Hard Money lenders Kansas City, MO

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LendingOne – Best Hard Money lenders near Kansas City

LendingOne is a Missouri private money lender offering short-term mortgage loans to real estate investors in MO - IndependenceKansas CityKirksvilleSpringfieldSt Louis. Get a private money loan for a property purchase, refinance, equity cash out, rehab or new construction purchase.

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Hard Money lenders near Kansas City, MO

For investors looking for real estate financing near Kansas City, MO for their investment deals, finding the right hard money lender or private money lender is essential. Locating a hard money lender in your state who understands the Kansas City, MO local market for fix and flip or rental deals will make it even easier.

What is a Hard Money Loan?

A hard money loan is a type of loan that is issued to investors based on the “hard asset” or the property itself. While hard money lenders do take into consideration additional factors like the individual borrower’s credit, experience, and income, these are not as high a priority when determining the borrower’s eligibility and loan amount. Hard money loans typically come with much higher interest rates, sometimes anywhere between 8% and 14% and have shorter terms of around 12 months. This is a much quicker form of funding, with loans capable of being issued within days to weeks instead of months.

Who Provides Hard Money Loans in Kansas City, MO?

Hard money loans are funded through private investors, smaller companies and businesses near Kansas City, MO. Traditional lenders such as banks will not issue hard money loans.

Kansas City Hard Money Real Estate Market

Foreclosure Rates for Kansas City, MO

Investors who want to find deals from foreclosure properties can consider these statistics to understand the Kansas City real estate market for pre-foreclosures, auctions, and bank-owned properties.

Get 5 Steps Closer To Growing Your Fix and Flip Business near Kansas City

  • Advice on searching for a property to fix and flip
  • Ways to get organized before beginning
  • What to expect during the project
  • Recommendations for when you’re ready to sell
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Sales Prices for Kansas City

Real estate sales in Kansas City still support an active fix/flip market. You want to closely monitor your average days on the market because when you are flipping properties, this is the best indicator of how long it will take you to sell once the property is completed.

Rental Prices for Kansas City

In every market around the country where we lend, rental yields will differ. In areas where average prices are higher rental yields will almost always be lower than markets with a lower average sale price. To determine your rental investment property yield you can take the average rental rate in the chart above and divide it by the average sale price.

Driving Factors for the Kansas City Real Estate Market

Education: Kansas City is home to one of the highest educated workforces in the country, greatly due in part to the surrounding top ranking schools in the Kansas City, MO area.
Economy: Kansas City’s top employers are driving growth in the real estate market including General Hospital.
Businesses: According to the Kansas City Chamber of Commerce, Leisure & Hospitality, Professional & Business Services, and Education & Health Services have seen high job and wage growth.