Who Do We Lend To?

Leahy Partners Ltd. is a privately funded mortgage lender providing short and long-term equity based loans for residential and commercial real estate.

We specialize in unique and creative loans.

As a direct lender our hands are not tied by traditional requirements, such as ratios and other institutional criteria.

We will consider innovative types of real estate collateral or liens in order to facilitate your financial goals.

If you have equity in real estate and are looking for a fair and flexible loan from $30,000 to $1,000,000 contact Leahy Partners Ltd. Since we fund our loans with our own capital, our process is quick, efficient and offers very competitive rates. We differ from many private mortgage lenders.

We only lend on commercial properties and only equity based loans.

Hard money loans are ideal for situations such as:

Fix and Flips
Land Loans
Construction Loans
When the Buyer has credit issues.
When a real estate investor needs to act quickly.

Rates and terms are flexible and depend on the loan type and term of the loan. the LTV or loan to value is also taken into account when determining the interest rate.

Leahy Partners never charges points on any loans we fund.

Real estate investors choose to use hard money for many different reasons. The main reason is the ability of the hard money lender to fund the loan quickly. In most situations, hard money loans can be funded within a week. Compare that to the 30 – 45 days it takes to get a bank loan funded. The application process for a hard money loan generally takes a day or two and in some cases, a loan can be approved the same day. Good luck hearing back about a loan approval from your bank within the same week!

The ability to obtain funding at a much faster rate than a bank loan is a significant advantage for a real estate investor. Especially when the real estate investor is trying to acquire a property with many competing bids, a quick close with a hard money loan will get a seller’s attention and set their offer apart from the rest of the buyers offering slow conventional financing.

Another reason a borrower may choose to use a hard money loan is that they have been rejected by the banks for a conventional loan. Life doesn’t always go as planned. Short sales, foreclosures, credit issues… they happen. Another important thing banks need to see is income history. If a potential borrower recently started a new job, the bank may deny the loan request due to insufficient income history, even if the borrower makes a healthy income. Hard money lenders are able to look past these issues as long the loan be repaid and the borrower has enough equity invested in the property.

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