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MoFin Lending

MoFin Lending

MoFin Lending is a leading local private lender specializing in fast, reliable fix-and-flip bridge loans, ground-up construction loans, and short-term bridge loans.
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MoFin Lending

79 Madison Avenue, 9th Floor, New York, New York 10016
george@mofinloans.com
Website

Vetted Provider

This vendor has been evaluated and confirmed as active, reputable, and qualified to lend.

About

$750mm
Capital Deployed
600+ (ttm)
Properties Funded
2016
Year Founded
Founded in 2016 and headquartered in New York, MoFin Lending is a direct hard money lender operating entirely on its own balance sheet, meaning no secondary market delays or third-party approval chains standing between your deal and your funding. Their core product line covers residential fix-and-flip bridge loans, ground-up construction, and commercial property bridge financing across 34 states, with a full online portal that handles everything from pre-qualification through draw requests. MoFin's fully transparent fee and rate disclosure model sets them apart from lenders who obscure pricing until the term sheet stage - borrowers know exact origination points, draw fees, and appraisal cost estimates before signing anything.

Where They Lend

Nationwide
34 States
MoFin Lending actively deploys capital across 34 states Nationwide. Their fully online borrower portal handles pre-qualification, deal submission, and draw requests from any location within their lending footprint, allowing investors to manage the entire process remotely without needing to visit a physical office.

Loan Types, Structures and Terms

$100,000 to $10,000,000
Typical Loan Amounts
12 to 36 Months
Typical Terms
11.00% to 16.00%
Typical Interest Rates
2.50% to 4.00%
Typical Points
MoFin Lending covers the full investment property lifecycle from acquisition through stabilization, offering residential fix-and-flip bridge loans, short-term bridge loans for as-is acquisitions and refinances, ground-up construction financing for experienced builders, and portfolio bridge loans against commercial and residential collateral.
Fix-and-Flip
New Construction
Rental (DSCR)
Short-Term Bridge
MoFin's residential fix-and-flip bridge loans fund both the acquisition and full renovation budget on distressed 1-4 unit properties for investors with a minimum of 2 completed projects in the prior 36 months.
Fix & Flip Feature Structure & Terms
Project TypesSingle-family residences, condominiums, 2-4 unit residential, mixed-use
Loan Limits & Terms$100,000 to $10,000,000 | 12 to 24 months | Interest-only, first-lien | Minimum origination fee: $2,000
Leverage Ratios (LTC/ARV)Up to 75% of Purchase Price, 100% of Rehab Budget (Max 65% ARV - terms scaled by borrower experience, credit, and purchase price)
Structural AdvantagesFunds labor and materials via reimbursement draws. Borrower's equity must come from own cash, a partner, or equity in the subject property - seller financing and gap funding behind MoFin's lien are not permitted. No active project caps (finance multiple flips simultaneously).
MoFin's ground-up construction loans fund experienced residential builders from land acquisition through vertical finish on spec homes, townhome developments, and infill 2-4 unit projects across their 34-state footprint.
Construction Feature Structure & Terms
Project TypesSingle-family spec homes, infill 2-4 unit residential, townhome developments. Will lend on partially completed construction projects.
Loan Limits & Terms$100,000 to $10,000,000 | 12 to 36 months | Interest-only, first-lien | Rates: 12.00% to 15.00% | Origination: 2.50% to 4.00%
Leverage Ratios (LTC)Up to 75% LTC for total project costs. Minimum of 2 completed ground-up construction projects required. No rural markets - preference for major metro areas.
Structural AdvantagesFund structural builds from ground-breaking through vertical finish with milestone-based construction draw schedules. Builders can use the FlipperForce Scheduler and Project Budgeter to produce lender-ready milestone timelines and live budget variance tracking, proving draw readiness at each phase.
MoFin's Residential Long-Term DSCR product provides portfolio bridge financing against stabilized 1-4 unit rental assets for investors aggregating 2 to 10 properties under a single loan structure, qualifying entirely on property cash flow without personal income documentation.
Rental DSCR Feature Structure & Terms
Property TypesSingle-family residences and 2-4 unit residential. Minimum property value: $75,000 | Maximum property value: $1,000,000. No individual room leases, SRO, or boarder lease arrangements.
Loan Limits & Products12 to 24 month interest-only bridge term | Portfolio loans covering 2 to 10 properties on a single loan structure. Up to 10% of portfolio units may be vacant (lease-ready).
DSCR Requirements1.15x DSCR for properties valued at or above $115,000 | 1.30x DSCR for properties valued below $115,000. Qualification is based entirely on property cash flow - no W-2s or personal income documentation required.
Structural AdvantagesCross-collateralized portfolio structure combines 2 to 10 rental assets on a single mortgage. BRRRR investors can model projected DSCR ratios and validate cash-on-cash targets inside the FlipperForce BRRRR Analyzer before exiting the short-term bridge position into this product.
MoFin Short-Term Bridge Loans provide flexible, fast-close capital for real estate investors executing as-is acquisitions, rate-term refinances, cash-out transactions, or BRRRR-strategy rehabs targeting a rental hold and DSCR long-term refinance exit.
Bridge Loan Feature Structure & Terms
Use CasesAs-is investment property purchases, rate-term refinances, cash-out refinances (case-by-case, seasoning required), tenant-occupied transitional holds, and BRRRR fix-to-rent acquisitions with a planned long-term DSCR refi exit.
Property TypesSingle-family residences, 2-4 unit residential, condominiums, multifamily (5+ units), mixed-use, light industrial, and warehouse. No land, rural properties, or owner-occupied homes.
Loan Limits & Terms$100,000 to $10,000,000 | 12 to 36 months | Interest-only monthly payments, first-lien position | Rates: 11.00% to 16.00% | Origination: 2.50% to 4.00% | 1-6 month interest reserve hold-back may apply | Prepayment penalty on 18+ month terms (6-month PPP)
Leverage Ratios (LTV/LTC)As-Is Purchase: Up to 75% LTP (borrower must bring 25-35% cash down) | Rate-Term Refi: Up to 75% LTV | Cash-Out Refi: Up to 50% to 60% LTV (seasoning required) | BRRRR Fix-to-Rent: Up to 75% purchase + 100% rehab, capped at 65% ARV
Structural AdvantagesProof of funds letters available. All transactions lend in first-lien position only - no junior liens permitted behind MoFin's mortgage. BRRRR investors can model projected DSCR and cash-on-cash returns inside the FlipperForce BRRRR Analyzer before committing to the bridge position, validating their rental exit before closing.

Borrower Qualifications (Are you qualified?)

MoFin Lending underwrites primarily against the asset's value, rehab scope, and the investor's demonstrated track record, not personal income documentation like W-2s or tax returns. Borrowers must bring real cash equity to the table - seller financing and gap funding behind MoFin's first lien are not permitted - and seasoned investors with 2+ completed projects in the prior 36 months unlock the full leverage and rate schedule.
Qualification Parameter Lender Requirements
Experience LevelsSeasoned Investors Required. Residential bridge and construction loans require a minimum of 2 completed projects in the last 36 months. Commercial bridge loans require demonstrated experience operating or overseeing a similar asset class. Leverage ratios and rate terms are scaled upward for stronger track records.
Credit Requirement620 Minimum FICO. Residential bridge: 600-619 accepted with compensating factors; 620+ standard. No derogatory credit events in the last 36 months (missed mortgage payments, bankruptcies, foreclosures, short-sales, judgments, or tax liens). Hard credit pull required as part of the $299 application fee process.
Income VerificationNo W-2s or Tax Returns Required. Qualifying is asset-based. Borrowers must demonstrate sufficient liquid reserves (6 months minimum for commercial bridge loans; may be increased on certain deals). Bank statements required to verify cash liquidity for down payment and reserves.
Entity RequirementIndividual or Entity Accepted. MoFin lends to individuals, LLCs, limited partnerships, and corporations. Personal guaranty (full recourse) is always required. Borrower must be a permanent resident alien with a valid SSN - foreign nationals not accepted.

Underwriting Process (How long will it take to get approved?)

MoFin's fully online portal handles initial application submission, document upload, and pre-qualification in one workflow, with all applications reviewed directly by their internal team without a secondary market approval chain.
Stage / Requirement Process & Timelines
Initial ReviewPre-qualification is completed online. Upon signing the Term Sheet, a $299 application fee is collected to cover credit report, background check, and initial processing costs. The fee is refundable less expenses incurred.
Property ValuationFull third-party appraisal required for all residential and commercial properties before funding. Appraisal cost is quoted to the borrower before signing the Term Sheet and varies by property type and location. Broker Price Opinions (BPOs) are not accepted.
Speed to CloseTypical closing timeline is 21 business days from completed application. Fastest recorded close is 9 business days. Borrower's title company selection is permitted - MoFin does not require a preferred title vendor.
Document ChecklistLoan application, credit report authorization, bank statements (liquidity verification), property purchase contract or refinance documentation, LLC/entity formation documents if applicable, and an itemized Scope of Work (SOW) for rehab loans. Use the FlipperForce Rehab Estimator to produce a lender-ready itemized SOW and submit it directly through MoFin's borrower portal.

Draw Process (How long will it take to get draws?)

MoFin's rehab draw system is reimbursement-based, meaning the investor advances funds for a completed phase of work first, then submits a draw request for reimbursement. The 4-day average wire turnaround after inspection approval is fast enough to keep active contractor timelines running without cash flow gaps.
Operational Step Methodology & Timelines
Draw SystemReimbursement-based. The investor funds a specific phase of the renovation budget upfront from their own capital, then submits a draw request to MoFin for reimbursement of completed work. Interest is charged on the entire total project cost (not just the outstanding balance), so coordinating draws tightly against the FlipperForce Scheduler minimizes unnecessary interest accrual.
Inspection MethodThird-party on-site inspection. A field inspector visits the property to verify completed work against the approved scope before each draw is released. Draw request is submitted through MoFin's online borrower portal.
Funding TurnaroundOnce an inspection is reviewed and approved, wire transfers are typically initiated and received within 4 business days. Aligning your draw submissions with contractor phase completions inside the FlipperForce Scheduler ensures your crew stays on payroll without project stalls.
Draw FeesStandard inspection and processing fees range from $120 to $250 per draw request (dependent on property type). Exact fee is disclosed to the borrower before signing the Term Sheet - no surprise draw costs at closing.