Profile
Richmond Mortgage Inc. is an asset-based lender offering hard-money financing to real estate investors.
Since 2000, we’ve funded a total of $100 Million to investment businesses developing single-family homes, land, multi-family, and commercial properties in Virginia, Washington, D.C., and Maryland. Lenders in Richmond VA. Upon approval, we provide fast funding of loans secured solely by your real property—no credit check required. Whether you are doing a fix-and-flip, a rehab, or new construction, or just need a bridge loan, we’re here to help. Let us become part of your investment team. Lenders in Richmond VA.
The Richmond Mortgage Inc. lending process is fast (1 hour to 24 hour approval), low doc, and NO credit check.
Fill out our five-minute online loan application or call us to start the process. (No credit application and NO credit check required.)
Our Lending Terms
- Fix & Flip, New Construction, Long Term Rental
- RMI offers commercial loans (registered business entities only); single-family and multi-family homes, commercial properties, and land as collateral.
- Our maximum loan-to-value ratio (LTV) is 70% of the after-repair value of a single-family home. Higher loan amounts for long-term rentals.
- LTVs for multi-family homes, commercial properties, and land may vary.
- APR: 8% to 12.5%.
- Payoff timeline: 9 to 12 months. Extensions are available. Long-term loans are available for rentals.
- Pre-Payment: No pre-payment penalty
- No up-front closing fees or points: You pay points when you sell or refinance your property, of 2% to 10% of the loan amount.
- 2nd MORTGAGES NOW AVAILABLE
- JOINT VENTURES NOW AVAILABLE
Where We Lend
- Richmond*
- Fredericksburg
- Hampton Roads
- Virginia Beach
*No loan minimum in this municipality. Projects in all other areas have a $50,000 minimum loan requirement.
Fill out the five-minute loan application or call Mike Krumbein at (804) 414-8690 or Lisa Girardi at (804) 414-0536 to kick-start the next step of your investment success story.