenders in Detroit, Michigan. Whether you’re a seasoned real estate investor exploring the opportunities in the Motor City or seeking investment prospects in the surrounding areas, our platform simplifies the process of finding reputable hard money lenders tailored to your unique needs. Explore our curated list of Detroit hard money lenders and embark on your journey to secure the funding you need for your next venture.

Detroit, known as the “Motor City” and the birthplace of the American automotive industry, is undergoing a renaissance. With its rich history, diverse neighborhoods, and cultural attractions, Detroit offers a unique blend of opportunity and innovation. From its iconic downtown skyline and historic districts to its emerging neighborhoods and waterfront developments, Detroit presents a wide range of investment opportunities for savvy investors. Our network of hard money lenders in Detroit understands the local market intricacies and offers flexible financing options to match your project’s demands.

In the competitive realm of Detroit real estate, timing is crucial, and our hard money lenders prioritize speed and efficiency. With streamlined processes and quick turnaround times, funding is often available within days of approval. Whether you’re seizing an investment opportunity in the revitalized downtown area, renovating properties in historic neighborhoods like Brush Park or Indian Village, or developing projects in emerging areas like Corktown or Midtown, their expedited services ensure you won’t miss out on lucrative deals.

Transparency and flexibility are hallmarks of our Detroit hard money lenders. They work closely with borrowers and brokers, offering clear communication and personalized support throughout the loan process. Whether you’re navigating complex financial scenarios or seeking creative financing solutions, their expertise and dedication ensure a smooth lending experience.

The lending criteria of our Detroit hard money lenders are designed to accommodate a variety of projects and financial profiles. Whether you’re investing in residential properties, commercial developments, or mixed-use projects, they’re committed to finding a financing solution that aligns with your investment goals and objectives.

Explore our list of Detroit hard money lenders and take the first step towards realizing your real estate ambitions in this dynamic and evolving city. With their industry expertise, flexible financing options, and dedication to client satisfaction, you can confidently pursue your investment goals and unlock the full potential of the Detroit real estate market.

Discover why Detroit remains a top destination for real estate investment and development. Connect with our network of hard money lenders today and access the funding you need to propel your projects forward in this iconic American city.

10 other Detroit hard money lenders:

The Hard Money Co.: This Detroit-based lender is known for its fast closings (7-10 days), interest-only payments, and flexible terms. They cater to various investment strategies like buy-and-hold, fix-and-flip, and BRRRR.

New Silver Lending: Established in 2019 and serving Detroit, they offer diverse private money lending products, including fix and flip, rental, ground-up, and personal loans. Key features include a 1.875% origination fee, up to 90% loan-to-cost, and 100% construction financing options.

Hard Money Global: Based in Detroit, this lender offers residential, commercial, and personal loans. Their fix-and-flip loans provide leverage up to 90% of the purchase price and 100% of rehab costs, with 12-month terms. No experience or credit checks required.

Direct Lending Partners: This local lender specializes in hard money loans for fix and flip, rental, and multifamily properties in Detroit.

Park Place Finance: With a focus on Detroit, they provide fast and flexible funding for real estate investors, specializing in fix and flip, bridge, and rental property loans.

Great Lakes Funding: A Michigan-based lender with a strong presence in Detroit, they offer hard money loans for various real estate investment strategies, including fix and flip, rental, and commercial properties.

Michigan Hard Money: Another local lender focusing on Detroit, they provide hard money loans for fix and flip projects, with a reputation for quick closings and competitive rates.

Michigan Private Lending: Specializing in Detroit’s real estate market, they offer hard money loans for fix and flip, rental, and new construction projects.

Detroit Lending Solutions: A Detroit-based hard money lender with experience in the local market, they offer customized loan solutions for real estate investors.

Superior Funding Group: A Michigan-based lender offering hard money loans for various real estate investment projects in Detroit, including fix and flip, bridge, and rental property loans.