Hard Money Lenders in Manchester, New Hampshire

By admin, Hard Money Lenders IO

Hard Money Lenders in New Hampshire

Manchester is the biggest city in New Hampshire, as well as the biggest city in Maine, Vermont, and the whole northern New England region. It has a population of over 115,000 people, as of the 2020 census. It is in Hillsborough County, and it is named after Samuel Blodget Park, an investor and merchant from Manchester. It was a city initially modeled after Manchester in England, the first industrialized city in the world. Manchester is also known for being very affordable and being great for small businesses and upward mobility. It is known for a variety of higher education institutions, including Unviersity of New Hampshire at Manchester and Southern New Hampshire University. 

According to Niche, Manchester is one of the best cities for young professionals in America. It’s a very diverse city with great night life. It also has an urban suburban mixed feel where most people rent their homes. It has lot of restaurants and coffee shops, which is in line with its reputation for being great for young professionals. It is also home to significant parks and green space. Right now, the median home value of Manchester is $241,600, and the median rent is $1,160. 

Manchester is currently a seller’s market, much like the rest of the country during an unprecedented housing bubble. It is a place where demand is outpacing supply and where real estate investors are getting into bidding wars over some of the best real estate in the city. Homes are selling very fast and for higher than listing price.

What this means is real estate investors in Manchester should look into hard money loans. Hard money loans are also known as short-term bridge loans and last resort loans, but these loans are known for their very fast speeds of approval. Hard money loans can be approved in only a few days, which is exponentially faster than the average approval speed for traditional mortgage loans. Mortgages generally need a month or more to be approved, which can be a major disadvantage in a seller’s market. Hard money lenders usually give investors a competitive edge because it’s imperative for investors to put down faster bids.

Mortgages and hard money loans are different because they use different assets as the basis of their loans. Mortgages use the credit score of the borrower as the asset, and rely primarily on financial standing. Hard money loans use the property as the asset. It’s not like they don’t depend on credit at all — hard money loans require minimum credit scores of 600 to 620. A good credit score also helps hard money lenders get better interest rates. Hard money loans also use the property as collateral. If a borrower defaults on a hard money loan, it’s a significantly different process than a mortgage. The lender immediately becomes the homeowner, and tries to flip the home for a profit themselves.

This is a very risky proposition, which means hard money loans have a lot of risks to go along with their advantages. They are associated with higher interest rates, lower LTV ratios, and much shorter repayment periods than traditional mortgage loans. Hard money loans need to be repaid within a year on average, which is much faster than mortgages. They also have interest rates around 8–15%, which are much higher than even the soaring interest rates of 30 year mortgages in the present housing market (5.6% on average). 

It’s important for an investor to get the best terms and rates, and only trust the best hard money lenders. That’s why we at Hard Money Lenders IO have made a list of the best hard money lenders in Manchester. 

Hard Money Lenders IO

The team at Hard Money Lenders IO have been lending on investment properties to real estate investors. Every member of our team is dedicated to providing the clients we serve with fast, affordable financing solutions so that they can have access to the funding they need. Hard Money Lenders IO has adjustable guidelines and customized lending programs for borrowers.

Loan Amounts from
100K to 5M+

Rates starting at

Speedy Closing
Close in Days!


LendingOne is a private money lender, specializing in the financing of non-owner occupied residential investment properties. Lending One provides Mortgage Brokers and Real Estate Investors with a fast and cost effective funding source for their real estate investment needs.

LendingOne uses our own capital, an easy online application and our extensive real estate experience to provide quick and reliable funding for our clients.

Our Loan Programs include:

Fix & Flip
Buy & Hold
Rate & Term
Cash Out Refinance
Bridge Financing
Wholesale Lending

Learn More

Call Now ButtonCall Now