Private Money Lenders | Hard Money Loans in Cleveland, OH
Cleveland ranks 47 in the list of 50 largest metropolitan areas for the housing market. The market is somewhat competitive, with the city earning second place in terms of housing market according to Zillow’s rankings. All thanks to this charming city’s family-friendly activities, local cuisines, and strong sports spirit. The breweries and Rock Hall of Fame further add to its popularity.
As a result, it only makes sense to invest in Cleveland’s real estate market to secure the future. You can leverage this growing market with hard money loans from Insula Capital Group. With over thirty years of experience working as a private money lender, we offer customized and personally curated loan programs for all our clients.
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Discover Loan Programs That Fit Your Needs in Cleveland, OH
You can find distressed properties to flip, new ground-up commercial projects, and real estate ventures in Cleveland. Work with our lending specialists to devise a financial plan for your projects.
Discover our loan programs, ranging from residential rental loans, multifamily/mixed-use programs, fix & flip financing, and new construction loans. Each loan is customizable with competitive rates, convenient repayment terms, and full transparency.
Explore our previous funded projects and read our clients’ stories of how we have helped them realize their dreams.
With Insula Capital Group, you get to make real estate investments on your terms! We believe in easier and quicker processes and flexible terms to help our clients make the most of their investments!
Why Are Hard Money Loans Great for Your Projects in Cleveland, OH?
Hard money loans are great for both seasoned and beginner real estate investors because they offer some incredible advantages over traditional loans. First, they are extremely quick and are not subject to lengthy verification and approval processes. They’re asset-based and can quickly be approved regardless of the type or condition of the property you’re leveraging.
Moreover, investors with bad credit scores can also make the most of hard money loans since credit history is not factored in during the loan approval.
It’s also worth noting that hard money loans are more flexible, especially when it comes to repayment terms. A hard money lender will always be open to a customized repayment schedule, and this can be a big advantage to real estate investors with unique financing needs.
Cleveland’s Dynamic Real Estate Market
- Population: 372,799
- Median Household Income: $50,729
- Unemployment Rate: 4.1%
- Homes for Sale: 5,142
- New Listings: 800+/month
- Average Home Prices: $167,000
- Median Home Value: $155,718
- Median Sale Price: $155,718
- 1-Year Appreciate Rate: 0.5%
- Median Rent Price: $1182
- Price-To-Rent Ratio: 13.2
- Median Days On Market: 33 days
- Home Sold Above List Price: 57%
- Foreclosure Rate: 0.3%
- Median Property Tax: $2,015
- Projected Growth Of The Real Estate Market: Stable to slightly above average growth
- Average ROI for Hard Money Loans: 8-12%
Cleveland’s House Flipping Statistics
372,799
Population
$155,718
Median sale Price
5,142
Homes for Sale
0.5%
1-Year Appreciation Rate
$50,729
Median Household Income
4.1%
Unemployment Rate
Just Funded Projects
June 2022
Fix & Flip
- Weiser, ID
Purchase Price
170,000
Renovation Budget
59,000
Loan Amount
207,000
After Repair Value
309,000
July 2022
Fix & Flip
- Washington, DC
Purchase Price
255,000
Renovation Budget
80,000
Loan Amount
296,750
After Repair Value
450,000
December 2021
Fix & Flip
- Centerreach, NY
Purchase Price
340,000
Renovation Budget
46,050
Loan Amount
321,300
After Repair Value
459,000
November 2021
Fix & Flip
- Hartford, CT
Purchase Price
149,000
Renovation Budget
70,000
Loan Amount
196,650
After Repair Value
290,000
November 2021
Fix & Flip
- Philidelphia, PA
Purchase Price
130,000
Renovation Budget
105,300
Loan Amount
209,300
After Repair Value
335,000
November 2021
Fix & Flip
- Philidelphia, PA
Purchase Price
62,000
Renovation Budget
60,000
Loan Amount
106,500
After Repair Value
176,000
November 2021
Fix & Flip
- North Babylon, NY
Purchase Price
310,000
Renovation Budget
32,750
Loan Amount
311,750
After Repair Value
495,000
November 2021
Fix & Flip
- East Hampton, NY
Purchase Price
1,250,000
Renovation Budget
577,465
Loan Amount
1,577,465
After Repair Value
2,487,500
November 2021
Fix & Flip
- Jersey City, NJ
Purchase Price
525,000
Renovation Budget
240,650
Loan Amount
848,800
After Repair Value
831,000
What we offer
All Loan Services
New Construction
New Construction
Multifamily Bridge Loans
Multifamily Bridge Loans
Fix And Flip Loans
Fix And Flip Loans
New Construction Loans
New Construction Loans
Investment Property Loans
Investment Property Loans
Rental Property Loans
Rental Property Loans
Cash-Out Refinance Loans
Cash-Out Refinance Loans
Bridge Loans
Bridge Loans
Commercial & Residential Land Loans
Commercial & Residential Land Loans
Commercial Property Loans
Commercial Property Loans
Development Loans
Development Loans
Hard Money Lenders
Hard Money Lenders
Single-family Rental Loans
Single-family Rental Loans
Thousands of Clients Trust Our Company
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Why Invest In Cleveland’s Real Estate Market?
Cleveland’s real estate market is slowly emerging as an attractive prospect for investors since it offers many opportunities, making it a great place to invest. One of the key factors driving this appeal is the city’s affordable housing market. Compared to many other major metropolitan areas, Cleveland has relatively lower property prices, allowing investors to enter the market without a high upfront investment.
Moreover, the city has experienced steady population growth and economic revitalization in recent years. This positive trend has contributed to an increased demand for housing, creating a favorable environment for real estate investors. Also, Cleveland’s diverse economy, with strengths in healthcare, manufacturing, and technology, has provided a stable foundation for job growth, which is also attracting a steady influx of residents seeking employment opportunities.
And, of course, the city’s strategic location adds to its appeal. Situated on the shores of Lake Erie, Cleveland serves as a vital transportation hub with well-connected highways and access to international shipping routes. This connectivity attracts businesses and residents alike, further driving demand for real estate.
Ready to apply for a Hard Money loan?
Frequently Asked Questions
Although real estate experience gives an edge in getting your application approved, our private money lenders don’t discriminate against borrowers based on this factor alone. We don’t believe in rigid requirements and prioritize helping our clients, unlike traditional bank loans. If your property has good value and your overall plan has profit potential, you can qualify for a hard money loan in Cleveland.
Hard money loans are better than traditional loans in many different ways. For starters, they’re quicker, and they come with asset-based approvals. Hard money loans also have flexible terms, provide opportunities for leverage, and are well-suited for specialized situations in real estate investment, especially where quick approvals are required to seize opportunities.
Moreover, hard money loans are excellent for business purposes and can help you acquire various property types that most conventional lenders might not be willing to approve, for instance, distressed properties for fix and flip projects.
Yes. At Insula Capital Group, we prioritize your convenience so you can repay your loan amount before the deadline. There are no prepayment penalties or hidden fees. We believe in fairness and transparency, and we focus on providing a hassle-free experience for our clients throughout the loan application process. All loan terms are clearly communicated to clients before the loan is processed, and you can repay the loan before the deadline with no issues.
Consult with Private Money Lenders in Cleveland
Ready to apply for a hard money loan in Cleveland, OH? We’ve got you!
At Insula Capital Group, you can choose from our wide range of loan programs. Each loan type is designed to help you with a specific type of project, and we can further tailor the loan terms to ensure it benefits you further and aligns with your project objectives.
With Insula Capital Group, you can rest assured that you’ll have the funding you need when you need it!
Our team offers consultation services to help you curate a loan program that matches your needs. Schedule an initial interview with our hard money lenders today!
