Hard Money Lenders Indiana
Fast Indiana Hard Money Loans
Ready to close in less than a week
- Interest rates 10 – 12.75%
- Credit score 650+
- Loan-to-Cost Up to 90%
- No income verification
- Get approved online in 5 minutes
- Instant proof of funds letter
- Interest only payments
Need financing for your upcoming real estate project? Get approved for a hard money loan in 5 minutes using our online application
Need funding fast? Look no further than New Silver. New Silver has the perfect selection hard money loans for property investors in Indiana.
New Silver has a variety of different hard money loan products available to suit the needs of any property investor. Run by a team of experienced real estate professionals, our loans are ideal for real estate investors in IN.Get Approved Online
Fix & Flip
For house flippers hoping to purchase a fixer upper to renovate and resell in Indiana. Interest rates from 10 – 12.75%, Loan-To-Cost up to 90%, with loan terms up to up to 24 months. Hard Money Refinance Loans also available.
- Get up to $5,000,000
- Interest rate 10 – 12.75%
- Origination fee from 1.875%
- Up to 100% construction
- More info
30-year rental loans for stabilized rental properties. Ideal for investors hoping to acquire an investment property. Interest rates from 7.5, loan-to-purchase price up to 80%. Built for buy and hold investors that purchase rental properties.
- Get up to $3,000,000
- Interest rate 7.5
- Origination fee 2-3%
- 30-year fixed rate
- More info
Designed for residential builders, our ground up construction loans can finance up to 90% Loan-to-Cost (LTC). Interest Rates from 10 to 13.25%
The perfect solution for builders in Indiana that need quick access to capital to fund construction costs.
- Get up to $5,000,000
- Interest rate 10 - 13.25%
- Origination fee from 1.875%
- Up to up to 24 months
- More info
Indiana Hard Money Lenders
Getting a traditional loan is a slow, drawn-out and exhausting process. At New Silver, our hard money loans are designed for real estate investors that value speed, efficiency and transparency. Offering house fix-and-flip, fix-to-rent and construction loans, our team of experienced real estate experts are available to get you the capital you need to acquire investment properties.
New Silver is unlike other hard money lenders in Indiana. As licensed real estate investment professionals, we know what real estate investors need: quick and easy online applications, terms of up to twenty-four months and most of all, fast loan closing and attractive rates. At New Silver, we specialize in hard money loans for single-family residential, but we can also cater to multi-family and commercial real estate projects. Contact our Indiana hard money lending team today to find the best hard money loan fit for your project.
Ultimately, if you need fast closing Indiana hard money loans with competitive interest rates, New Silver is the hard money lender for you.
New Silver lends in these cities:
- Fort Wayne
- South Bend
- Terre Haute
- And More
Indiana House Market Overview
Average Home Value
1-Year Home Appreciation
1 Bedroom Rent
Average 3 Bedroom Rent
Homes In Indiana Are More Affordable Than Most States: The median sale price in Indiana is $222,592. This is $112,000 less than the median sale price in the US ($334,269). These numbers indicate that homes in Indiana are affordable by US standards. This can be very appealing to first time home buyers hoping to take their first step on the property ladder.
Median Home Price by MSA
|Median Home Price
Indiana Real Estate Market Analysis
The Indianapolis Market Is Performing Well: It’s crystal clear that home values are highest in Indianapolis ($301,400), with Gary ($257,500) being the only other area with a median value over $250,000.
Based on this, it’s probably best to research these areas first if you are hoping to maximize the potential profit that you can make when executing a real estate deal. The higher home values will have a direct impact on the resale value of the property after renovations have been completed.
Appreciation Rates Are Solid Across Indiana: All of the key metro areas in Indiana currently have a home appreciation rate that exceeds the US national average of 8.6%. This includes Fort Waye (9.5%), Gary (10.5%), Indianapolis (12.0%) and South Bend (11.1%).
This is reassuring for property investors, due to the equity gains that an investor can realize just by holding a property for an extended period of time.
Indiana Real Estate Investor Associations
Reasons to Fund Your Investment Property with New Silver
It doesn’t matter if you are a buy and hold investor or a house flipping specialist. New Silver is one of the highest-rated Indiana hard money lenders, with a selection of real estate loans perfectly matched to meet your real estate investing needs. Unlike a conventional mortgage which can take ages to complete, our hard money loans can be approved online in less than 5 minutes, with an instant proof of funds letter to help real estate investors secure the purchase. We are ready to help you purchase investment properties with fast closing hard money loans.
Frequently Asked Questions
Yes, New Silver is a private money lender that provides asset-based hard money loans at scale. With asset-based lending, the underwriting process can be more lenient than conventional lenders. With a private money loan, the underlying value of the asset is more important than the financial background of the investor when setting the terms of a private money loan.
As a result, the financing and credit score requirements of a private money are less stringent, income verification is not needed and the debt-to-income ratio of the borrower doesn’t matter. Plus, we can get your hard money loan approved and closed within 7 days.
Yes. We offer ground-up construction loans for real estate investors that build single family (1-4 unit) residential properties.
Yes. Our fix and flip loans can act as a bridge loan for real estate investors with a loan term ranging from 6 to 24 months in duration. More information can be found on the loan product page, together with the maximum loan amounts available.
It is also worth pointing out that a short term hard money loan is effectively a bridge loan, albeit with the express purpose of helping real estate investors flip properties.
The main reason hard money loans have higher interest rates than traditional loans is because of the risks involved in the transaction. Unlike a residential home purchase, a fix and flip project could run over budget or the property market could take a turn for the worse, making the property difficult to sell quickly.
In other words, you could potentially lose money with a fix and flip. This risk is applicable to the borrower and the lender that provides the private money loan. The higher interest rate compensates for this risk, which most conventional lenders are unwilling to take on. Hard money lenders effectively fill the gap, using an asset based lending model to fund real estate deals.
The origination fee (loan points) is usually between 2-3%, but this varies with each deal. To work out the expected monthly payments, it is best to use our hard money loan calculator.
On this point, it is also worth noting that the monthly payment of all New Silver hard money loans work on interest only payments. This helps reduce the cash flow burdens of the investor while the project is underway. Interest only payments are one of the best benefits that you can unlock by working with a reputable hard money lender like New Silver.
In short, yes. While the credit requirements of hard money lenders are not as stringent as a traditional lender, we do review the credit history of all our borrowers. If you’re worried about bad credit, it is best to look at our hard money loans product page to see if New Silver is a good fit for your needs.
You should find that our interest rates are lower than other private money lenders. In addition, we don’t require income verification during the credit history check.
Right now, we do not specialize in commercial hard money loans. With that being said, our maximum loan amount should be big enough to cover both residential and commercial projects.
Where We Lend
Hard Money Loans Across The US
- District of Columbia
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Rhode Island
- South Carolina
- South Dakota
- West Virginia
Apply for a loan at New Silver today!
Ready to get started with your loan from New Silver? Get approved quickly.