Broker, not a lenderHard Money Lenders inCleveland, Ohio
Fix and flip, DSCR rental and new construction financing for Cleveland investors. We do not lend our own money, we shop your deal across a 400+ lender network and come back with real terms you can compare on total cost.
Prefer to talk it through? Call or text Micah at (281) 636-5682.
What you get working with us
Price a Cleveland deal right now
Prefilled with a realistic Cleveland deal. Change any number and it reprices instantly on the lanes licensed in Ohio, using the same engine behind our term sheets.
Financing a deal in Cleveland
Cleveland houses are cheap to buy by big-city standards, and that is exactly why it takes discipline to flip here. The city is full of century-old wood-frame colonials and Cleveland doubles, the up-and-down two-family houses, plus 1920s and postwar bungalows out in West Park and Old Brooklyn. The west side neighborhoods have steady owner-occupant demand. The east side is cheaper and harder, and a lot of houses there pencil better as rentals than as resales.
A Cleveland deal is decided street by street, because the gap between a strong block and a weak one is huge and the price of the purchase doesn’t tell you which one you’re on. West Park, Old Brooklyn and the Detroit Shoreway area sell to owner-occupants and move quickly; parts of Slavic Village, Union-Miles and Collinwood still have vacancy, and the finished house can end up the best one on a block that appraisers won’t pay up for. Prices in the city rose sharply over the past year, which helps, but it also brought in out-of-state buyers bidding up the shells. Walk the block before you write the offer.
What a Cleveland deal looks like on paper
Cleveland example: $115,000 purchase, $45,000 rehab, $225,000 after repair value, 730 credit, first flip. The engine puts that borrower on the Best Rate program at 9.49%. Imagine a 1920s colonial near Kamm’s Corners in 44111 needing a roof, a boiler swap, a new kitchen and lead-safe paint work. Every number below is what the instant term sheet prints for that deal, so the picture cannot contradict the page.
- Down payment (15%)You$17,250
- Origination (0.5%)Lender$2,000
- Doc prepLender$749
- Broker fee (1%)Broker$2,000
- Title and closingTitle$3,041
- Prepaid interest (15 days)Lender$557
- Property insuranceInsurer$1,520
- AppraisalAppraiser$550
Interest while you rehab: $773 a month on the $97,750 funded at closing, $1,129 once every draw is out. Proof of funds is cash to close plus $13,500 of rehab reserve and $6,773 of interest reserve. Sample borrower, sample address; the sheet is issued by the same engine as the borrower’s instant term sheet.
What we can fund in Cleveland
| Program | Down payment | Min credit | Experience | Rate | Origination | Max loan | Term | Close |
|---|---|---|---|---|---|---|---|---|
| Best Rate | 15% | 700+ | First flip OK | 8.99% to 9.49% | 0.5% | 75% of ARV | 12 months | 14 days |
| 5% Down, 3+ Flips1 | 5% | 600+ | 3+ completed flips | 11.00% to 12.00% | 2% | 75% of ARV | 12 months | 7-14 days |
| 5% Down, 5+ Flips2 | 5% | 660+ | 5+ completed flips | 9.99% to 10.99% | 2% | 75% of ARV | 9-24 months | 10-14 days |
| Fastest Close (3 days) | 10% | No minimum | First flip OK | 11.99% | 2% | 75% of ARV | 6 months | 72 hours |
- Origination steps down with experience: 1.5% at 5+ deals, 1% at 8+.
- Rate is set per file from 9.99%; origination about 2% plus a $995 processing fee.
Origination has a $2,000 minimum on every program and the broker fee is 1% with a $2,000 minimum. These are the numbers the instant term sheet uses as of September 2026. Strong credit, cash and a track record can price lower through specific lenders in the network.
What the Cleveland comps say
Redfin puts the Cleveland median sale price at $150,000 for the three months ending August 2026, up 11% from a year earlier, with homes selling in about 32 days. Zillow’s home value index for the city is $120,419, down 1.4% over the year. In West Park, 44111, where our example sits, Redfin’s median is $205,000 and homes sell in about 18 days.
| Median sale price, Cleveland (Redfin, 3 months to Aug 2026) | $150,000 |
| Days on market, Cleveland (Redfin) | 32 |
| Zillow home value index, Cleveland (Aug 2026) | $120,419 |
| Median sale price, 44111 West Park (Redfin) | $205,000 |
| Days on market, 44111 (Redfin) | 18 |
Sources: Redfin, Cleveland housing market · Zillow, Cleveland home values · Redfin, 44111 housing market · City of Cleveland, Lead Safe Certification
How a Cleveland file actually gets priced
In Cleveland we care as much about which comps are real as what they say. A lot of sales here are investor-to-investor, cash, and unrenovated, and they drag an average down; a few retail flips on the same street tell you the actual ceiling. We use closed, financed sales of renovated houses in the same neighborhood from the last 90 days, and on a double we want rent comps for both units. Cuyahoga County’s records aren’t always right on bedroom counts and finished attics in the older colonials, so bring the floor plan.
Nearly everything in the Cleveland flip stock was built before 1978, and the city requires rental units to carry a Lead Safe Certificate, so a flip that might become a rental needs lead-safe work in the scope from day one. The other big line items are the ones a hundred-year-old house brings with it: a slate or aging shingle roof, a boiler or old gravity furnace, knob and tube wiring, clay sewer laterals and a wet basement after lake-effect winters. Permits run through the city’s Department of Building and Housing. And check that the county land bank or the city doesn’t have open violations on the address before you close, because they transfer with the house.
Who buys your finished Cleveland deal
West Park and Old Brooklyn flips sell to first-time buyers who work at the Cleveland Clinic, University Hospitals, the airport or downtown and want a garage, a dry basement and updated mechanicals. FHA is common, so expect the inspection list. On the east side, and with doubles almost anywhere, the stronger exit is often a DSCR refinance into a rental, because rents run high compared to what the houses cost to buy. Price both before you pick your scope.
Your whole loan, in one portal
Apply once and the whole Cleveland loan lives in the borrower portal: the term sheet you can accept and sign in the browser, where the loan stands, one place for documents, and the list of what the lender is still waiting on. These are real screens from the portal.
What we fund in Cleveland
Fix & Flip
Purchase plus 100% of rehab, released in draws. The core product in Cleveland.
DSCR Rental
Qualifies on the property’s rent, not your W-2. The usual exit when a flip becomes a hold, and the long-term financing on a BRRRR.
New Construction
Ground-up for builders and infill developers, with a draw schedule matched to the build timeline.
Where we lend in Cleveland
We broker deals across the whole Cleveland market. These are the submarkets investors ask us about most:
From deal to funded
Send the deal
Address, purchase price, rehab budget and your ARV. Three minutes, no credit pull.
We shop it
Your scenario goes to the lenders in our network that actually fit it and are licensed in Ohio, not all 400 at once.
Real terms back
Rate, origination, leverage and cash to close side by side, so you can compare on total cost.
Close
7 to 10 days typical. We stay on title and the lender through funding.
Cleveland hard money FAQ
Do you lend hard money in Cleveland?
Which fix and flip programs apply in Cleveland?
How fast can a Cleveland hard money loan close?
How much do I need to bring to close on a Cleveland flip?
Do you fund the rehab budget in Cleveland?
What credit score do I need for a Cleveland fix and flip loan?
Can I refinance a Cleveland flip into a rental loan?
Should I flip or hold a Cleveland house?
What does the lead-safe rule mean for a Cleveland flip?
Ready to fund your Cleveland deal?
Submit your scenario in under 3 minutes. We shop it and come back with real terms, not a generic rate sheet.