Hard Money Lenders NOrth Carolina
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- Rate 10.99%
- 12 Months
- Points 2.5%
- 14 Days to Close
Why We’re The Best Hard Money Lender In North Carolina
We pride ourselves on being one of the best hard money lenders in North Carolina for Fix and Flips, GUC, Rentals, and Multifamily investments.
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Competitive Terms
We provide competitive Terms on North Carolina hard money loans.
North Carolina 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 Florida 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
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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.
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Reliable Financing
Integrity and honesty are the foundations of our business. When we commit to a loan, we make sure you close on time.”
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North Carolina Hard Money Loan Products
North Carolina
Fix and Flip
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
North Carolina
DSCR Loans
30 Year DSCR Loans For Rental Properties
North Carolina
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
North carolina Hard Money Loan process
Our lending process for North Carolina hard money loans is simple and quick. Ridge Street closes loans in as little as 7 business days.
Apply Or Get Pre-Approved Online
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Receive your Term Sheet
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Submit Docs
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Appraisal or BPO
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Closing
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What are DSCR Loans used for in Texas?
1. Charlotte
2. Raleigh
What are Hard Money Loans Used For In North Carolina?
Real Estate Investors in North Carolina 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 North Carolina 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 North Carolina real estate investors acquire more experience, hard money lenders like Ridge Street will increase their leverage and require less cash at the closing table.
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Real Estate Investors in New York 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 New York 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 New York real estate investors acquire more experience, hard money lenders like Ridge Street will increase their leverage and require less cash at the closing table.
Best Cities To Invest In Real Estate
In North Carolina
Raleigh, NC
Raleigh, NC, stands out as a prime market for house flipping and ground-up construction due to its rapid population growth and status as a hub within the Research Triangle. With major employers like IBM, SAS, and Duke Health driving an influx of high-income professionals, the city has a steady demand for modernized and newly constructed homes. House flippers can target older properties in transitional neighborhoods such as Mordecai or parts of East Raleigh, where renovations align with the area's gentrification trends. For ground-up construction, the city's expanding suburbs, like Cary and Apex, are hotspots for new developments, catering to families seeking space and top-rated schools. Raleigh’s strong economic growth, combined with rising home prices and limited housing inventory, creates a fertile environment for strategic real estate investments.
Charlotte, NC
Charlotte, NC, offers a thriving market for house flipping and ground-up construction, driven by its status as a major financial hub and one of the fastest-growing cities in the U.S. With headquarters for Bank of America and a robust presence of tech and healthcare industries, the city attracts a diverse, high-income workforce. House flipping opportunities are abundant in neighborhoods like Plaza Midwood and Wilmore, where older homes are being renovated to meet the demand for modern living spaces. Ground-up construction thrives in expanding suburbs like Huntersville and Fort Mill, catering to families seeking affordable housing with proximity to the city. Charlotte's combination of strong job growth, rising property values, and sustained housing demand makes it a lucrative market for real estate investors.
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Frequently Asked Hard Money Loan Questions
How do I qualify for a hard money loan in North Carolina?
To qualify for a hard money loan in North Carolina 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 North Carolina
What types of properties can I finance with a hard money loan in North Carolina?
Ridge Street finances the following property types:
Residential 1-4 Units
Multifamily 5-25 Units
Commercial (Select properties)
What are the interest rates and terms for hard money loans in North Carolina?
“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 North Carolina is 10.99% interest only with no pre-payment penalty.
How fast can I get a hard money loan in North Carolina?
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 North Carolina?
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 North Carolina.
Can I use a hard money loan to finance a fix and flip in North Carolina?
Absolutely. This is the main use of a hard money loan in North Carolina..
What is the loan-to-value (LTV) ratio for a hard money loan in North Carolina?
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 North Carolina?
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.
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