Michigan Hard Money Loans
-Private Hard Money on Demand
When it comes to real estate investing, Michigan hard money loans can give you the power to get into more deals -- faster and easier.
In Michigan, the "Big Three" has a meaning all its own. For real estate loans, the big three are: 1) no credit checks, 2) property-based approval and 3) 100% financing.
When Michigan investors partner with DoHardMoney, that's exactly what they get. We even offer state-specific loan rates that you can view on the right of this page.
And for fix and flip investments, we can even work it out so you make no loan payments until your investment property is flipped and sold.
For a no obligation discussion about your loan:
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Loan Terms for
- $0 - $1,000,000
- 13.5% - 18%
- 70% after repair value (ARV)
100% Gap Financing
- available if needed
Michigan Real Estate Market
|Highest Selling County||Wayne|
|# of Single Family Flips||3,405|
|Average Purchase Price||$74,229|
|Gross Profit Percent||8%|
|Comparison to National Average||-1%|
|Average Gross Profit per Flip||$6,162|
|Preferred Lending State||Yes|
* Statistics courtesy of RealtyTrac and DoHardMoney.com
Casey Carroll- Net Profit $71,000
About Hard Money Loans in Michigan
You know how it's sort of a crime in Michigan to own a Japanese car? Well, if you know your way around the real estate financing world, it's also a tragedy when investors don't benefit from all the advantages that hard money loans can offer them.
When investors choose Michigan hard money loans for their rehab loans or refinance loans, they get loan approval no borrower scrutiny. Instead of investigating the borrower, hard money loans evaluate the overall quality and profit potential involved in a real estate deal. This kind of property-based loan approval makes it possible for investors to purchase properties in bad credit situations.
DoHardMoney also throws in a special bonus with our hard money lender services. To make 100% financing possible for deals that qualify, we draw on our gap funding partners to fill in any gaps in the loan so investors can get into deals with no money down.
We'll base your lending amount, or loan to value ratio (LTV), on the after repair value of the investment property. For Michigan, that's all the way up to 70%, and our gap funding can come in to cover the rest.
Real Estate Investing in Michigan
If Michigan were (somehow) a gargantuan hockey rink, we would throw a giant octopus on it. That's how positive the real estate market has looked there for years now.
It's true that, like anywhere else, some real estate markets in Michigan struggle more than others, but the overall health of the REI market in Michigan is excellent. That's why we're able to offer great rates and terms on our Michigan hard money loans.
See below for a list of Michigan cities and counties where DoHardMoney is ready to lend today:
Adrian, Albion, Alcona County, Alger County, Allen Park, Allegan County, Allendale, Alpena, Alpena County, Ann Arbor, Antrim County, Auburn Hills, Barry County, Battle Creek, Bay City, Bay County, Beecher, Benton Harbor, Benzie County, Berkley, Berrien County, Beverly Hills, Big Rapids, Birmingham, Bloomfield Township, Branch County, Brighton, Buena Vista, Burton, Cadillac, Calhoun County, Canton, Cass County, Clawson, Coldwater,Comstock Park, Charlevoix County, Cheboygan County, Chippewa County, Clare County, Clinton County, Cutlerville, Dearborn, Dearborn Heights, Delta County, Detroit, Dickinson County, East Grand Rapids, East Lansing, Eastpointe, Emmet County, Farmington Hills, Fenton, Ferndale, Flint, Flushing, Forest Hills, Fraser, Garden City, Genesee County, Gladwin County, Gogebic County, Grand Blanc, Grand Haven, Grand Rapids, Grandville, Gratiot County, Grosse Pointe Park, Grosse Pointe Woods, Harper Woods, Haslett, Hastings, Hazel Park, Highland Park, Hillsdale, Holland, Holt, Houghton County, Ingham County, Inkster, Ionia, Iron Mountain, Ironwood, Ishpeming, Jackson, Jackson County, Jenison, Kalamazoo, Kalamazoo County, Kalkaska County, Kentwood, Keweenaw County, Lambertville, Lansing, Lapeer, Lapeer County, Leelanau County, Lenawee County, Lincoln Park, Livonia, Ludington, Mackinac County, Madison Heights, Manistee, Manistee County, Marquette, Midland, Milford, Monroe, Mount Clemens, Mount Pleasant, Muskegon, Muskegon Heights, New Baltimore, Niles, Northview, Northville, Norton Shores, Novi, Oak Park, Oceana County, Ogenaw County, Okemos, Otsego County, Owosso, Plymouth, Plymouth Township, Pontiac, Port Huron, Portage, Redford, River Rouge, Riverview, Rochester, Rochester Hills, Romulus, Roscommon County, Roseville, Royal Oak, Saginaw, Saginaw Township North, Saginaw Township South, Sanilac County, Saline, Sault Ste. Marie, Schollcraft County, Southfield, Southgate, St. Clair Shores, St. Johns, St. Joseph, Sterling Heights, Sturgis, Taylor, Tecumseh, Temperance, Three Rivers,Traverse City, Trenton, Troy, Walker, Walled Lake, Warren, Waterford, Waverly, Wayne, West Bloomfield Township, Westland, Westwood, Wexford County, Whitmore Lake, Wixom, Woodhaven, Wyandotte, Wyoming, Ypsilanti, and more.
Get approved for your Michigan hard money loan today. Apply online or call us at 1-800-284-0076. To your success!