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Hard Money Lenders Philadelphia

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

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Philadelphia

Fix & Flip Loan

Sample Deal

Loan Amount $140,000

75% of Purchase + 100% of (Heavy) Rehab

Rate: 11.25%
12 Months

Points: 3.0%
10 Days to Close

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Why We're A top Hard Money Lender In Philadelphia

We pride ourselves on being one of the best hard money lenders in Philadelphia for Fix and Flips, GUC, and Multifamily investment properties.

Competitive Terms

We provide competitive Terms on Philadelphia hard money loans. Philadelphia Fix and Flip Loan rates range from 10.5%-11.25% and a 1.5%-2.99% Origination Fee. DSCR Loan Rates range from 6.75% to 7.99% and 1.0% Origination Fee.
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See our Loan Products Section for a detailed pricing breakdown of each Austin 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.

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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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Philadelphia Hard Money Loan Products

We provide fast and fairly priced Fix & Flip, DSCR and Construction Loans to local investors in the philadelphia area.

Fix and Flip

Funding For Rehab + Purchase

$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

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Get Approved Online

DSCR Loans

30 Year DSCR Loans For Rental Properties

Up to $2,000,000

Interest Rate 6.75%-8.25%

Origination Fee From 1.0%

Up to 80% of LTV

Short Term Rentals and Long term Rentals

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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% LTC

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You’re Local In Philadelphia, You Want A Lender Who Knows The Philadelphia Market

Understanding the Philadelphia market

Philadelphia offers a big opportunity for real estate investors. With densely populated urban centers and in-demand suburban housing surroundings the city., there are many profitable fix and flip and rental opportunities for local investors. The market also offers a lower price point for distressed properties located in several metropolitan neighborhoods. This makes it easier for first time investors to enter the market with minimal cash. This said, Philadelphia is also home to several high crime areas and submarkets with high rental default rates. Investors should be selective when investing in Philadelphia and focus on prime submarkets with quick sale turn around times for residential housing.

Philadelphia Hard Money Loan process

Our lending process for Philadelphia hard money loans 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 Philadelphia 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

~ 1-2 days

Once we have the completed document package, we'll schedule your closing within 1-2 business days.

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Featured Philadelphia Hard Money Loan

Location

Loan Type

Loan Amount

LTV %

Rate

Points

Philadelphia Deal Summary

Ridge Street Capital provided a fix and flip loan for an $80,000 townhome in Philadelphia. The loan covered 75% of the purchase price and 100% of the $80,000 heavy rehab budget.

The borrower, a licensed realtor with local market expertise, leveraged their experience to identify the property’s strong potential for profitability.

Due to a wholesaler's contract deadline, Ridge Street expedited the process and closed the loan in just 10 days.

This quick turnaround allowed the borrower to secure the property and begin the extensive renovations, which included structural updates and a full interior overhaul to attract buyers in Philadelphia’s competitive market.

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Frequently Asked Hard Money Loan Questions

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

To qualify for a hard money loan in Philadelphia 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 Pennsylvania

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

Ridge Street finances the following property types:

Residential 1-4 Units
Multifamily 5-10 Units
Commercial (Select)

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

Depending on the sponsors experience and credit profile, rates range from 10.5%-11.25%. Ridge Street’s median rate for a hard money loan on a fix and flip in Miami is 10.75% interest only with no pre-payment penalty.

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

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

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

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 Pennsylvania.

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

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

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

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 Philadelphia?

You can use a hard money loan to purchase and renovate a rental property. You can then refinance with a DSCR Loan (This is called the BRRRR Strategy). 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.

Interested In Working With Us?

We work with real estate investors across the country every day. How can we help?

Active Deal

I have an active deal and would like a Term Sheet.

Term Sheet

Pre-Approval

I’d like to to get pre-approved so I can find my next deal.

Pre-Approval

Schedule A Call

I’d like to schedule a call.

Schedule Call

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