Indy Private Lending

I am a direct private mortgage lender providing hard money and bridge loans on investment properties at low LTVs and low rates. I lend on as-is value, not ARV.

Loan terms will vary based on borrower and property but typically are:

• Maximum LTV of 50 - 70% based on as-is value.
• Standard rate of 10% and 2 points.
• No origination fees except pass through charges (such as drafting of mortgage and note).
• Approval in as little as 24 hours.
• Loan sizes from $10,000 to $1,000,000.
• Terms of 6 months to 5 years.
• Flexible payment schedules including interest and balloon only.
• Investors only, no owner occupants.
• First lien position only.
• Full recourse and personal guarantee required.
• Cross collateralization available.
• Indianapolis and surrounding areas only.

I also work with mortgage brokers and buy performing and non performing notes.

Pricing

Contact

You can contact me using the contact form below or by phone at (317) 606-3200.

For loan requests please include the property address, the amount you are looking to borrow and the purpose of the loan.

FAQ

Are you a direct lender?
I am a direct private lender, not a broker or middleman for a fund or institution.

What kind of property do you lend on?
I am most comfortable with 1-20 unit residential rental properties and flips (SFHs, duplexes, triplexes, fourplexes and small multifamily apartment buildings) but I will consider commercial on a case by case basis.

How quickly can you close?
I do my own underwriting in house, so I can approve a loan in as little as a day and close as soon as title work is completed. As such I can accommodate time sensitive situations such as auction properties and transactional funding.

What do I need to qualify?
All qualifications are done on a case by case basis but I like to see real estate experience, good credit and income and no previous foreclosures or lawsuits.

What documentation do you require?
Documentation requirements are determined on a case by case basis, but because I focus on asset/equity based loans, in most cases I require minimal documentation (such as tax returns, W-2s, etc).

Do you require an appraisal or inspection?
I rarely require appraisals or inspections. In some cases I may require a walk through.

What payment schedules do you offer?
I can offer monthly interest only payments or negative amortization (on some deals) with a balloon payment on maturity.

Can you fund rehab?
I lend strictly on the current, as-is value of the property. You can use the loan proceeds to fund a rehab or BRRR deal, but the LTV will not be based on the after repair value.

What is your minimum loan amount?
I can go as low as $10,000, however on small loans I may charge a minimum interest payment.

Can I use multiple properties as collateral?
Yes, I can cross-collateralize additional investment properties under a blanket / portfolio loan to increase your total borrowing power.

Are there prepayment penalties if I pay the loan off early?
I do not charge prepayment penalties. You can pay off the balance at any time.

Do you lend to entities such as LLCs?
Yes, but I require a personal guarantee on loans to entities.

Where do you lend?
I mostly lend in Indianapolis / Marion County (including Beech Grove, Speedway and Lawrence) and surrounding areas, including Hamilton County (Fishers, Carmel, Noblesville, Westfield), Johnson County (Greenwood, Franklin), Hendricks County (Plainfield, Avon, Brownsburg), Hancock County (Greenfield), Boone County (Zionsville, Lebanon), and Delaware County (Muncie). Other areas may be considered on a case by case basis.

Do you work with mortgage brokers and real estate agents?
Yes, regularly. If you have an investor client whose deal doesn't fit conventional or DSCR underwriting standards or needs to close fast, I can help.

Do you buy real estate notes?
Yes, I can purchase performing and non-performing notes secured by real estate as long as they fit my criteria.

Testimonials

Sam and his team were great to work with. Fast response time and smooth sailing throughout the whole process. Great experience!
Luke Swift, Mainstay Property Group

They are easy to work with, experienced and are expeditious with their process. I highly recommend Indy Private Lending and I will continue to refer them business. You couldn't ask for a better local lender!
Josh Mclain, Approved Mortgage

Indy Private lending has been super helpful with affordable rates. Clean and easy, straight forward process, zero hassle. 5 stars.
Ryan Mullin, FS Houses

I've had a great experience working with Indy Private Lending. They financed one of my current flip projects, and the entire process was straightforward from start to finish.
Steve Lehman, Homefront Real Estate

Resources

Rental Property Analyzer - Our free rental property analysis tool.
FS Houses - I recommend FS Houses for property management and brokerage.
Lehman Real Estate Consulting - I recommend Steve Lehman for consulting and property walk-throughs.
Langdon Mortgage - I recommended Andrew Franklin at Langdon Mortgage for conventional financing.
Midwestern Technology - My website management and hosting company.