Indiana hard money is asset-based bridge capital: decisions hinge on the deal and the exit, not on W-2 income. From Fort Wayne to Indianapolis to Northwest Indiana (Gary/Hammond), it funds the deals that need to close before a bank could even order an appraisal.
What Indiana investors use hard money for
- Distressed / non-warrantable assets a conventional lender will not touch
- BRRRR starts — acquire and rehab, then exit to Indiana DSCR
- Estate and probate acquisitions in Fort Wayne that need certainty of funds
- Bridge between purchase and permanent financing or sale
Why speed matters here: Indiana foreclosure is judicial — judicial foreclosure with a redemption period — favor DSCR/BRRRR holds over quick flips on REO. Cash-like certainty wins these deals against slower conventional offers.
Indiana hard money terms (2026)
| Term | Indiana range |
|---|---|
| Leverage | Up to ~90% of purchase + rehab, capped to ARV |
| Rate | Interest-only, ~10%–13% + points |
| Term | 6–18 months |
| Close | As fast as 7–14 days |
| Basis | Asset-based; $165,000 – $285,000 typical ARV |
Indiana metros we fund
| Metro | Typical basis | Rent band | On-the-ground notes |
|---|---|---|---|
| Fort Wayne | $160K–$250K | $1,150–$1,600 | steady appreciation; strong yield-on-cost |
| Indianapolis | $170K–$280K | $1,300–$1,800 | Marion County rental registration; deep cash-flow inventory |
| Northwest Indiana (Gary/Hammond) | $120K–$210K | $1,050–$1,500 | Chicago-commuter demand; no-seasoning DSCR cash-out |
Indiana levies state income tax (flat ~3.05%); structure the hold or flip exit with that in mind.
Diligence before you fund in Indiana
Indiana carries specific physical-risk lines you must price before close:
- Aging mechanicals in pre-1960 Indianapolis and Gary stock
- River floodplain in northern counties
What we need to issue a Indiana term sheet
- Proof of funds for down payment and reserves
- Scope of work and rehab budget
- Comps or a desktop valuation toward ARV
- Entity documents (LLC operating agreement, EIN) for vesting
- Purchase contract or auction confirmation
Clean documents on these points are what compress a Indiana closing to days, not weeks.
Recent Indiana deal
Gary, IN DSCR cash-out at 75% LTV with no seasoning after a 2-month rehab. Asset and exit drove the approval — not a personal income file.
Define the exit before you borrow
Hard money is a bridge, not a destination. In Indiana that means one of two exits:
- Resale — finish and sell via fix and flip loans Indiana economics
- Refinance — stabilize and hold with an Indiana DSCR loan
Indiana DFI oversees mortgage licensing; Indianapolis rental registration applies in Marion County.
Indiana hard money FAQ
How fast can an Indiana hard money loan close?
With clear title and a workable scope, Indiana deals can fund in roughly 7–14 days — fast enough for Fort Wayne auction and estate deadlines.
What leverage do Indiana hard money lenders offer?
Commonly up to ~90% of purchase plus rehab, capped against ARV (often the $165,000 – $285,000 band in Indiana). Pricing reflects speed and asset risk, not your credit score alone.
What is the exit on an Indiana hard money loan?
Either resale via fix and flip, or refinance into an Indiana DSCR loan on stabilized rent. Define the exit before you fund.
Get Your Indiana Hard Money Quote · (833) 264-7776
Rates, terms and conditions offered only to qualified borrowers and are subject to change at any time without notice. All loans are subject to full underwriting. Jaken Finance Group only finances non-owner occupied investment properties.