Watch this short video to see how Hard Money Lenders Philadelphia HardMoneyMan.com Can help your real estate investing business

Why us as your Hard Money Lenders Philadelphia? Experience Matters

Since 1998, we have been the #1 source as Hard Money Lenders Philadelphia. HardMoneyMan.com LLC has been the most reliable source of financing for real estate investors. We have a track record that speaks for itself:

• The amount we’ve funded in real estate transactions has reached billions.
• More than 26,000 loans funded for investors: More than 26,000 loans have helped investors achieve their goals.
• We are more than just lenders; we are active real estate investors and landlords.

Our expertise in  is tailored to your needs

With 25+ years of experience, we know what investors need in a lending partner. No matter how experienced or how new to investing you are, we have something for you:

• Whether you’re looking for a fix-and-flip loan or rental property financing, we have programs tailored to meet your needs.
• Nationwide Reach: We’ve worked with thousands of real estate investors across 45 states and Washington D.C.
• Hard Money Borrowers Ourselves: Having borrowed hard money in the past, we’ve tailored our programs to address investor pain points.

Authority and Trust

• American Association of Private Lenders Member: Our commitment to industry standards and ethics is unwavering.
• Straightforward Approach: While we’re an East Coast lender, we don’t beat around the bush. Expect candid advice—we shoot from the hip. Transparency is our hallmark.

At HardMoneyMan.com LLC, we’re not just lenders; we’re your partners in real estate success. Trust us to deliver the good, the bad, and the ugly—because that’s how we conduct business.

What is your process to get a Hard Money Loan in Philadelphia? 

1. Send us your loan scenario with all details so we can price it out for you and let you know the maximum loan to value, interest rate and term.
2. We will send you a complete breakdown of our hard money loan or DSCR loan offer. 
3. If you accept our offer, we will send you our loan package to complete along with a list of documents that need to be submitted. 
4. Once we receive the application package, the file will be entered into our portal and we will send you a docusign for credit/background check authorization as well as a link to pay for the appraisal. 
5. Appraisals take 3 days for a rush and 5 days (business days) for a regular appraisal. 
6. Once the appraisal is in, assuming the borrower has submitted all requested documents, the file will go into underwriting. Underwriting turn time is a few hours to 24 hours. 
7. Once the file is approved to close, it will go to our attorney, who will reach out to the title company with closing instructions. 
8. Fix and flip loans close in 7-8 days, ground up construction loans close in 8-10 days and 30-year DSCR rental loans close in 14 days or less. 

Can you provide an example of when someone might use a hard money lender in Philadelphia?

Here’s an example scenario where someone might use a hard money lender:

Imagine a real estate investor who comes across a distressed property at a great price. The investor believes that with some renovations, the property’s value will significantly increase. However, traditional banks take too long to process loans, and the investor risks losing the opportunity. In this situation, the investor could turn to a hard money lender. The lender would assess the property’s value, and if it meets their criteria, they would provide a short-term loan to purchase and renovate the property. Once the renovations are complete, the investor can either sell the property or refinance it with a traditional loan, paying off the hard money loan. This way, the investor leverages the speed and flexibility of hard money financing to seize a profitable opportunity.

What do Hard Money Lenders Philadelphia offer for Real Estate Investors?

Hard money lenders Philadelphia provide financing options tailored to the needs of real estate investors. These lenders specialize in short-term loans secured by real estate, making them ideal for various investment scenarios:

1. Fix and Flip Loans:
   • Designed for investors purchasing distressed properties to renovate and resell.
   • Competitive rates and flexible terms.
   • Funding for property acquisition and renovation costs.
2. New Construction Loans:
   • Ideal for ground-up construction projects.
   • Short-term financing to cover construction expenses.
   • Based on the property’s value after completion.
3. Bridge Loans:
   • Bridge the gap between property acquisition and long-term financing.
   • Quick approvals and fast funding.
   • Useful for investors transitioning between properties.
4. Rental Property Loans:
   • Financing for purchasing or refinancing rental properties.
   • Options for single-family homes, multi-unit properties, and apartment buildings.

What loan programs does HardMoneyMan.com LLC offer as Hard Money Lenders Philadelphia? 

HardMoneyMan.com LLC, a reputable hard money lender based in New Jersey, offers a range of loan programs tailored to real estate investors in Philadelphia:

1. Fix and Flip Loans:
   • Loan Term: 12-24 months
   • Loan Amount: $100,000 to $3 million
   • Loan-to-Value (LTV):
     • Up to 75% of the initial advance
     • Up to 90% total loan-to-cost (LTC) based on the purchase price
   • Rates: Start at 7.99% to 12%
   • Qualification Requirement: Must have 2 or more new build and sale in the last 36 months to qualify
2. Construction Loans:
   • Ideal for Ground-Up Projects:
     • Financing for new construction and development.
     • Short-term loans to cover construction expenses.
   • Flexible Terms:
     • Based on the property’s value after completion.
     • Quick approvals and efficient funding.
3. Rental Property Loans:
   • Loan Types: 5/1 ARM, 7/1 ARM, 10/1 ARM, 30-Year Fixed
   • Loan Amount: $50,000 to $2 million
   • Loan-to-Value (LTV):
     • Up to 80% on purchases
     • Up to 75% on refinances
   • Credit Requirement: 660 mid-credit or better
   • Interest-Only Options Available

HardMoneyMan.com LLC’s expertise and commitment to real estate investors make them a trusted choice for financing in Philadelphia. 

How can hard money lenders Philadelphia help me further my real estate investing career?

Hard money lenders play a crucial role in advancing your real estate investing career. Here’s how they can help:

1. Quick Financing: When you spot an excellent investment opportunity, hard money lenders provide rapid access to capital. Unlike traditional banks, which may take weeks to approve a loan, hard money lenders can fund your project within days. This speed allows you to seize time-sensitive deals and beat competitors.
2. Flexibility: Hard money loans are asset-based, meaning they focus on the property’s value rather than your credit score. This flexibility enables you to secure financing even if your credit history isn’t perfect. As you build your real estate portfolio, hard money lenders become valuable partners, supporting your growth and diversification.

What areas in Philadelphia should I invest in as a Real Estate Investor?

As a real estate investor, you’ll find several promising neighborhoods in Philadelphia. Let’s explore some of the top areas for real estate investments in 2024:

1. Fishtown: Situated along the Delaware River, Fishtown has become a magnet for the city’s young and artistic demographic. With a steady increase in home prices over the past few years, Fishtown is an attractive option for real estate investors.
2. Brewerytown: Located in North Philadelphia along the Schuylkill River, Brewerytown has garnered attention from investors. Former breweries have been transformed into modern housing, providing residents with proximity to Center City at relatively lower prices.
3. Olde Kensington: Nestled between Fishtown and Northern Liberties, Olde Kensington has undergone significant revitalization, attracting millennial renters and homebuyers.

Remember to conduct thorough research and consider factors like property values, rental demand, and development projects when making your investment decisions