Hard Money
Private Money

Richmond Mortgage Inc.

Hard Money, Private Money

How It Works

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 on 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 available. Long term loans 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.

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.

Richmond Mortgage Inc.

Richmond Mortgage Inc.