Hard Money Loans in Cleveland, OH
Find lenders offering hard money loans in the Cleveland, including Akron, Lakewood, Parma, and surrounding areas. Compare rates, terms, and programs from 15 lenders.
Hard Money Lenders Serving Cleveland
15 lenders offering hard money loans in the Cleveland, OH area.
Anchor Loans
Thousand Oaks, CA
One of the largest hard money lenders in the US. Fix-and-flip, bridge, and rental loans. Fast closings with competitive terms for experienced investors.
Broadmark Realty Capital
Seattle, WA
Private real estate lender offering bridge, construction, and land loans. Now part of Ready Capital. Loans from $500K to $25M+.
Civic Financial Services
Redondo Beach, CA
Private money lender for residential investment properties. Bridge and DSCR rental loans. Subsidiary of Pacific Western Bank.
Constitution Lending
NJ
Hard money lender focused on new investors. Fix-and-flip and bridge loans with 9.5-12% rates. No experience required. Up to 90% LTV for renovation.
Easy Street Capital
Austin, TX
Investment property lender specializing in fix-and-flip, bridge, and DSCR rental loans. Loans approved in 24 hours, close in 48 hours. Min credit score 600.
Groundfloor
Atlanta, GA
Real estate lending platform offering fix-and-flip and bridge loans. Crowdfunding model provides competitive rates for borrowers.
Lending One
Boca Raton, FL
National direct lender for real estate investors. Fix-and-flip, bridge, and 30-year DSCR rental loans. $5B+ in originations.
New Silver Lending
FL
Direct lender for real estate investors. DSCR loans with no minimum DSCR requirement. Also offers fix-and-flip, bridge, and construction loans.
Park Place Finance
TX
Direct private lender with 17+ years experience. $1B+ in loans closed. Bridge loans for fix-and-flip, refinance, and cash-out.
RCN Capital
South Windsor, CT
Nationwide private lender for fix-and-flip, bridge, and rental loans. Fast closings and flexible terms.
Residential Capital Partners
TX
Hard money lender offering up to 85% LTV with no down payment option. Rates starting at 8.5%. Mixed-use, single-family, and multifamily.
Stbridge Capital
Los Angeles, CA
Private money lender in California. Bridge, fix-and-flip, and ground-up construction loans. Fast closings for experienced investors.
Tidal Loans
Houston, TX
Texas-based private money lender. Hard money, bridge, and DSCR rental loans for real estate investors nationwide.
Aloha Capital
HI
Private lender offering DSCR rental loans with up to 80% cash-out refinance. Also provides bridge and fix-and-flip financing for investment properties.
Temple View Capital
UT
Private lender offering DSCR rental loans, bridge financing, and fix-and-flip loans for real estate investors. Fast closings with flexible qualification criteria.
Cleveland Commercial Real Estate Market
Cleveland's CRE market is defined by its healthcare and advanced manufacturing strengths, with the Cleveland Clinic and University Hospitals together forming one of the largest medical employment clusters in the country. The Health-Tech Corridor along Euclid Avenue from downtown through University Circle has attracted life sciences startups, medical device companies, and research facilities, creating a specialized submarket with growing lab and R&D space demand. The downtown core has seen meaningful residential conversion activity in the Warehouse District and East 4th Street area, while the lakefront around North Coast Harbor is positioned for long-term redevelopment. The I-77 and I-480 corridors through Independence and Brecksville form the primary suburban office submarket, while industrial demand remains anchored by the steel, polymer, and automotive supply chain along the I-90 corridor east toward Mentor.
Key Economic Drivers
- ●Cleveland Clinic's global healthcare operations and research campus driving medical office and life sciences demand
- ●NASA Glenn Research Center and its aerospace technology cluster supporting specialized industrial tenants
- ●KeyBank and Progressive Insurance headquarters sustaining downtown and suburban office absorption
- ●Port of Cleveland and steel/polymer manufacturing base generating industrial CRE demand along the I-90 corridor
Market Insight
Ohio's Historic Preservation Tax Credit program, which offers a 25% state credit on qualified rehabilitation expenditures, has been particularly impactful in Cleveland, where over $5 billion in historic building rehabilitations have been completed in the downtown and University Circle areas.
Hard Money Loans in Cleveland, Ohio
Hard money loans are short-term, asset-based loans primarily secured by real estate. Funded by private investors or companies rather than banks, they prioritize the property's value over the borrower's creditworthiness. Ideal for fix-and-flip, distressed properties, and deals that need to close fast. In the Cleveland metro area, borrowers can access 15 lenders offering Hard Money financing, including Akron, Lakewood, Parma, and surrounding areas. Loan amounts typically range from $50K to $10M with rates from 10% - 15%.
Who Should Consider Hard Money Loans?
- Fix-and-flip investors
- Distressed property acquisitions
- Borrowers with credit issues
- Deals requiring immediate close
Key Requirements
- Property as collateral (LTV 60-75%)
- Exit strategy
- Down payment or equity
- Property appraisal
Advantages
- ✓Fastest closing (days, not weeks)
- ✓Credit score less important
- ✓Flexible terms
- ✓Finance distressed properties
Considerations
- •Highest interest rates
- •Short terms
- •High origination fees (2-5 points)
- •Requires strong exit strategy
Hard Money Loans in Other Ohio Cities
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