Hard Money Lenders in the Philadelphia Area

Rehabbing & House Flipping
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Hard Money Lenders in the Philadelphia Area

Matthew Gonglik
Philadelphia, PA · Member since 2017 · 6 posts · 1 vote

Hi everyone- I am a BRRRR investor looking for a reputable HML in the Philly area. I currently use a private lender, but he'll only lend on the purchase, not the rehab. For the rehab I've been using a personal line of credit. I've read the countless horror stories here on BP regarding some HMLs and I'm trying to avoid those guys. What companies are you guys using?

Thanks for your help!

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Louise Cornell
Wholesaler · Philadelphia · Member since 2020 · 45 posts · 72 votes
5y

@Matthew Gonglik My investors have had amazing experiences with iFundCities, Rehab Financial Group, and Spring Garden Lending. By amazing I mean very communicative, easy to work with, met deadlines, and stayed true to their loan terms. Stay away from Lima One (this goes for all cities)! If you need direct contacts for the companies I mentioned, send me a PM. 

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  • Kirk Bazile
    Real Estate Agent · Member since 2021 · 7 posts · 2 votes
    5y

    Hey @Matthew Gonglik I use Crowdcopia, they will fund a percentage of the purchase and the rehab. they are extremely down to earth and understand what goes into rehabbing a property. they are in Lansdowne if you're  interested. Good luck! 

    1Reply
  • Jonathan GreeneBusiness Member
    Real Estate Consultant · Madison, NJ · Member since 2016 · 6k+ posts · 7k+ votes
    5y

    You don't need a HML in the Philly area, you need one who can evaluate the market and Philly is a good market for HML because it's pretty hard to lose money right now unless you buy absurdly high or mismanage your flip or BRRRR.

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  • Louise Cornell
    Wholesaler · Philadelphia · Member since 2020 · 45 posts · 72 votes
    5y

    @Matthew Gonglik My investors have had amazing experiences with iFundCities, Rehab Financial Group, and Spring Garden Lending. By amazing I mean very communicative, easy to work with, met deadlines, and stayed true to their loan terms. Stay away from Lima One (this goes for all cities)! If you need direct contacts for the companies I mentioned, send me a PM. 

    2Reply
  • Matthew Gonglik
    OP
    Philadelphia, PA · Member since 2017 · 6 posts · 1 vote
    5y

    @Kirk Bazile cool! thanks for your response.  I'll definitely check them out!

    0Reply
  • Matthew Gonglik
    OP
    Philadelphia, PA · Member since 2017 · 6 posts · 1 vote
    5y

    @Louise Cornell  Thank you!  I just sent you a message.

    0Reply
  • Matthew Gonglik
    OP
    Philadelphia, PA · Member since 2017 · 6 posts · 1 vote
    5y

    @Jonathan Greene  Thanks for the info!

    0Reply
  • Frank McGovern
    Philadelphia, PA · Member since 2009 · 97 posts · 31 votes
    5y

    @Matthew Gonglik

    I’ve borrowed a lot from Crowdcopia in the past and they were great to work with

    0Reply
  • Richard Loniewski
    Real Estate Agent · NJ · Member since 2021 · 572 posts · 127 votes
    5y

    Check out Builders Trust Capital. We lend at 80% LTV and have other programs specifically for BRRRR. Fast and transparent. https://builderstrustcapital.c...

    0Reply
  • Vincent Chen
    Real Estate Investor · Philadephia, PA · Member since 2016 · 214 posts · 36 votes
    4y

    Follow this thread again, any good active hard money lenders in Philadelphia recently?

    1Reply
  • Rob LawrenceBusiness Member
    Real Estate Agent · West Chester, PA · Member since 2017 · 272 posts · 98 votes
    4y
    Quote from @Vincent Chen:

    Follow this thread again, any good active hard money lenders in Philadelphia recently?


     I know a few!  Can get you connected 

    0Reply
  • Vaughn Smith
    Investor · NJ · Member since 2017 · 786 posts · 396 votes
    4y

    This is an old post but for anyone who needs a lender you should reach out to Tony at Housemax Funding he communicates well, does a bit of coaching and has several options depending on the deal, your level of experience etc

    1Reply
  • Ryan Deasy
    Lender · Farmington, CT · Member since 2015 · 542 posts · 321 votes
    4y

    @Vincent Chen i know a great one. was huge for me when i was getting started buying deals with little money. 

    0Reply
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