MoFin Lending is a direct lender specializing in hard money and bridge loans for real estate investors, offering quick closings and transparent pricing for fix-and-flip, rental, and construction properties.
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MoFin Lending operates as a direct hard money lender focused exclusively on real estate investors rather than traditional homebuyers. The company positions itself as an alternative to conventional mortgage lenders by targeting investors seeking rapid funding for investment properties across multiple strategies including fix-and-flip projects, rental property acquisitions, and ground-up construction. MoFin markets itself as a listed lender that understands investor needs and offers flexibility that traditional banks typically don't provide.
MoFin offers three primary loan products: Bridge Loans (12-18 month terms for fix-and-flip and value-add properties with rates from 8.25%-10.25%), Rental Loans (30-year fixed-term loans for single properties or portfolios with rates from 5.75%-7.875%), and Construction Loans (12-18 month terms for 1-4 unit residential properties with rates from 8.50%-10.50%). All loan products require a minimum loan amount of $150,000. The rental loan product notably qualifies borrowers based on rental property income rather than personal income, and includes options for short-term rentals like Airbnb and VRBO properties. Bridge and construction loans include no prepayment penalties and interest-only options.
MoFin distinguishes itself through three claimed differentiators: a quick, online-based process with dedicated team members for borrower support; listed upfront pricing with term sheets provided immediately after pre-qualification and explicit promises of no fees to verify; and "certainty of close" stated terms where the lender commits to either closing on the borrower's timeline or providing the earliest feasible close date. The company emphasizes direct lending without passing loans through multiple intermediaries, and borrower testimonials highlight funding for portfolios of 100+ properties and refinancing of 15+ single-family rentals by repeat clients.
However, MoFin's loan products come with significantly higher interest rates than conventional mortgages (8.25%-10.50% on short-term products, 5.75%-7.875% on rental products), reflecting the hard money lender model. The company's focus is exclusively on investment properties—not primary residences, owner-occupied homes, or borrowers without real estate investment experience. Minimum loan amounts of $150,000 exclude smaller investors. While marketed as "listed," the website provides limited detail about underwriting criteria, loan-to-value ratios, required down payments, or specific closing cost structures. The lender's products are designed for a niche audience of active real estate investors with established portfolios or experienced operators.
This is state-level context for Business Loans consumers in New York, NY. It does not confirm that MoFin Lending or this specific location is licensed.
State regulator
New York Department of Financial Services
Consumer protection
Status: Permitted
Rate context: 16% civil usury cap; licensed lenders may negotiate rates for certain loan types
Personal loans from licensed lenders are permitted. Unlicensed lenders are subject to the 16% civil usury cap unless a specific exemption applies. Rates above 16% are civil usury; rates above 25% are criminal usury.
Status: Permitted
Rate context: 16% civil usury cap for unlicensed lenders; licensed lenders may negotiate rates under Banking Law
Installment loans are legal in New York. Licensed lenders have greater flexibility in rate negotiation; unlicensed lenders are subject to the 16% civil usury cap. Consumer Protection Act (Gen. Bus. Law Article 22-A) requires clear disclosure of all terms.
Source: CreditDoc state-law summary and listed public regulator resources. Verify licensing directly with the listed state regulator before relying on a provider.
MoFin Lending offers 12 services including Bridge loans for fix-and-flip, BRRRR strategy, ground-up construction, and value-add properties, 12-18 month bridge loan terms with no prepayment penalties, 30-year fixed rental property loans with interest-only options, Single property and portfolio rental financing, Construction loans for 1-4 unit residential properties, and 7 more.
MoFin Lending has profile signals associated with Active real estate investors with established portfolios seeking rapid funding for fix-and-flip or value-add projects, Rental property investors and landlords needing long-term financing for single properties or portfolios without personal income requirements, Short-term rental operators (Airbnb/VRBO) and investors who need lenders willing to qualify on rental income rather than traditional employment.
Key strengths: No prepayment penalties on bridge and construction loans, allowing investors to refinance or pay off early without fees; Rental loans qualified on rental property income only—no personal income verification required, beneficial for investors with irregular personal income; Explicit upfront pricing with term sheets provided within one business day of pre-qualification, reducing surprises at closing. Areas to consider: Hard money loan rates (8.25%-10.50% on bridge/construction products) significantly exceed conventional mortgage rates, increasing borrowing costs; Exclusive focus on investment properties means ineligible for primary residence, owner-occupied, or first-time investor borrowers.
In the Business Loans category, comparable providers include CASH 1 Loans, Hughes Finance, LendNation. Each company has different strengths, so compare services, pricing, and consumer complaint records before deciding what to do next.
CreditDoc Profile Note
MoFin Lending is best suited for experienced real estate investors with established portfolios who need rapid funding and are comfortable with hard money loan rates and short-term terms. The primary caveat is that this is not a lender for primary residence homebuyers, first-time investors, or borrowers seeking conventional mortgage rates—it is exclusively an investment property lender with significantly higher costs and shorter time horizons than traditional banks.
CASH 1 Loans Las Vegas, NV — CASH 1 Loans offers title loans up to $50,000 and personal loans up to $1,000 with provider-stated funding timing and approval in as fast...
Google rating from 4,207 reviews
Profile signals: Borrowers with vehicle title equity needing $5,000+ quickly without bank access, Unbanked or credit-challenged consumers unable to qualify for personal loans
Hughes Finance offers installment loans up to $1,300 in Houston with provider-stated funding timing and flexible terms up to 12 months, positioning themselves as a cheaper alternative to payday lenders.
Google rating from 102 reviews
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San Antonio's LendNation location at 2908 West Ave offers payday and title loans with same-day service claims to verify.
Google rating from 602 reviews
Profile signals: Employed individuals with steady income facing unexpected expenses before payday, Vehicle owners needing larger short-term cash ($1,000+) willing to pledge title
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Read guide →New to credit and lending? Here are the key terms used on this page, explained in plain language with real-number examples.
The total yearly cost of borrowing money, including the interest rate plus any fees the lender charges. Think of it as the 'true price tag' on a loan.
Lenders are required to show APR by law (Truth in Lending Act) because the interest rate alone can hide fees. Comparing APR across lenders is the most reliable way to find the lower-cost loan.
Example
You borrow $10,000 at 6% interest for 3 years, but there's a $300 origination fee. The interest rate is 6%, but the APR is 6.9% because it includes that fee. You'd pay $304/month and $946 total in interest.
The percentage a lender charges you for borrowing their money, calculated on the amount you still owe. It's the lender's profit for taking the risk of lending to you.
Even a 1% difference in interest rate can cost you thousands over a loan's life. Lower rates mean less money out of your pocket.
Example
On a $20,000 car loan for 5 years: at 5% you pay $2,645 in interest. At 8% you pay $4,332. That 3% difference costs you $1,687 extra.
A person who agrees to repay your loan if you can't. They're equally responsible for the debt, and their credit is affected by your payment behavior.
Cosigning helps people with thin credit get approved or get better rates. But it's a huge risk for the cosigner — they're on the hook for the full amount if you default.
Example
A parent cosigns their child's $30,000 student loan. The child stops paying after 6 months. The parent is now legally required to make the payments or face collections, lawsuits, and credit damage.
How long you have to repay the loan, measured in months or years. A shorter term means higher monthly payments but less total interest paid.
Longer terms feel more affordable monthly but cost much more overall. A 30-year mortgage costs almost double in interest compared to a 15-year mortgage on the same amount.
Example
Borrowing $200,000 at 6.5%: A 15-year term costs $1,742/month ($113,561 total interest). A 30-year term costs $1,264/month ($255,088 total interest). You save $141,527 with the shorter term.
A one-time fee the lender charges to process and set up your loan. It covers their costs for underwriting, verifying your information, and preparing paperwork.
Origination fees are usually 1-8% of the loan amount and are often deducted from your loan proceeds — so you receive less than you borrowed.
Example
You're approved for a $10,000 personal loan with a 5% origination fee. The lender deducts $500 upfront, so you receive $9,500 in your bank account but owe $10,000 plus interest.
The original amount of money you borrowed, before any interest or fees are added. It's the 'real' amount of your debt.
Your interest is calculated on the principal. Paying extra toward principal (not just interest) is the one route to reduce your total cost and pay off a loan early.
Example
You borrow $25,000 for a car. That $25,000 is your principal. Your first payment of $450 might split as $150 toward interest and $300 toward principal, bringing your balance to $24,700.
The process where a lender evaluates your finances — income, debts, credit history, assets — to decide whether to approve your loan and at what rate.
Understanding what underwriters look for helps you prepare a stronger application. They check your DTI ratio, employment stability, credit score, and the asset's value.
Example
You apply for a mortgage. The underwriter reviews your pay stubs (income), bank statements (savings), credit report (history), and orders an appraisal (home value). This takes 2-4 weeks.
Want to learn more? Read our Financial Wellness Guides for in-depth explanations and practical advice.
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