6 Lenders With Best Hard Money Loan Rates In 2024

November 26, 2023

Finding the right hard money lender can make the difference between closing your next profitable deal and watching it slip away to a faster competitor. Traditional bank financing takes 30-60 days for approval—time you don’t have when sellers demand quick closings or competing investors are ready to move immediately.

The hard money lending landscape has evolved significantly. Increased competition has driven many lenders to offer more competitive rates while maintaining the speed that real estate investors require. However, not all hard money lenders deliver on their promises.

Some advertise low rates but fail to close deals when it matters most. Others provide reliable funding but at rates that eat into your profit margins. The key is finding lenders that balance competitive rates with proven execution.

The best hard money lenders understand that your opportunity cost isn’t about interest rates—it’s about whether the deal gets done at all. A slightly higher rate from a reliable lender often proves more profitable than a lower rate from a lender who can’t deliver when you need them most.

Here are the leading hard money lenders that consistently provide competitive rates while maintaining the speed, reliability, and professional service that successful real estate investors demand.

1. The Hard Money Co.

Best for: Real estate investors seeking reliable funding with competitive rates and transparent, professional service

The Hard Money Co. has built a reputation for combining competitive rates with exceptional reliability, funding 30-50 loans monthly from approximately 500 applications while maintaining nearly 200 Google reviews approaching a five-star rating.

Where This Tool Shines

The Hard Money Co. differentiates itself through complete control of its capital stack, meaning all lending decisions are made in-house without outside approvals that can delay or derail closings. This structural advantage eliminates the uncertainty that comes with lenders who must seek external funding approval after initially accepting your application.

Their flexible underwriting criteria allows them to finance properties and situations that conventional banks avoid—distressed properties, unique locations, or complex ownership structures that automated systems reject. With in-house loan servicing from funding through payoff, they maintain consistent communication quality that builds long-term investor relationships.

Key Features & Capabilities

Full In-House Underwriting: All lending decisions are made internally without external approval requirements that create delays.

Transparent Pricing Structure: Clear terms with no surprise fees or hidden conditions that emerge during closing.

Real-Time Loan Visibility: Borrower and broker dashboards provide current status updates throughout the entire process.

Complete Loan Servicing: In-house management from funding through payoff ensures consistent service quality.

Flexible Underwriting Approach: Willingness to evaluate unique property situations that standard formulas would reject.

Best For / Ideal Users

The Hard Money Co. works best for experienced real estate investors who value reliability and professional service alongside competitive terms. Their process appeals to investors who want transparency and clear communication throughout their loan experience, not just promotional rates that may not materialize at closing.

They’re particularly valuable for investors planning multiple deals who want a reliable financing partner they can count on repeatedly, rather than starting from scratch with each new project.

Pricing

The Hard Money Co. provides competitive rates with transparent terms. Specific pricing depends on deal characteristics, property type, and borrower qualifications, with all costs clearly outlined upfront.

2. Lima One Capital

Best for: Fix-and-flip investors and rental property acquisitions seeking technology-driven lending with competitive rates and dual financing options

Lima One Capital positions itself as the nation’s premier private lender for real estate investors, offering customized lending solutions through a technology-focused platform that streamlines both short-term fix-and-flip projects and longer-term rental property financing.

Where This Tool Shines

Lima One Capital distinguishes itself by providing both asset-based lending for fix-and-flip projects and income-based financing for rental properties, giving investors the flexibility to pursue multiple strategies with a single lender relationship. This dual approach eliminates the need to establish separate relationships for different investment types, simplifying your financing infrastructure as your strategy evolves.

Their technology-driven platform enables real-time loan tracking and streamlined document submission, reducing the friction that typically slows traditional lending processes. The combination of digital efficiency with experienced underwriting teams creates a balance between speed and human judgment that benefits investors working on straightforward deals in established markets.

Key Features & Capabilities

Fix & Flip Loans: Short-term financing designed specifically for property rehabilitation and quick resale strategies.

Bridge Plus Financing: Flexible bridge loan options that provide capital for property acquisition and transition periods.

New Construction Loans: Financing solutions for ground-up construction projects and major renovation work.

Rental Property Financing: Longer-term loans structured around rental income and cash flow for buy-and-hold strategies.

Partnership Programs: Dedicated support for mortgage brokers and loan officers who work with real estate investor clients.

Best For / Ideal Users

Lima One Capital works well for investors who appreciate technology-enabled processes and need financing flexibility across multiple investment strategies. Their platform appeals to those comfortable with digital-first experiences who want real-time visibility into loan progress.

The lender’s dual product offering makes them particularly valuable for investors who flip some properties while holding others as rentals, eliminating the complexity of managing relationships with separate lenders for each strategy.

Pricing

Lima One Capital offers competitive rates within the hard money lending space, with specific terms varying based on deal characteristics, property type, location, and borrower qualifications. Their capital stability allows them to maintain consistent pricing even during market fluctuations.

3. RCN Capital

Best for: High-volume investors seeking competitive rates with streamlined processes and reasonable qualification requirements

RCN Capital is a nationwide private direct lender established in 2010 that provides short-term fix & flip financing and long-term rental financing for real estate investors.

Where This Tool Shines

RCN Capital operates as a direct private lender with full in-house approvals, eliminating the delays that come from brokering deals to external funding sources. Their common sense underwriting approach evaluates deals based on practical real estate fundamentals rather than rigid formulas, allowing them to approve situations that automated systems might reject.

Their ability to close loans in as few as 10 business days demonstrates the efficiency of their streamlined processes. This speed comes from controlling their own capital stack and maintaining decision-making authority internally. For investors competing in fast-moving markets where sellers demand quick closings, this timeline advantage can mean the difference between securing a profitable deal and losing it to competitors with faster financing.

Key Features & Capabilities

Dual Product Offering: Both short-term fix & flip loans and long-term rental financing from a single lender relationship.

Nationwide Coverage: Direct lending across multiple states with consistent underwriting standards and service quality.

In-House Approvals: All lending decisions made internally without requiring external funding source approvals.

Fast Closing Timeline: Capability to close loans in as few as 10 business days when documentation is complete.

Flexible Property Types: Financing available for both residential and commercial non-owner occupied properties.

Purchase and Refinance Options: Loans structured for both property acquisitions and refinancing existing investments.

Best For / Ideal Users

RCN Capital works well for investors who need reliable execution with competitive terms, particularly those managing multiple deals simultaneously who value consistent service across transactions. Their reasonable qualification requirements make them accessible to investors at various experience levels while maintaining professional standards.

Real estate professionals, commercial contractors, and developers who need a dependable financing partner for ongoing projects benefit from their established processes and clear communication approach.

Pricing

RCN Capital offers competitive rates in the hard money space, with specific terms varying based on deal characteristics, property type, location, and borrower qualifications. Their transparent pricing approach provides clarity upfront without hidden fees that surprise borrowers at closing.

4. Kiavi

Best for: Tech-savvy investors who prefer digital-first lending experiences with transparent pricing and data-driven decision-making

Kiavi has positioned itself as a technology-forward hard money lender that leverages data analytics and digital platforms to provide competitive rates with streamlined processes for real estate investors.

Where This Tool Shines

Kiavi differentiates itself through advanced technology that transforms the traditional hard money lending experience. Their digital platform provides real-time loan tracking and upfront pricing transparency that eliminates the surprises common with conventional lenders. The data-driven underwriting approach analyzes over 20 unique property factors—including square footage, location, and market dynamics—to generate personalized pricing that often translates to better rates for qualified borrowers.

The platform’s ARV estimator tool helps investors quickly evaluate potential deals before formal application, saving time on properties that don’t meet investment criteria. This technology-first approach appeals to investors who value efficiency and transparency in their financing relationships while maintaining the speed advantages that make hard money lending valuable for competitive real estate markets.

Key Features & Capabilities

Digital Platform Experience: Easy online application and loan management system with real-time status tracking throughout the process.

Personalized Pricing Model: Competitive rates calculated using data analytics that assess property-specific factors rather than one-size-fits-all pricing.

Multiple Loan Products: Fix and Flip loans, Jumbo Loans, New Construction/Infill financing, and DSCR Rental loans for different investment strategies.

ARV Estimation Tool: Built-in calculator helps investors quickly evaluate after-repair values before committing to deals.

Fast Decision-Making: Data-driven underwriting enables faster approvals compared to traditional manual evaluation processes.

Transparent Communication: Clear visibility into rates, terms, and loan progress eliminates uncertainty during the financing process.

Dedicated Support: Professional customer service team provides assistance throughout the digital lending experience.

Best For / Ideal Users

Kiavi works best for investors comfortable with digital-first processes who appreciate having self-service tools and real-time visibility into their loan status. Their platform appeals to data-oriented investors who want to understand exactly how their rates are calculated.

The personalized pricing model particularly benefits investors with strong deals in desirable markets, where the data-driven approach can recognize value that rigid formulas might miss. Investors pursuing multiple strategies—from fix-and-flip to rental properties—appreciate having various loan products available through a single technology platform.

Pricing Approach

Kiavi provides personalized pricing based on competitive rates in the hard money space, with specific terms varying based on the unique characteristics of each property and deal. Their transparent approach shows pricing upfront rather than surprising borrowers later in the process.

5. CoreVest Finance

Best for: Investors seeking comprehensive acquisition and renovation financing with competitive terms and flexible underwriting that considers complete project scope rather than isolated components.

CoreVest Finance provides full-service lending solutions for real estate investors, including both property acquisition and renovation financing through a single lender relationship.

Where This Tool Shines

CoreVest Finance stands out by offering a complete suite of lending products that can cover both property acquisition and renovation costs in one package. This one-stop approach eliminates the complexity of coordinating multiple lenders or funding sources for different phases of your project.

Their flexible underwriting considers your complete investment strategy rather than evaluating acquisition and renovation as separate transactions. This comprehensive view often results in more competitive terms because they understand how the pieces fit together. When you’re buying a distressed property that needs significant work, having one lender who sees the full picture streamlines the entire process and reduces coordination headaches.

Key Features & Capabilities

Multiple Loan Products: Rental loans, bridge loans, new construction financing, and multifamily options provide flexibility for different investment strategies.

Comprehensive Financing: Single lender relationship covering both acquisition and renovation phases simplifies coordination and communication.

Flexible Underwriting: Evaluation considers complete project scope and investor strategy rather than rigid formulas.

Property Type Experience: Extensive work with single-family, small multifamily, and various investment property types.

Competitive Terms: Rates and terms designed for qualified investors and solid deals.

Best For / Ideal Users

CoreVest Finance works particularly well for investors managing complex projects requiring both acquisition and renovation financing. Their approach appeals to those who value working with lenders who understand how different project phases connect.

Investors pursuing multiple property types or strategies benefit from their diverse product offerings. Whether you’re fixing and flipping single-family homes or acquiring small multifamily properties, having access to appropriate financing products from one established lender simplifies your operations.

Pricing

CoreVest Finance offers competitive rates for qualified borrowers and properties, with specific terms varying based on deal characteristics, property type, and investor qualifications. Their comprehensive approach often provides better overall economics than piecing together multiple funding sources.

6. Groundfloor Finance

Best for: Investors seeking competitive rates with emphasis on transparency, efficiency, and straightforward lending relationships

Groundfloor Finance has built a reputation for providing competitive hard money loans with clear terms, efficient processing, and transparent communication throughout the lending process.

Where This Tool Shines

Groundfloor Finance emphasizes transparency in their lending process, providing clear information about rates, terms, and requirements upfront without hidden fees or surprise conditions. They’ve developed efficient systems for processing loans quickly while maintaining competitive pricing that appeals to cost-conscious investors.

Their straightforward approach focuses on building trust through clear communication and reliable execution, making them a solid choice for investors who value honest, professional lending relationships. They understand that successful real estate investing requires predictable, dependable financing partners who deliver on their commitments consistently.

Key Features & Capabilities

Transparent Pricing Structure: Clear information about rates, terms, and requirements provided upfront without hidden surprises.

Efficient Processing Systems: Streamlined loan processing designed for faster closings when timing matters.

Competitive Rate Offerings: Pricing that appeals to cost-conscious investors while maintaining quality service standards.

Professional Communication: Clear, consistent updates throughout the lending process keep investors informed.

Reliable Execution: Focus on consistent closing performance and following through on commitments.

Best For / Ideal Users

Groundfloor Finance works well for investors who prioritize transparency and efficiency in their lending relationships while seeking competitive rates and reliable service. Their approach appeals to investors who appreciate straightforward communication without unnecessary complexity.

The platform suits investors who value knowing exactly what to expect throughout the lending process, from initial application through final closing. Their focus on clear terms and efficient execution makes them a solid choice for investors who want predictable, professional financing partnerships.

Pricing

They typically offer competitive rates in the hard money market, with specific terms depending on deal characteristics and borrower qualifications.

Making the Right Choice for Your Investment Strategy

Selecting the right hard money lender requires evaluating more than just interest rates. The best lenders combine competitive pricing with reliable execution, professional service, and terms that align with your specific investment strategy.

The Hard Money Co. stands out for investors who value relationship-based lending with transparent terms and proven reliability—funding 30-50 loans monthly with in-house decision-making that eliminates external approval delays. Lima One Capital and Kiavi appeal to tech-savvy investors who prefer digital-first platforms with real-time tracking. RCN Capital and CoreVest Finance work well for investors seeking comprehensive financing solutions with flexible underwriting for complex deals.

When evaluating lenders, consider factors beyond rates: closing speed when sellers demand quick action, communication quality throughout the process, flexibility in underwriting for unique situations, and most importantly, the lender’s proven track record of actually funding deals when commitments are made.

The opportunity cost of choosing the wrong lender extends far beyond interest payments—it’s the potential loss of profitable deals when financing falls through at critical moments. A slightly higher rate from a reliable lender consistently proves more profitable than a lower rate from a lender who can’t deliver.

For serious real estate investors ready to secure reliable financing that supports deal-making success, apply today with The Hard Money Co. to access competitive rates backed by professional service, in-house decision-making, and a proven track record of closing deals when it matters most.

Submit Your Application Today