Bridge lenders
Loan Ranger Capital
Loan Ranger Capital is a direct hard money lender for residential investment property. Its programmes cover purchase-and-rehab fix and flip loans, ground-up construction, lot and land purchase or refinance for building, DSCR rental loans for long-term holds or cash-out, and equity or bridge loans against single-family, multifamily and condo projects.
The company describes itself as a balance sheet lender that controls its own capital and makes every decision in-house, with valuation, underwriting, servicing and draws handled internally rather than outsourced. The process is three steps: share the property details, purchase price, construction budget, after-repair value and exit strategy; receive underwritten terms; then sign and fund. Preliminary approval usually comes the same day if a request arrives early, most loans close in roughly one week, and a fully documented file can close in as little as 24 hours. Draw inspections are requested through the borrower portal or by email and generally fund in one to five business days.
Lending limits run from $75,000 to $5,000,000, with 6-12 month interest-only terms and no prepayment penalty on flips and new construction; rental and DSCR loans have their own options. The site advertises rates as low as 6.50%, 8.50% and 9.50% depending on programme. The company will finance 100% of construction costs where the borrower pays the down payment upfront, but requires cash in the deal for closing, interest and cost overruns. It lends only to business entities such as an LLC or corporation, always in first lien position with a title policy, with personal guarantees from the principals, and never on owner-occupied property. There is no minimum credit score, though credit background and payment patterns are reviewed, and first-time investors can borrow at different pricing. The office is at 5000 Plaza on the Lake, Suite 320, Austin, on 512.220.9916.
Property types are residential: single-family, condos, townhomes and duplexes. The company says it will not lend on primary residences, most commercial buildings or very rural properties. The pages reviewed here do not state which states or metros it lends in, so coverage is worth confirming before applying.
Best for
Investors and builders financing non-owner-occupied residential projects through an entity who need same-day answers and fast draws. Not for primary residences, most commercial buildings or very rural property.
What they do
- Fix and flip purchase and rehab loans
- Ground-up construction loans
- Lot and land loans for building
- DSCR rental loans
- Cash-out and equity bridge loans
- Construction draw administration
- In-house loan servicing
- Broker partner programme
Details
| Attribute | Value |
|---|---|
| How they charge | Rates advertised as low as 6.50%; loans from $75,000 to $5,000,000 on 6-12 month interest-only terms, with no prepayment penalty on flip and construction loans. |
What stands out
- Lends from $75,000 to $5,000,000 on residential investment property.
- Terms are 6-12 month interest-only with no prepayment penalty on flips and new construction.
- Most loans close in about a week, and in as little as 24 hours when documents are ready.
- Lends only to business entities, in first lien position with a title policy and personal guarantees.
- Will finance 100% of construction costs when the borrower pays the down payment upfront.
Common questions
- How quickly can a loan close?
- Most loans close in roughly one week from the initial application. Where all documents are ready, Loan Ranger says it can close in as little as 24 hours, and preliminary approval usually comes the same day when a request arrives early in the day.
- What are the lending limits?
- Loans run from $75,000 to $5,000,000, on residential property including single-family homes, condos, townhomes and duplexes. The company does not lend on primary residences, most commercial buildings or very rural properties.
- Does the lender finance the full purchase and rehab?
- Not the full cost. Loan Ranger says it prefers to lend 100% of construction costs with the borrower paying the down payment upfront, but it requires cash in the deal to settle, cover interest during the loan and absorb rehab cost overruns.
- Who can borrow, and is a guarantee required?
- Loans are made only to business entities such as an LLC or corporation, never to an individual, and personal guarantees from the principals are required. The company lends only in first lien position with a title policy.
- Is a minimum credit score required?
- No minimum is published. The company says it reviews credit background and payment patterns and looks for other strengths in a deal when credit is poor. First-time investors can borrow, though experience affects pricing.