I provide hard money and bridge type loans at low LTVs and low rates. I lend on as-is value, not ARV.
Loan terms will vary based on property and borrower experience but typically are:
- Maximum LTV of 70%.
- 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 $30,000 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
| Me | Hard Money | |
|---|---|---|
| Fees | $0 | $2,000 - $5,000 |
| Points | 2 Points | 2 - 5 Points |
| Rate | 10% | 12 - 15% |
| Maximum LTV | 50 - 70% | 70 - 100% |
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
What kind of property do you lend on?
We can lend on anything but we are most comfortable with 1-20 unit residential properties.
How quickly can you close?
Usually we can approve a loan within a couple of days and close as soon as title work is completed.
What documentation do you need?
Documentation requirements are determined on a case by case basis. In most cases we require minimal documentation.
Do you require an appraisal or inspection?
We rarely require appraisals or inspections. In some cases we may require a walk through.
Where do you lend?
We mostly lend in Indianapolis and surrounding areas (Hamilton County, Johnson County, etc). Other areas may be considered on a case by case basis.
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