Private & Hard Money Lenders in Newport News city, VA
11 lenders funded 55 short-term investment-property loans in Newport News city in 2024 at a median rate of 10.15%. Ranked by verified loan volume — not paid placement.
Newport News city hard money lenders by 2024 loan count
| # | Lender | Hard money loans | Median rate | DSCR loans |
|---|---|---|---|---|
| 1 | KIAVI FUNDING, INC. | 22 | 10.95% | 6 |
| 2 | Easy Street Capital LLC | 8 | 10.90% | — |
| 3 | 1ST ADVANTAGE FEDERAL CREDIT U | 5 | 9.00% | 3 |
| 4 | TowneBank | 4 | 8.25% | 7 |
| 5 | Loan Funder LLC | 4 | 11.25% | 1 |
| 6 | Merchants Bank of Indiana | 4 | 7.85% | — |
| 7 | LIMA ONE CAPITAL, LLC | 3 | 10.15% | 6 |
| 8 | Armed Forces Bank, N.A. | 2 | — | — |
| 9 | ABL RPC Residential Credit Acquisition LLC | 1 | — | 1 |
| 10 | RPE Home, Inc | 1 | — | — |
| 11 | UNITED BANK | 1 | — | — |
DSCR / long-term rental lenders in Newport News city
These lenders reported only longer-term (>36 month) business-purpose rental loans here in 2024— a different product from hard money, listed separately so the two aren't conflated.
Frequently asked questions
11 lenders reported short-term, business-purpose investment loans in Newport News city in 2024 verified lending records — 55 loans totaling $77.2M. Smaller local lenders below public reporting thresholds may also operate here.
The median note rate across Newport News city's active lenders was 10.15% in 2024, with per-lender medians ranging from 7.85% to 11.25%. Hard money runs well above conventional mortgage rates because loans are short, asset-based, and close fast.
Verified public lending records for 2024. We count originated, business-purpose loans on investment properties with terms of 36 months or less — the bridge and fix-and-flip products hard money lenders make. Rankings reflect verified loan counts, never paid placement.