© WHERE WE LEND CEDAR RAPIDS · IA
HARD MONEY LENDER CEDAR RAPIDS
Hard money for Cedar Rapids and Linn County: written terms first, wire in five to seven days.
CALL OR TEXT US (619) 617-2797
- GOOGLE RATING 150+ REVIEWS
- CLOSED LOANS SINCE 2022
- LOANS FUNDED ACROSS 46 STATES
- VETERAN OWNED Company NMLS 1416824 · Branch NMLS 2554618
Cedar Rapids is Iowa's second city, a working river town in Linn County where the Cedar River splits the map and the corridor toward Iowa City keeps demand moving. Czech Village and New Bohemia rebuilt into the market's most interesting blocks, while Wellington Heights, Mound View and the Kingston Village side of the river carry most of the rental trade.
Every program on this site is available on Cedar Rapids property and across Linn County. Investors who also buy in Iowa City, Davenport and Des Moines run those deals through the same desk, which is the point: one lender who already knows the borrower, the entity and the exit strategy.
A Cedar Rapids investor gets a direct line to the lender. No intake team, no file handed down a chain, no bank underwriter three weeks out. Written terms come first, then title and escrow, then the wire, usually inside five to seven days.
© THE COST CEDAR RAPIDS · IA
WHAT DO CEDAR RAPIDS HARD MONEY LOANS COST
What a Cedar Rapids hard money loan costs comes down to four things: the leverage, the property, the exit and how much documentation you want to hand over. Bridge money runs from 9.00% to 13.00%, with leverage up to 75% on residential and 70% on commercial, on one or two year terms.
Terms arrive in writing first. That is deliberate: a Cedar Rapids borrower should be able to underwrite the lender before spending a dollar on third-party reports. Bridge loans carry no prepayment penalty, so paying off early costs nothing but the days you used.
| PROGRAM | RATES | LEVERAGE UP TO | TERMS | LOAN AMOUNTS |
|---|---|---|---|---|
| BRIDGE LOAN | 9.00% to 13.00% | LTV 75% | 1 or 2 years | $150,000 to $25,000,000 |
| FIX & FLIP | 9.99% to 12.00% | LTV 85% of purchase, LTC 100% of rehab | 6 to 18 months | $250,000 to $10,000,000 |
| RENTAL DSCR | 6.50% to 9.99% Non-QM | LTV 80% | 5, 7, 30 and 40 year fixed | Sized to the property |
Starting rates for qualified borrowers, from the published terms cards. Points and fees are quoted on the Letter of Intent. Rates are subject to change without notice and are not a commitment to lend.
Those numbers are the ceiling and the floor. A Cedar Rapids deal gets priced inside them once the property and the exit are on the table, usually the same day the file is opened.
© WHY LOAN GOAT CEDAR RAPIDS · IA
WHY LOAN GOAT IN CEDAR RAPIDS
- CLOSED LOANS SINCE 2022
- LOANS FUNDED ACROSS 46 STATES
- GOOGLE RATING
- REVIEWS
The reason investors move a Cedar Rapids file to a private lender is time. A bank takes thirty to sixty days and asks for two years of returns. This desk takes five to seven days and asks for the address, the price and the plan. In a market where the seller has other offers, that is the whole deal.
You are mostly buying pre-war frame houses, American foursquares and bungalows on narrow city lots, with post-war ranches ringing the older neighborhoods and older brick storefronts along the near-downtown corridors. Every one of those property types is on the eligible list.
Rental cash flow leads here, with duplex and small multifamily the workhorse. Rehab-and-hold in Wellington Heights and Mound View suits patient capital, and commercial conversion in New Bohemia rewards anyone who can carry a project through construction. Whichever of those plays is on the table, there is a program written for it.
THE PROCESS
- Complete your application
- Submit required documentation
- Sign your Letter of Intent
- We process and close your loan in 5-7 days
CEDAR RAPIDS DEALS, FUNDED FROM SAN DIEGO.
Linn County files run on the same terms as the home markets: written quote first, appraisal once terms are agreed, wire in five to seven days. 1.3K+ closed loans since 2022 and $1.5B+ funded across 46 states.
© LOAN SCENARIOS CEDAR RAPIDS · IA
MOST COMMON CEDAR RAPIDS LOAN SCENARIOS
- 1031 EXCHANGE Exchange deadlines do not move, so Cedar Rapids replacement purchases get funded on the calendar, not on a bank's.
- AUCTION & HUBZU Auction and Hubzu purchases in Linn County funded on the short settlement clocks those platforms run.
- BANKRUPTCY BUYOUT Payoff money to clear a bankruptcy or partner buyout on a Cedar Rapids property before the deadline.
- BANK STATEMENT LOANS Bank statement underwriting for Cedar Rapids investors whose returns do not show the income the deal actually produces.
- FORECLOSURE AUCTION Cedar Rapids foreclosure buys where the money has to be certain before the gavel.
- FOREIGN NATIONAL No US credit history and no domestic tax returns is a normal Cedar Rapids file here.
- NON-WARRANTABLE CONDOS Condos in Cedar Rapids that agency guidelines will not take, financed on their own merits.
- SELF-EMPLOYED Self-employed Cedar Rapids investors underwritten on the property instead of two years of returns.
- VACATION RENTAL Short-term rental acquisitions and refinances in and around Cedar Rapids, underwritten on the asset.
- CASH OFFERS ONLY Cash-equivalent certainty for a Cedar Rapids offer that has to beat financed competition.
© LOAN PROGRAMS NINE WAYS TO CLOSE
LOAN PROGRAMS AVAILABLE IN CEDAR RAPIDS
- BRIDGE LOANS Acquire, recapitalize or stabilize with short-term capital that closes in days, not months. FROM 9.00% · LTV 75% · 1-2 YR
- FIX & FLIP LOANS Buy, renovate and sell or hold, with the rehab funded through draws and no prepayment penalty. FROM 9.99% · LTV 85% · 6-18 MO
- CONSTRUCTION LOANS Ground-up financing with flexible draws through every stage of the build. LTC 80% · 12-18 MO
- RENTAL PROPERTY LOANS Long-term DSCR, portfolio and multifamily term loans that qualify on the property's cash flow. FROM 6.50% · LTV 80% · 30 YR
- COMMERCIAL LOANS Hybrid-term financing for multifamily, mixed-use, retail, office and industrial in major metros. FROM 7.90% · LTV 70% · 1-15 YR
- OWNER OCCUPIED LOANS Short-term bridge financing on the home you live in, with a refinance into a conventional or jumbo loan as the exit. FROM 10.50% · LTV 70% · 11-12 MO
- BANK FINANCING Bank statement, P&L-only and SBA programs for business owners outside the standard mortgage box. TERMS 5 TO 30 YR
- SECOND & THIRD MORTGAGES Second and third lien position loans behind an existing first mortgage. 12-36 MO · BUSINESS PURPOSE
- BLANKET / CROSS-COLLATERAL LOANS One loan across several properties, cross-collateralized when a single asset will not carry the deal. FROM 8.99% · 1-3 YR
© PROPERTY TYPES CEDAR RAPIDS · IA
PROPERTY TYPES WE FINANCE IN CEDAR RAPIDS
- RETAIL Cedar Rapids retail purchase, refinance and cash-out on the bridge program.
- OFFICE Medical and small office buildings in Cedar Rapids, including cash-out to fund a renovation.
- INDUSTRIAL & WAREHOUSE Industrial and last-mile logistics property in Linn County on bridge terms.
- HOSPITALITY: HOTEL & MOTEL Cedar Rapids hospitality assets financed through the renovation and back out again.
- SELF-STORAGE Self-storage acquisition and expansion in Linn County on bridge and commercial programs.
- LAND Linn County land held for development, financed on value and plan.
© THE APPROACH CEDAR RAPIDS · IA
HOW WE LEND IN CEDAR RAPIDS
The comparison is the operating rulebook: high leverage, speed to close, capital that is actually there, low documentation, in-house processing and a rate the deal earns. When a bank says no on a Cedar Rapids file, this desk looks at the property. When the deal does not pencil, you hear it before the appraisal is ordered.
© GOOGLE REVIEWS 5.0 GOOGLE RATING · 150+ REVIEWS
CEDAR RAPIDS BORROWERS, IN THEIR WORDS
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I recently worked with Loan Goat, and my experience was fantastic. From start to finish, the team was attentive, knowledgeable, and genuinely interested in helping me find the best loan options for my needs. They walked me through every...
LUIS GONZALEZ -
Working with Loan Goat has been an absolute game-changer in my home-buying journey! From the start, Milad, brought a level of expertise and care that made the process smooth and stress-free. His team's dedication to customer service is...
ALIZE RIOS -
I recently worked with Loan Goat, and my experience was fantastic. From start to finish, the team was attentive, knowledgeable, and genuinely interested in helping me find the best loan options for my needs. They walked me through every...
LUIS GONZALEZ -
Working with Loan Goat has been an absolute game-changer in my home-buying journey! From the start, Milad, brought a level of expertise and care that made the process smooth and stress-free. His team's dedication to customer service is...
ALIZE RIOS
© QUESTIONS CEDAR RAPIDS · IA
CEDAR RAPIDS HARD MONEY LOANS, ANSWERED
Straight answers to what borrowers ask before they call. Questions we answer elsewhere link to the page that owns them.
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Yes. Loan Goat funds investment property in Cedar Rapids and across Linn County on every program listed on this site: bridge, fix and flip, construction, rental property, commercial, owner occupied, bank financing, second and third mortgages and blanket loans. The desk is in San Diego, the capital is in house, and Cedar Rapids files are underwritten on the property rather than on where the borrower banks.
Request a quote -
Five to seven days is standard and low-doc bridge files have funded in as little as three. The timeline on a Cedar Rapids deal is usually set by title and escrow rather than by underwriting, because the credit decision is made in house by one person. Open title early and the wire follows the written terms.
How it works -
Non-owner-occupied residential from single-family up to four units, apartment buildings, mixed-use, retail, office, industrial and flex, self-storage, hospitality, manufactured housing and land across Linn County. Owner-occupied has its own program. If the Cedar Rapids asset produces or will produce value, there is usually a structure for it.
Property types -
Commercial and bridge lending covers Cedar Rapids and the rest of Linn County, including mixed-use buildings, small retail, light industrial and conversion projects. Business purpose bridge runs up to 75% LTV and scales far beyond what most private lenders will touch. Underwriting centers on the asset and the exit, and there is never a prepayment penalty on any of it.
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The address, the purchase price or current value, what you owe, what you plan to do with the property and how you intend to pay the loan back. That is enough for a written quote. Full-doc income packages are not part of the low-doc programs, which is why a quote arrives in hours rather than weeks.
Request a quote -
Single-family rentals, condos, townhomes, two to four unit buildings, apartment buildings, mixed-use, retail, office, industrial and flex, self-storage, hospitality, manufactured housing and land. Business-purpose and non-owner-occupied is the core of the book, with owner-occupied handled under its own program.
Property types -
Five to seven days is the standard, and low-doc bridge deals have closed in as little as three. Speed comes from the structure, not from cutting corners: in-house capital, one decision maker and minimal documentation. Title and escrow set the floor, so the sooner those are opened, the sooner the wire moves.
How funding works -
No prepayment penalty on the bridge programs. Pay the loan off the day the flip sells or the refinance funds and you owe interest for the days you used the money. That matters when the whole plan is to be in and out inside a year.
All loan programs
© WHERE WE LEND CEDAR RAPIDS · IA
CEDAR RAPIDS, ROUTED FROM SAN DIEGO HQ.
- CLOSED LOANS SINCE 2022
- LOANS FUNDED ACROSS 46 STATES
- Lending footprint, 46 states
- Home markets: California and Arizona
- San Diego headquarters
© GET A QUOTE CEDAR RAPIDS · IA
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