Need a hard money loan in Indianapolis? Greg Rank helps real estate investors and house flippers access hard money and bridge loan financing across Indianapolis and Indiana. When traditional bank financing is too slow or doesn’t fit your deal, a hard money loan can fund in days — not weeks — so you can close on time.

Call or text Greg at (317) 603-0912 to discuss your deal and get a same-day rate quote.

What Is a Hard Money Loan?

A hard money loan is an asset-based loan primarily secured by the value of a real property rather than the borrower's creditworthiness. Hard money lenders are typically private investors or private lending companies that specialize in short-term, high-LTV financing for real estate investors.

Hard money loans are commonly used for:

• Fix and Flip Properties: Buy, renovate, and sell for a profit within 6-12 months
• Bridge Loans: Bridge the gap between purchasing a new property and selling an existing one
• Construction Loans: Fund ground-up construction projects for residential or commercial real estate
• Distressed Properties: Purchase properties that don't qualify for conventional financing due to their condition
• Auction Purchases: Secure proof of funds and fast closing for auction or foreclosure sales
• Commercial Real Estate: Acquire commercial properties quickly before long-term financing is arranged

Hard Money Loan Terms in Indianapolis

Hard money loan terms vary by lender and deal, but typical parameters include:

• Loan-to-Value (LTV): Up to 65-75% of the as-is value, or up to 90% of purchase price for fix-and-flip
• After Repair Value (ARV): Many lenders lend up to 70% of the ARV, including repair costs
• Interest Rates: Typically 9-14% depending on the deal, borrower experience, and lender
• Loan Terms: Short-term, typically 6-24 months
• Origination Fees: Typically 1-3 points
• Closing Speed: Can close in 5-15 business days depending on the lender

Hard Money vs. Conventional Loans: What's the Difference?

Conventional loans from banks require extensive documentation, income verification, and a strong credit profile — and typically take 30-60 days to close. They also require the property to be in livable condition (no distressed properties). Hard money loans are the opposite: they close fast, have minimal documentation requirements, and are approved based on the property's value and the strength of the deal rather than the borrower's income.

For real estate investors, hard money is often the only viable option when speed and property condition are factors.

Fix and Flip Loans Indianapolis

Indianapolis is one of the top markets in the Midwest for fix-and-flip investing, with affordable purchase prices, strong rental demand, and a healthy resale market. Greg works with experienced investors and first-time flippers to find the right hard money lender for each deal — from single-family rehabs to small multi-family projects.

From Hard Money to Long-Term Financing: The Full Picture

Many investors use hard money to acquire and stabilize a property, then refinance into a long-term conventional or DSCR loan once the rehab is complete and the property is rented. Greg can help you plan the entire financing lifecycle — from the initial hard money acquisition through to long-term hold financing — so you have a complete picture before you commit to a deal.

Frequently Asked Questions About Hard Money Loans

How fast can I close a hard money loan in Indianapolis?

Most hard money lenders can close in 5-15 business days once your deal is approved. Some can move even faster for experienced investors with clean deals. Speed depends on the lender, the appraisal timeline, and the title company.

Do I need good credit for a hard money loan?

Credit score requirements are much more lenient for hard money loans. Many lenders don't pull credit at all — they evaluate the deal based on the property value and your equity/down payment. Some lenders may pull a soft credit check but won't use it as a primary qualifier.

What's the minimum down payment for a hard money loan?

Most hard money lenders require 20-35% down payment (or equivalent equity). For fix-and-flip deals, some lenders will finance up to 90% of the purchase price plus 100% of rehab costs if the total doesn't exceed 70% of the ARV.

What types of properties qualify for hard money loans?

Hard money lenders typically finance single-family homes, 2-4 unit properties, small multifamily (5-20 units), mixed-use, and some commercial properties. Distressed properties in need of renovation are fine — that's the point of hard money financing.

Get a Hard Money Loan Quote for Your Indianapolis Deal

Tell Greg about your deal and get a fast, no-obligation rate quote. Bring your purchase price, estimated ARV, and renovation budget and Greg will help you find the right lender and structure your financing.

📞 Call or Text: (317) 603-0912
📧 Email: greg@mortgagebrokerindy.com
🔗 See also: DSCR Loans for Investment Properties | FHA 203k Rehabilitation Loans

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