Hard Money Lenders Indiana

Indiana Hard Money Loans for Fix and Flips and Ground Up Construction

Learn More

Indiana

Fix & Flip Loan

Sample Deal

Loan Amount: $239,500

80% of Purchase + 100% of Rehab

Rate 10.99%
12 Months

Points 2.65%
14 Days to Close

Why We’re The Best Hard Money Lender In Indiana

We pride ourselves on being one of the best hard money lenders in Indiana for Fix and Flips, GUC, Rentals, and Multifamily investments.

Competitive Terms

>

We provide competitive Terms on Indiana investment property loans.
Indiana Fix and Flip Loan Rates range from 10.5%-11.25% and a 1.5%-2.99% Origination Fee. DSCR Loan Rates range from 6.5% to 7.99% and 1.0% Origination Fee.

See our Loan Products Section for a detailed pricing breakdown of each Indiana loan product.

Simple Online Application

>

Real Estate investors can apply online, get pre-approved, or schedule a call in 2 minutes. Working with Ridge Street is simple and fast.

Start your simple online application today. Learn More

Quick Turn Around

>

Our team is always available to take your call. If you submit a Quick Application or a Pre-Approval Application we’ll get back to you within 1 business hour. We can fund your project in 7 days.

Learn More

Reliable Financing

>

Integrity and honesty are the foundations of our business. When we commit to a loan, we make sure you close on time.”

View Loan Products

Indiana Hard Money Loan Products

Indiana Fix and Flip Loan

Funding For Purchase + Rehab

$50,000 up to $3,000,000

Interest Rate 10.5%-11.25%

Origination Fee From 1.5%

Up to 90% of Purchase and 100% of Rehab

Fix and Flip Loans For Beginners Allowed

Learn More

Get Approved Online

Indiana DSCR Loan

30 Year DSCR Loans For Rental Properties

Up to $2,000,000

Interest Rate 6.75%-7.99%

Origination Fee From 1.0%

Up to 80% of LTV

Short Term Rentals and Long Term Rentals

Learn More

Get Approved Online

Ground Up Construction

For New Builds and Construction Completion

Up to $3,000,000

Interest Rate 10.99%-12.25%

Origination Fee From 2.0%

Up to 75% of Purchase and 100% of Construction

Up to 90% of LTC

Learn More

Get Approved Online

indiana Hard Money Loan process

Our hard money lending process for Indiana investment properties is simple and quick. Ridge Street closes loans in as little as 7 days.

Apply Or Get Pre-Approved Online

~ 2mins

Fill out a 2 Min Quick App with info about your Indiana based project. We need some preliminary information so that we can accurately evaluate your deal.

If you’re looking to be pre-approved so that you can find your next deal or you’d like to get more info from on of our team members, select an option below.

Request A Term Sheet | Get Pre-Approved | Schedule A Call

Hard Money Loan Process Step 2 Container

Receive your Term Sheet

~ 2mins

Once we have your completed application, we’ll email you the term sheet and give you a call to provide confirmation.

Hard Money Loan Process Step 3 Container

Submit Docs

~ 1-3 days

Once you’ve accepted the Loan Terms, we’ll collect your remaining documents and begin underwriting the loan. We have a low document program with no income statement documentation.

Appraisal or BPO

~ 2-7 days

Once you've submitted your documents, an appraisal will be ordered and completed In 2-7 days.

Hard Money Loan Process Step 5 Container

Closing

~ 1-3 days

Once we have the completed document package, we'll schedule your closing within 1-3 business days.

Get Started

Featured Indiana Hard Money Loan

State

Loan Type

Loan Amount

Loan Amount (if applicable)

Rate

Points

Indiana Deal Summary

Ridge Street Capital recently financed a duplex fix and flip project in Indianapolis for an out-of-state investor. The investor sought funding after being turned down by his bank, and we stepped in to provide a $239,500 loan that covered 80% of the purchase price and 100% of the heavy rehab costs. This tailored solution enabled the borrower to move forward with the project and capitalize on the investment opportunity in a timely manner.

Key Deal Highlights:

Competitive LTV: Financed 80% of the purchase price and 100% of the heavy rehab costs.
Flexibility: Supported an out-of-state investor with a quick and flexible solution after bank rejection.
Refinance-Ready ARV: With a projected $400,000 after-repair value and $3,200 monthly rent, a clear path to cash out refinance was demonstrated.

Get Approved Online

What are Hard money Loans used for in Indiana?

Indiana

1. Indianapolis

2. Fort Wayne

3. Bloomington

What are Hard Money Loans Used For In Indiana?

Real Estate Investors in Indiana use hard money loans to purchase, rehab, and construct investment properties.
‍
A hard money loan is an “asset-based” loan in which the loan amount is based on the as-is value and after repair value of a property as well as the credit scores of the borrowing company’s owners.
‍
Hard money loans allow Indiana real estate investors to secure financing for fix and flips, ground-up construction, and rental properties through an LLC or a Corp without using their personal income.
‍
For most hard money loans, investors will have to bring a 10%-20% down payment and can use the hard money loan to finance the remainder of their project.
‍
As Indiana real estate investors acquire more experience, hard money lenders like Ridge Street will increase their leverage and require less cash at the closing table.

Get Approved Online

Real Estate Investors in Indiana use hard money loans to purchase, rehab, and construct investment properties.
‍
A hard money loan is an “asset-based” loan in which the loan amount is based on the as-is value and after repair value of a property as well as the credit scores of the borrowing company’s owners.
‍
Hard money loans allow Indiana real estate investors to secure financing for fix and flips, ground-up construction, and rental properties through an LLC or a Corp without using their personal income.
‍
For most hard money loans, investors will have to bring a 10%-20% down payment and can use the hard money loan to finance the remainder of their project.
‍
As Indiana real estate investors acquire more experience, hard money lenders like Ridge Street will increase their leverage and require less cash at the closing table.

Get Approved Online

Best Cities To Invest In Real Estate In Indiana

Indianapolis

Indianapolis, IN, is a great real estate market offering affordability and strong cash flow potential for investors. The city’s growing economy, supported by healthcare, manufacturing, and tech industries, drives consistent housing demand. Indianapolis stands out for its abundance of duplexes and small multifamily properties, particularly in neighborhoods like Fountain Square and Bates-Hendricks, where investors can secure affordable deals with high rental yields. These factors make Indianapolis a prime market for BRRRR (Buy, Rehab, Rent, Refinance, Repeat) investments.

Get a loan in Indianapolis

Fort Wayne

Fort Wayne, IN, offers a promising real estate market for fix-and-flip investors, with affordable property prices and a steadily growing economy. The city's revitalization efforts in areas like the downtown district and West Central have increased demand for updated housing, creating opportunities to transform older homes for profit. Fort Wayne’s low entry costs make it an ideal market for leveraging hard money loans, allowing investors to secure funding quickly and scale their flipping projects. With rising home values and strong buyer demand, Fort Wayne is an attractive option for investors seeking fast returns through strategic flips.

Get a loan in Fort Wayne

BLoomington

Bloomington, IN, offers a dynamic real estate market for investors, driven by its status as a college town and home to Indiana University. The city’s high demand for updated housing, particularly from students and faculty, creates strong opportunities for fix-and-flip projects. Older properties near the university and in neighborhoods like Prospect Hill are ideal for renovations that cater to renters or buyers. Hard money loans can be a valuable tool for investors looking to secure funding quickly and capitalize on Bloomington’s steady property appreciation and vibrant rental market.

Get a loan in Bloomington

Frequently Asked Hard Money Loan Questions

How do I qualify for a hard money loan in Indiana?

To qualify for a hard money loan in Indiana with Ridge Street you need:

A Credit Score of 640+
A profitable deal with at least a 10% ROI
An LLC or a Corporation Registered In Indiana

What types of properties can I finance with a hard money loan in Indiana?

Ridge Street finances the following property types:

Residential 1-4 Units
Multifamily 5-25Units
Commercial (Select properties)

What are the interest rates and terms for hard money loans in Indiana?

“Depending on the sponsors experience and credit profile Rates Range from 10.5%-11.5%. Ridge Street’s median rate for a hard money loan on a fix and flip in Indiana is 10.99% interest only with no pre-payment penalty.

How fast can I get a hard money loan in Indiana?

Ridge Street closes hard money loans in as little as 7 business days.

Are there any state-specific regulations for getting a hard money loan in Indiana?

Ridge Street’s hard money loans are business purpose loans. This means that we can only lend to borrowers with entities (LLC or Corp) registered in Indiana.

Can I use a hard money loan to finance a fix and flip in Indiana?

Absolutely. This is the main use of a hard money loan in Indiana.

What is the loan-to-value (LTV) ratio for a hard money loan in Indiana?

There are a number of ratios that Ridge Street uses to determine the Loan Amount. Put simply, for a first time investor we finance up to 80% of the Purchase + 100% of the Rehab. For an experienced investor, we finance up to 90% of the Purchase + 100% of the Rehab.

Can I use a hard money loan to finance a rental property in Indiana?

You can use a hard money loan to purchase and renovate a rental property. You can then refinance with a DSCR Loan. If the property is rent ready at purchase, there is no need for a hard money loan and you can go straight into DSCR financing.

Other Resources You’ll Like

January 23, 2025

Construction Loan Calculator

Calculate the costs, loan amount, and profitability of your ground up construction project.

January 12, 2025

Best DSCR Lenders In 2025

A Complete list of the best DSCR lenders in 2025. Based on a comparison of rates, LTV ratios, closing time, and responsiveness.

August 18, 2024

DSCR Loan Calculator

Calculate the DSCR of your rental property with our interactive DSCR Calculator Tool.

Hard Money Lenders Indiana

Why We’re The Best Hard Money Lender In Indiana

Competitive Terms

Simple Online Application

Quick Turn Around

Reliable Financing

Indiana Hard Money Loan Products

Indiana Fix and Flip Loan

Indiana DSCR Loan

Ground Up Construction

indiana Hard Money Loan process

Apply Or Get Pre-Approved Online

Receive your Term Sheet

Submit Docs

Appraisal or BPO

Closing

Featured Indiana Hard Money Loan

Indiana Deal Summary

What are Hard money Loans used for in Indiana?

What are Hard Money Loans Used For In Indiana?

Best Cities To Invest In Real Estate In Indiana

Indianapolis

Fort Wayne

BLoomington

Frequently Asked Hard Money Loan Questions

How do I qualify for a hard money loan in Indiana?

What types of properties can I finance with a hard money loan in Indiana?

What are the interest rates and terms for hard money loans in Indiana?

How fast can I get a hard money loan in Indiana?

Are there any state-specific regulations for getting a hard money loan in Indiana?

Can I use a hard money loan to finance a fix and flip in Indiana?

What is the loan-to-value (LTV) ratio for a hard money loan in Indiana?

Can I use a hard money loan to finance a rental property in Indiana?

Other Resources You’ll Like

Investor’s Guide To Real Estate Wholetailing

Investor’s Guide To Real Estate Wholetailing

Investor’s Guide To Real Estate Wholetailing

Construction Loan Calculator

Best DSCR Lenders In 2025

DSCR Loan Calculator

READY TO GETSTARTED

READY TO GET
STARTED