My friend Caruso—he has a first name, but it’s one of those things that’s been lost in the fog of time— were at Scotty’s Dawghouse, talking Butler basketball—a passion for both of us. And, after a lengthy discussion about recent recruits, he mentioned that he was thinking of getting into real estate investing like me. He is a successful salesman and was looking for something else to bring in income part-time. 

But, like a lot of people, he felt on unsteady ground when it came to money. He was pretty sure that he could do renovations and the sale, but it was the upfront cash that gave him pause. He didn’t know the best ways to borrow money that would give him a chance to pursue his investments. 

I understand: It’s hard to borrow money when you don’t know who to trust. Luckily, I was able to impart some advice. I’ve been investing in here for a long time and have a good idea of which hard money lenders in Indianapolis are most reputable. There is a lot of uncertainty in this business (as in basketball), but if you go with one of the hard money lenders that I recommend, you’ll be on solid ground. 

The Hard Money Lenders in Indianapolis I Recommend

I turn to these Indy hard money lenders because they know the business. They know that not everyone has the best credit or even the lengthiest history in the industry. That’s fine. They’ll evaluate the deal the same way you do, and decide if it is a good bet, the same way you do. You’re on the same side. 

Here are the hard money lenders in Indianapolis I trust. 

Residential Capital (ResCap)

I’m going to be blunt: one of the best things about ResCap is that they work with newer investors—and you don’t even have to be a high net worth individual. Of course, you will need some of your own skin in the game. ResCap will loan you up to 65% of the cost to purchase the house. Obviously, your interest rates can fluctuate depending on your rating and history, but you have an actual chance at financing your first deal with this Indianapolis hard money lender. 

Finance of America

This is a company I love doing business with because they love doing business with me—and that’s not due to my sparkling personality. It’s because they truly understand our industry and calculate my rates based on my success. I can get loans up to $2 million, with 90% of the cost and 75% of the after repair value. Financing from this Indianapolis hard money lender will get me through to the sale. 

RCN Capital

One thing my buddy worried about was his cash on hand. His capital reserves were good for a normal person doing normal savings, but not for this business. He worried that when he put all his money into one house, he wouldn’t be able to get another loan if he found another property to buy. But RCN capital only requires $30K cash in reserve, which gives you some breathing room if you are working on one project with another coming along. 

Those are just three of many lenders with whom I do business. Or, to be more clear, who do business with me. Because I have proprietary software with access to lenders who compete for my hard money loan business needs.

How To Make Lenders Compete For You

Many years ago, after struggling to get my hard money loans lined up in time to close enough deals, I became an independently owned and operated HomeVestors® franchisee. See, being a franchisee gives me opportunities to get qualified leads on distressed houses, know about the real estate investment trends here in Indianapolis, and use some of the top valuation tools in the business. 

And, it helps me get money. 

I have access to proprietary software, ValueChek™, to reach the best hard money lenders in the nation. If I have a potential deal, all I have to do is plug in the relevant numbers, and within minutes, I have hard-money lenders competing over me. They make offers—and I get to pick the one that works the best for my deal. 

This virtually eliminates paperwork. It cuts down on frustration. And, it puts me in charge. Instead of going hat-in-hand to lenders, they come to me. Being in charge of my own success is why I got into this business in the first place. 

If you want some of the best Indianapolis hard money lenders to fight over your deals, request information on becoming an independently owned and operated HomeVestors® franchisee, and I’ll see you over at Scotty’s. 

All lenders in UgVille^SM were current as of posting. Each franchise office is independently owned and operated.