Hard Money Loans in Scranton, PA
Find lenders offering hard money loans in the Scranton, including Wilkes-Barre, Hazleton, and surrounding areas. Compare rates, terms, and programs from 15 lenders.
Hard Money Lenders Serving Scranton
15 lenders offering hard money loans in the Scranton, PA 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.
Scranton Commercial Real Estate Market
Scranton's commercial real estate market has shifted from its legacy coal-mining economy to one driven by warehouse and distribution operations, healthcare, and higher education. The I-81 corridor through Lackawanna and Luzerne counties has attracted major logistics operations, including facilities for Chewy, Amazon, and TJX Companies, as distribution tenants seek lower land costs relative to the Lehigh Valley and northern New Jersey. Downtown Scranton has seen modest revitalization through historic tax credit projects converting former commercial buildings into mixed-use properties, with the University of Scranton serving as a key urban anchor. The Wilkes-Barre adjacent market adds scale, with the Mohegan Sun Pocono casino-resort and Wyoming Valley Mall submarket generating hospitality and retail demand.
Key Economic Drivers
- ●I-81 industrial corridor attracting e-commerce and third-party logistics distribution centers
- ●Geisinger Health System and Commonwealth Health regional hospital networks
- ●University of Scranton, Marywood University, and Wilkes University providing institutional demand
- ●Mohegan Sun Pocono and Poconos tourism driving hospitality property investment
Market Insight
The Scranton-Wilkes-Barre market offers warehouse rents and land costs that are 30-50% below the Lehigh Valley, making it an increasingly attractive option for logistics operators willing to locate slightly farther from the New York metro area.
Hard Money Loans in Scranton, Pennsylvania
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 Scranton metro area, borrowers can access 15 lenders offering Hard Money financing, including Wilkes-Barre, Hazleton, 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
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