Interest rates 10–12%
Lake Norman
Hard Money Real Estate Loans
Up to 80% loan-to-cost with instant term sheet + proof of funds.
Why Us
Lake Norman
Other Lenders
Our Benefits
We’re hard money lenders and real estate investors. We fund your deals faster because we speak your language and share your goals.
Fast Decisions (24–48 hours)
Get a decision fast. Funding in days, not weeks, so you never miss a deal.
Investor-First Mindset
We see based on your project’s potential, not just your credit score.
Local NC Expertise
We know the markets and understand your competition.
Draws Paid Fast
Keep your project moving and on budget without draw delays.
Reviews
See what investors are saying about our speed, reliability, and transparency.
“I needed a quick hard money loan to close on a property in Mooresville, and Lake Norman Private Money Lender delivered. The process was straightforward, and funding happened in just a few days. Highly recommend them if you need fast, reliable financing!”
Jason M.
Investor
“Working with Lake Norman Private Money Lender was a breeze. They were transparent about terms, very responsive, and helped me structure the loan to fit my project. I’ve already referred a couple of fellow investors to them.”
Emily R.
Investor
“Lake Norman Private Money Lender saved the day when my traditional bank loan fell through. The approval was fast, the staff was professional, and I got the funding I needed without unnecessary delays.”
Michael S.
Investor
“As a first-time investor, I was nervous about taking a hard money loan, but the team at Lake Norman Private Money Lender made everything simple. They walked me through every step and made sure I understood the repayment terms. Excellent service!”
Sarah T.
Investor
“These lenders understand real estate investing and move fast. I got a short-term loan for a rehab project, and everything closed smoothly. Very impressed with their professionalism and speed.”
David L.
Investor
“I needed a bridge loan for a rehab property, and Lake Norman Private Money Lender made it seamless. The team was professional, funding was quick, and the terms were clear. I’ll definitely work with them again for future projects.”
Laura B.
Investor
Our Process
With our streamlined steps, funding your deal is straightforward, not stressful.
Our Values
As hard money lenders and real estate investors ourselves, we understand your goals and challenges—and we provide the funding and guidance you need to succeed. From acquisitions and rehabs to ground-up construction, we’re your partner in building wealth, growing your portfolio, and achieving lasting impact.
Have a question?
Cities
We are your boots-on-the-ground partner, funding investment properties across all major NC markets.
Don’t see your city listed? We can help. Contact Us
FAQ
What is a hard money loan?
A hard money loan is fast, short-term financing secured by the investment property itself, focusing on the asset’s value and potential rather than the borrower’s credit score, typically used for renovations or quick acquisitions.
How is hard money interest calculated?
Reputable Hard Money Lenders like Lake Norman Private Money Lending offer interest-only repayment terms. For example, if you were offered a $200,000 hard money loan, with a 10% interest rate, your monthly payment would work out to $1666.66. Here’s how it works:
- Amount Borrowed: $200,000
- Annual Interest Rate: 10%
- Monthly Repayment: Amount Borrowed * Annual Interest Rate / 12
- Monthly Repayment: $200,000 * 10% / 12
- Monthly Payments: $1666.66
In other words, your monthly payment only covers the interest portion of the capital that was borrowed. However, you are required to pay back all the capital that was borrowed when the hard money loan expires.
It helps to think of it as a balloon payment, but instead of paying a portion of the capital back, your balloon payment covers 100% of the amount borrowed.
How much do you have to put down on a hard money loan?
In most cases, the house flipper is required to put down between 10% and 20% of the project cost in order to initiate a hard money loan. For example, if the hard money lender covers 85% of the project cost, the investor would need to cover the shortfall of 15%.
What is the origination fee (hard money loan points)?
The origination fee is an additional cost associated with hard money loans. It usually ranges from 1-3% of the loan, but this is ultimately up to the lender that you choose. It is the expense that the lender charges the borrower to cover all the costs associated with initializing the loan.
So, if your loan amount is $200,000 and the origination fee is 1%, that would result in a cost of $2,000.
How long does approval take?
Speed is one of our greatest advantages—we know that in real estate investing, the difference between a good deal and a missed opportunity is often measured in days.
You can get pre-approved online in 5 minutes and receive an instant term sheet and proof of funds. Our full, final approval process is typically completed in 24–48 hours after submitting all necessary documentation. We then aim to close and fund your loan in 7–10 days, keeping your project momentum high.
What are typical rates and terms?
We offer competitive, straightforward financing designed by investors for investors.
- Interest Rates: Our interest rates generally range from 10–12%.
- Loan-to-Cost (LTC) / Loan-to-Value (LTV): We offer financing up to 80% Loan-to-Cost for our Hard Money Loans and up to 80% After Repair Value (ARV) for Fix & Flip projects.
- Loan Terms: Our short-term loans for flips are typically 6–12 months. Our long-term rental product offers a stable 10-year fixed product for stabilized properties.
Why do people use hard money loans rather than traditional loans?
While the interest rates on traditional loans are typically lower than hard money loans, the approval process is far more stringent and time-consuming. This can be a dealbreaker when you spot an opportunity for a fix and flip. In most cases, you need to move swiftly in order to capture the deal. That is why a hard money lender like Lake Norman Private Money Lending can be so useful to investors. Effectively you get:
- Flexible loan terms
- Easy loan applications
- Less stringent financial requirements
- Speedy approval and closing
- Instant proof of funds
Can I get funding for a rental property?
Yes, absolutely. We recognize the importance of building a passive income portfolio. We offer a dedicated 10-year fixed product for stabilized rental properties. This is designed to help you secure long-term, reliable financing that supports your wealth-building strategy.
Do you fund out-of-state deals?
While we are experts in the North Carolina market and provide boots-on-the-ground support across all major NC cities, we do not currently fund out-of-state deals.
Do you need to apply with an LLC to qualify for funding?
Yes, for nearly all private money loans, the borrower is required to be an entity (typically an LLC). Hard money loans are almost exclusively used for business or investment purposes, requiring the borrower to be a business entity, not an individual. We can provide guidance on this step to ensure you are properly structured for your investment career.
