The other day I met up with a friend at the Blue Door Smokehouse here in Lexington, and he had a confession about his real estate investment dabbling. With a tone heavier than the sauce, he admitted that he needed some hard money because he had a great opportunity but wasn’t as liquid as he needed to be. I think he expected me to be shocked. 

Needless to say, he’s pretty new to this. Everyone in this line of work needs a hard money lender that can fund your flip at one point or the other, especially early in your career. You sink a lot of money into renovations, but that doesn’t mean you suddenly stop looking. You always need to have your eyes out for another deal. 

When that great opportunity comes along, you’ll need cash. And, if the opportunity is right, you’ll be able to get it from reputable hard money lenders in Kentucky. After all, you’re making an investment. They’re making an investment in you, too. 

This is advice new people don’t get nearly enough. Hard money loans can fuel your new business or get your business over the top. If you use the right hard money lender in Kentucky, you’ll get a fair deal, quick cash, and the chance to get the next house in your portfolio. 

The Best Hard Money Lenders In Kentucky That Can Fund Your Flip Fast


The Hard Money Lenders in Kentucky That I Recommend

One reason my friend was unsure about getting a loan was because, and I quote, “The house isn’t in the best shape.” Well, that might discourage a bank, but these hard money lenders understand our business. They look at the same things we do—and see the same potential. And best of all, they know the need to move fast. 

If you have a good deal at the doorstep, they aren’t going to be too concerned with your current cash flow or your credit history. They just want to know that you’re going to do this right. It’s important for them to trust you, and more important for you to trust them. Here are some of the best hard money lenders in Kentucky that I rely on. 

Finance of America

One thing I like about Finance of America is that they really understand real estate investing and have different products for buying rental properties or fixing a house to turn it around. They offer individual loans from $50K all the way up to $2 million, if you’ll be needing it. You can get financing for 75% of the acquisition cost, and as much as 100% of the renovation costs, with rates starting at 6.75%. They also have products designed for people working with multiple properties at once. And, the more you successfully work, the higher your limit. 

Sherman Bridge

I like working with Sherman Bridge partly because they have multiple terms for loans, including 6, 12, and 24 (or more) month financing. This helps me plan in the short and long term. They also have a very easy 30-second prequalification quiz on their site, which quickly lets you know the terms of the hard money loan you will be able to get. You can decide if it is right for you or not, without wasting any of your time. They move fast in all regards, including getting you approved and liquid in as little as seven days. Their loans start at $80,000, with interest rates capping off at 10.99%. Of course, the better your credit and deeper your history, the better terms you’ll get. 

RCN Capital

This is a straightforward hard money lender who really knows the industry. With loans ranging from $50K to $2.5 million, they have you covered. They lend up to 85% of the purchase price and 100% of the renovation cost, with 12-month terms. If you’re experienced, you can get up to 90% of the purchase price. One nice thing about their 7.99% interest rate is that it is only charged on the outstanding balance, so making payments means you don’t have rolling costs. 

What do I look for in my hard money lender in Kentucky? Honesty. Transparency. A commitment to ethics. I know that borrowing money isn’t as ideal as, say, having it fall from the sky into the back of your truck. So when you have to, you want someone who states their terms in writing and sticks with them. That’s what’s most important. 

So, find lenders who are clear about their rates and compare. Each project is different, so the lender that was ideal for one project might not be perfect for the next. You have options. 

Get The Best Houses To Go Along With Your Best Deal

After explaining all this to my friend, there was a little bit of silence, and I knew what that was all about. I’ve been doing this a long time, and I’ve never heard anyone say “My favorite parts of this career are paperwork and loan applications!” No one likes that, especially not me, which is one of the reasons I’m so happy to be an independently owned and operated HomeVestors® franchisee. 

See, as a franchisee, I have immediate access to a proprietary hard money lender portal. All I have to do is punch in the numbers on the deal I want to be funded, and often within minutes, I can get offers from hard money lenders, including the ones listed above. 

I’m not filling out a lot of paperwork and comparing rates and all that: I have the offers come to me. I have the hard money lenders competing over me. They want my business, and they’ll want yours, too. It’s fast, it’s easy, and it saves me from a mountain of busy work and spreadsheets. This way, I can focus more time on the deal and on the actual work, and less on running around trying to get financing. 

Learning is key to this process. So if you’re interested in boosting your real estate investment business, contact HomeVestors® to request more information today. A little knowledge can go a long way. 


All lenders in UGVilleSM were current at time of posting. Each franchise office is independently owned and operated. 



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