Get the Financing You Need With Hard Money Lenders Philadelphia HardMoneyMan.com
As one of the go-to hard money lenders in Philadelphia PA, HardMoneyMan.com offers hard money loans in Philadelphia with fair terms and a fast process. Click the button to get started by sending a few quick pieces of info.
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Hard Money Lenders Philadelphia for Real Estate Investing
Investing in real estate and renting out properties is in high demand in Philadelphia, making it one of the best markets for flipping houses in the US. Investing in Philadelphia real estate can produce a 40-50 percent return on investment (ROI), according to Zillow.
Due to their popularity among millennials and sustained house price increases since 2019, Rittenhouse Square, University City, Fairmount, and Fishtown have been particularly strong markets to flip houses. There are also Kensington/Port Richmond, Northern Liberties/Olde Kensington, and Central Germantown and Northern Germantown that could be good neighborhoods for flipping in Philadelphia. Property flippers looking for good returns on their investments have been investing in these neighborhoods with an increase in home prices and a decrease in days on market (DOM).
Philadelphia real estate investment opportunities in 2023 are located near universities and downtowns. Younger buyers are typically drawn to these areas since they are near amenities like restaurants, cafes, and shops.
For those investing in Philly real estate, Rittenhouse Square, University City, Fishtown and Fairmount are all popular neighborhoods. In addition to these areas, investors may also want to consider South Kensington or Germantown, which offer more affordable investment options with a good return on investment.
Because of the high demand for housing in areas such as Old City and Queen Village, investors can find good long-term investments in these areas. Holme Circle, Manayunk/Roxborough, West Philadelphia/Powelton Village, and Northern Liberties/Fishtown are other emerging areas to consider. For investors seeking to capitalize on Philadelphia’s rental income growth in 2023, all of these neighborhoods have experienced significant rent growth over the past few years.
Private Hard Money Lenders Philadelphia PA
HardMoneyMan.com, LLC began lending on investment properties to real estate investors in Philadelphia in 1998. We have made over 3,000 loans in Philadelphia Pennsylvania since our inception and we pride ourselves on being second to none on knowing our real estate market, in customer service, transparency and terms when it comes to hard money loans. We make loans in all of Philadelphia. Our niche are fix and flip loans in Philadelphia, ground up spec construction as well as 5+ unit residential loans. We also lend to local builders that are putting up new housing.
Being rehabbers ourselves, this is a huge benefit to our borrowers as we know what challenges many borrowers run into when dealing with lenders and we try to make sure those are avoided at all costs. There are unique opportunities and challenges in Philadelphia and its investors are taking advantage and dealing with them of them every day.
Philadelphia Hard Money Lenders – Why Choose Us?
We're in the Business
We’ve rehabbed, sold and rented investment properties ourselves. We know what to look for so you can be confident that your project will result in profit.
We're a Direct Lender
We loan the money. We don’t find the money form someone else. This means you can rest easy knowing that if we approve your loan, it’s going to get funded. No surprises.
We're Fast and Efficient
We can give you preliminary approval in as little as 24 hours and have your loan closed and paid out in less than 7-10 days. We’re the most efficient hard money lender in Philadelphia.
We're Investor Focused
We consider you our partner and we want you to make money. We make it a point to look at our loans from all angles to make sure you’re going to get a fair return.
Philadelphia Hard Money Real Estate Market
Foreclosure Rates for Philadelphia PA
Investors who want to find deals from foreclosure properties can consider these statistics to understand the Philadelphia real estate market for pre-foreclosures, auctions, and bank-owned properties.
As one of the top hard money lenders in Philadelphia, we work with investors every day who are looking for foreclosure opportunitites.
Sale Prices in Philadelphia PA
Real estate sales in Philadelphia still support an active fix/flip market. You want to closely monitor your average days on the market because when you are flipping properties, this is the best indicator of how long it will take you to sell once the property is completed.
As one of the top hard money lenders in Philadelphia, we work with investors every day who are looking for flip/rehab opportunities in Philadelphia.