The #1 Michigan Hard Money Loan Lenders!
Michigan Ave. building highlighting our lender's direct hard money financing
offerings
We serve all of the main metropolitan cities in Michigan, including: Detroit, Grand Rapids, Warren, Flint, Sterling Heights, Lansing, Ann Arbor, Livonia, Dearborn, Clinton, Westland, Farmington Hills, Troy, Southfield, Kalamazoo, Canton, Waterford, Wyoming, Rochester Hills, Pontiac, Taylor, Shelby, West Bloomfield Township, St. Clair Shores, Saginaw, Royal Oak, Dearborn Heights, Battle Creek, Redford, Roseville, Novi, East Lansing, Kentwood, Portage, Bloomfield Township, Midland, Muskegon, Lincoln Park, Bay City, Jackson, Holland, Eastpointe, Port Huron, Madison Heights, Burton, Southgate, Inkster, Garden City, Garden City, Oak Park, Allen Park and many of the smaller towns as well in MI. Also check out our Michigan background check and Michigan License Plate Search tools.
Here are some Michigan specific hard money financing facts:
To date, now in 2009, over 350 conventional mortgage lenders have closed their doors due to reduced liquidity. This has reduced borrowing opportunities for MI borrowers considerably. LVHardMoney stands firm with our list of lenders that still have liquidity and continued lending abilities.
You can get a hard money loan to purchase and renovate properties throughout Michigan, as well as refi's, purchases and other property types. Hardmoney loans require minimal documentation and we you can often finance up to 100% of your deal! This includes purchase, renovations and closing costs up to 60% of the after repaired value. Hard money is reliable, fast, convenient and simple to get.- Usually no minimum loan size and can usually fund up to $100M.
- Interest Rates of 10-14% are typical for MI properties
- No prepayment penalty is an option - Interest only payments if requested
- One to Five points is typical however a minimum of $5000 in total fees usually applies
- Borrow up to 70% of the Appraised value or the after repaired value for rehab hard money loans.
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