Who is Still Lending?
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April 9, 2020 | By: LendVer Staff –

The Government and the lending community have been desperately scrambling to get disaster relief loan funds into small business owners hands under the newly minted Paycheck Protection Program (PPP). At the same time, commercial and investment residential real estate lenders are closing their doors, and locking up their coffers in droves. So which lenders are still funding commercial real estate and investment residential property loans?

Who is Stepping Up?

The same thing is happening this time, that happened during the last recession (yes, we are in a recession despite what you may have heard otherwise). Private money lenders are stepping in to fill the void that is now absent conforming and non-conforming lenders. Private money lenders (aka bridge lenders) utilize their own capital, or the funds of high-net-worth individuals or corporate investors, to make low leverage collateralized loans for an above average rate of return (i.e. their interest rates are higher than a conforming lender’s). A private lender will usually make a loan less than 65% of a property’s value, and it will want a clear exit strategy for its loan (it doesn’t want to loan to own).

Where Can Private Loans be Found Now?

As of the date of this article (April 9, 2020) LendVer is not aware of any lending restrictions issued by the lenders outlined below. Please defer to the lenders’ directly for updated guidance and potential program changes.

LendingHome is America’s largest fix-and-flip lender and focuses on investment residential fix-and-flip, bridge, and rental property loans. LendingHome’s interest rates start at 7.95% and are available for a short term of 12 to 24 months, or a long term up to 30 years. The company offers financing up to 90% of your property value and will consider financing up to 100% of your renovation (rehab) budget. LendingHome has funded in excess of $5 billion spread out over 23,000 investment residential property projects. LendingHome is a nationwide lender currently providing loans up to $3 million in AZ, CA, CO, CT, DC, FL, GA, IL, KY, MA, MD, MI, MN, MO, NC, NJ, NV, NY, OH, OK, OR, PA, SC, TN, TX, VA, WA, WV.

Contact LendingHome for more information

Patch of Land focuses on investment residential fix and flip loans and rental property loans. The firm also provides private loans secured by commercial real estate. Patch of Land’s interest rates currently start at 10.5% and are available for a short term of 9 to 12 months. The company offers financing up to 100% of your property value and will consider financing up to 100% of your renovation (rehab) budget. Patch of Land is a great option for borrowers looking for short-term affordable financing to capitalize on an opportunistic real estate transaction. Patch of Land is a nationwide private lender but does not presently lend in AZ, ID, MN, NV, SD and UT; it also does not make owner-occupied home loans.

Contact Patch of Land for more information

Revere Capital funds short-term bridge loans and provides equity investments and specialty financing from $2 million to $30 million secured by investment residential real estate, commercial real estate, and other assets. Revere specializes in bridge loans, DIP financing, discounted payoff financing, secured and subordinated term and revolver loans, funding warehouse facilities and financing joint ventures. Revere is also an acquirer of one-off loans, whole loans, or loan pools and will enter into loan syndications and participations. Revere offers financing up to 70% of your property value, and its interest rates range from 5% to 14%. The firm offers terms out to 3 years, no prepayment penalties, and closings in 2 to 3 weeks.

Contact Revere Capital here for more information

Emerald Creek Capital funds short-term loans from $2 million to $50 million to developers and property investors looking to purchase, refinance, renovate, cash-out or re-position non-owner occupied residential property, commercial property or even urban land. Emerald Creek’s concentration has been on urban New York bridge loans, but it does lend nationwide. Emerald Creek offers financing up to 65% of your property value, and its interest rates start at around 7%. The firm offers terms out to 3 years, no prepayment penalties, and closings in 1 to 2 weeks.

Contact Emerald Creek Capital here for more information


Other than deferment and/or forbearance periods for government backed loans, there has been little information from Washington that there will be relief for investment property owners. Nationwide stay-at-home policies (which are absolutely necessary) are resulting in a significant decline in on-time rent payments, making it increasingly harder for investment property owners to pay their mortgages. Until the economy gets back on track, securing a private loan to access the equity in your commercial or investment residential real estate to hold you over, is a wise move.

Don’t hesitate to contact us if you are unsure of which financing option is the right choice for you, or if you need additional lender recommendations beyond those mentioned in this article.

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