HARD MONEY LENDER IOWA

Yes, Loan Goat funds investor real estate loans across Iowa, including Des Moines, Cedar Rapids, Davenport, Sioux City and Iowa City. We are a veteran-owned direct lender with in-house capital, 1.3K+ closed loans since 2022 and lending experience across 46 states. Business-purpose and non-owner-occupied property is the core. Smaller Midwest markets are normal for us rather than an exception to argue about.

Yes, loan sizes run from $150,000 up to $25,000,000 on business purpose bridge, so a modest Woodbury County rental sits comfortably inside the range. Plenty of lenders set a floor that quietly excludes most of Iowa. We underwrite the property, so a deal either works on its merits or it does not, regardless of the figure on the purchase contract.

Yes, Johnson County rentals near campus work on rental property loans underwritten to the lease, and on bridge when you are buying a tired house to reposition before the academic year starts. Iowa City rental demand is steady and predictable, which is exactly the profile a DSCR loan is designed for. Send the rent roll or your projected rents with the purchase price.

Most loans close in 5 to 7 days, and a clean bridge file can fund in as fast as 3 days. Polk and Linn county title work is usually straightforward, which helps. Because our capital is in house, there is no outside investor approval step waiting behind ours. Get us the address, the price and the plan, and real terms follow quickly.

Credit is reviewed, but the property carries the decision. These are business-purpose loans on non-owner-occupied real estate, underwritten to value, exit and the strength of the deal. Investors turned down by a bank for self-employment, a recent event on file or thin documentation are routine business here.

Bridge money runs from 9.00% to 13.00% and moves with leverage, property type, exit and experience. Rental loans price lower because the property carries the debt, from 6.50% on the Non-QM tier. Every quote is written before an appraisal is ordered, so you are never chasing a number that changes at the closing table.

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.

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.