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Hard Money Lenders
new Mexico

For experienced and beginner investors flipping New Mexico’s real estate market. Our hard money loans cover up to 90% Of Purchase + 100% of Rehab.
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Funded New Mexico Fix and Flip
Funded Fix and Flip New Mexico
Loan Amount: $221,000
LTV: 80% of Purchase + 100% of Rehab
  • Rate 10.99%
  • 12 Months
  • Points 2.50%
  • 14 Days to Close

Why ChOose Ridge Street For Your New Mexico Hard Money Loan

Over 200
Funded Deals
$80M+
Loan Volume
70+
5 Star Reviews
10-14 Days
Avg. Closing Time
In 35 States
Including New Mexico

How We Evaluate Hard Money Loans In Mexico

At Ridge Street Capital, we’re more than just a national lender—we're the lender of choice for New Mexico real estate investors looking for fast, reliable funding. This section is here to give you a transparent view into how we evaluate fix and flip opportunities across the state. Here’s how we evaluate your deal:

1.  We Prioritize Profitable Projects

We fund deals with strong potential for success. That typically means:

  • Loan amounts up to 75% of After Repair Value
  • ‍Projects with at least 20% projected ROI
  • ‍An ARV backed by credible sold comps, not inflated listings
We’re looking for win-win projects where our borrowers will be successful.

2. We Match Rehab Scope With Experience

As an investor builds their track record, access to financing on larger more complex projects is provided:

  • ‍Beginner investors should focus on moderate rehab deals (Rehab <= 50%Purchase Price)
  • Intermediate flippers with 1-2 completes projects, can pursue heavy rehabs (Rehab <= 100% Of Purchase)
  • Experience investors with 3-5+ completed projects can be financed on expansion projects
Most successful house flippers and BRRR investors have a rinse a repeat strategy with light and moderate rehabs.

3.  We Reward Creditworthy Borrowers

While our loans are asset-based, your credit still matters.

  • Strong credit is the highest indicators of successful fix and flips across our protfolio
  • Real Estate investors often have high credit utilization which can bring down their scores - this is acceptable for underwriting
If you're credit score is above 660 we'll be happy to work with you and your team.

4.   Lending in Strong New Mexico Markets

Leverage is adjusted based on local market strength.
Up to 75% LTARV in New Mexico's strongest housing markets and more conservative (e.g., 65% LTARV) in declining submarkets.
‍
In 2025, New Mexico’s key markets such as Albuquerque, Santa Fe, and Las Cruces have remained stable with steady housing demand and moderate home price trends. Ridge Street does not flag any submarkets in New Mexico for reduced leverage, allowing us to offer our maximum LTV statewide. Both new and experienced investors can access funding across New Mexico.

new Mexico Hard Money Loan Product Details

New Mexico Fix and Flip Loan Beginner

Perfect for first-time investors with solid credit, doing light to moderate rehab projects.

Up to 90% Loan-to-Cost (LTC) and 100% Rehab with 740+ credit

Up to 80% Purchase + 100% Rehab with 720+ credit

Up to 75% Purchase + 100% Rehab with 660+ credit

Max 75% Loan to After-Repair Value (LTARV)

Interest Rates from 10.75% to 11.25%

Origination Fee: From 2.0%

Loan Size: $50,000 to $2,000,000

Moderate Rehab Only (Rehab ≤ 50% of Purchase Price)

See our Guide on Fix and Flip Loans For Begginers

Learn More
Get Approved Online

New Mexico Fix and Flip Loan Intermediate

Designed for investors with 1-2 experiences and larger rehab goals.

Up to 90% LTC + 100% Rehab with 740+ credit

Up to 80% Purchase + 100% Rehab with 680+ credit

Up to 75% Purchase + 100% Rehab with 660+ credit

Max 75% Loan to After-Repair Value (LTARV)

Intersest Rates from 10.65%–11.25%

Origination Fee From 2.0%

Loan Size $50,000–$2,500,000

Heavy Rehab Allowed (Rehab ≤ 100% of Purchase)

Use our Fix and Flip Loan Calculator

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Get Approved Online

New Mexico Fix and Flip Loan Pro

Ideal for experienced investors with 3-5+ experiences pursuing heavier rehab projects.

Up to 90% LTC + 100% Rehab with 720+ credit

Up to 85% Purchase + 100% Rehab with 680+ credit

Up to 80% Purchase + 100% Rehab with 660+ credit

Max 75% Loan to After-Repair Value (LTARV)

Interest Rates from 10.5% to 10.75%

Origination Fee: From 1.5%

Loan Size from $50,000–$3,500,000

Expansion Projects and lopsided rehabs allowed

Learn More
Get Approved Online

Check To See What Terms You Qualify for?

See Your Terms

New Mexico Hard Money Loan process

We make funding your New Mexico real estate investment fast and simple. Our process is streamlined for speed and transparency— with closings in as little as 7-14 business days.

Hard Money Loan Step 1 Container
Step 1 Icon

Apply Or Get Pre-Approved Online

~ 2mins
Fill out a 2 Min Quick App with info about your New Mexico based project. We need some preliminary information so that we can accurately evaluate your deal.

Whether you're actively under contract or just looking to get pre-approved, we’ll review your application details and get back to you within the same business day.
Request A Term Sheet | Get Pre-Approved | Schedule A Call
Loan Process Step 2
Step 2 Icon

Receive a Term Sheet

~ 2mins
Once we have your completed application, we’ll send you a The Term Sheet via email that will provide a clear breakdown of the loan amount, rate, fees, non-lender costs, and estimated cash to close. We’ll also follow-up with a call to walk you through the process.
Hard Money Loan Process Step 3 Container
Step 3 Icon

Submit Docs

~ 1-7 days
Once you’ve accepted the Loan Terms, we’ll collect your remaining documents and begin formally underwriting the loan. We’ll collect documents like an ID, purchase contract, and rehab budget, and Entity Documents.
Loan Process Step 4
Step 4

Appraisal

~ 2-7 days
Once you've submitted your documents, an appraisal will be ordered and completed In 2-7 days. We have quick turn around appraisal option to make sure our New Mexico based deals can close quickly.
Hard Money Loan Process Step 5 Container
Step 5 Icon

Closing

~ 1-3 days
Once we have the completed document package, we’ll schedule closing with your title company or attorney. Funds are wired same-day after signing. You’ll get a copy of the final HUD and wire confirmation.
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Funded New mexico Hard Money Loan

A Proven Track Record Funding Projects Like These

State
New Mexico
Loan Type
Fix and Flip Loan
Loan Amount
$221,000
Loan Amount (if applicable)
80% of Purchase + 100% Of Rehab
Rate
10.99%
Points
2.50%

New Mexico Deal Summary

Ridge Street Capital funded a $221,000 hard money loan to a first time investor for the acquisition and renovation of a 3-bedroom, 1-bathroom, 1,400 sq. ft. property in Albuquerque, NM.

The loan covered 80% of the purchase price and 100% of the $65,000 rehab budget, which focused on light cosmetic upgrades, including modernizing the kitchen, refinishing hardwood floors, and enhancing curb appeal.

This was the borrowers second deal in NM and the deal showed thin but still profitable returns, so we offered to lend at 70% of the ARV. The borrower came out of pocket with a $39,000 down payment plus closing costs.

We received the loan request with ample time (30 Days) and we closed on time without any issues.

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Get Terms For Your Project
New Mexico Hard Money LOan

Client Review

"Ridge Street was quick, straightforward, and kept me updated the whole time. The funding came through exactly when I needed it, and the deal went smoothly from start to finish. Definitely using them again for my next project.”

Mateo I. - Albuquerque, NM

Frequently Asked Questions

How do Hard Money Loans work in New Mexico?

Hard money loans in New Mexico are short-term, asset-based loans used by real estate investors to purchase, rehab, or build investment properties. Approval is based on the property’s current value, after-repair value (ARV), your investing track record, and credit score—not your personal income. New Mexico hard money lenders like Ridge Street Capital can close in as little as 7-10 days, making them ideal for competitive markets like Albuquerque and Las Cruces.

Are Fix and Flip Loans the same as Hard Money Loans?

Yes, fix and flip loans are a type of hard money loan. They’re specifically designed to help investors quickly secure funds for the purchase and rehab of distressed properties before reselling for profit. Check out our complete guide for fix and flip loans.

Can I finance 100% of my Fix & Flip with a Hard Money Loan?

In New Mexico, Ridge Street requires investors to bring 10–20% of the project cost as a down payment. However, experienced investors or first time investors with strong credit may qualify for up to 90% Loan-to-Cost (LTC) and 100% of rehab expenses, effectively covering the full renovation budget.

How Fast can I Close a Hard Money Loan?

In New Mexico, Ridge Street can close hard money loans  in as little as 7–10 business days, depending on appraisal and document turnaround.

Do Hard Money Loans Require a Good Credit Score?

While credit score matters, Ridge Street’s hard money loans focus more on the property’s value and your exit strategy. Borrowers who have credit scores as low as 660 are eligible for financing, with better terms available for scores of 740+.

Do you offer DSCR Loans in New Mexico?

Yes, we offer DSCR (Debt Service Coverage Ratio) loans in New Mexico. We have DSCR Loans For Long Term Rentals and DSCR Loans For Short Term Rentals like Airbnb and VRBO.

How do I Find Good Fix and Flip Deals in New Mexico?

New Mexico investors often find deals through wholesalers, foreclosures, REO (bank-owned) listings, MLS searches, and local real estate investment groups. Building relationships local real estate agents and wholesalers can give you early access to off-market opportunities. It is extremely important to be patient when looking for deals anf move quickly once you find the right investment.

Can I use a Hard Money Loan for a BRRRR Project in NM?

Yes, many New Mexico investors use our hard money loans to purchase and rehab a property, then refinance into a long-term DSCR loan to hold it as a rental. Use our BRRRR Calculator to run the analysis on your BRRRR Project.

Do I need an LLC to get a Hard Money Loan in New Mexico?

Yes, in New Mexico, Ridge Street requires borrowers to purchase fix and flips through an LLC or Corporation. Setting up an LLC is actually quite straight forward process. We can recomend this guide for setting up an LLC in New Mexico: Starting An LLC in NM

Where can I Learn More about Real Estate Investing in NM?

One of the best ways to get started is by attending local real estate investor (REI) meetups and networking events. Connecting with experienced investors can help you learn market trends, find partners, and source deals.

In Albuquerque, the ABQREIA hosts monthly meetings focused on practical real estate investing.
‍
The New Mexico Creative Real Estate Investors Association (NMCREIA) offers monthly events for networking and education.

The New Mexico Real Estate Mastermind Group is an exclusive group for experienced investors to discuss strategies and share deals.
‍
For a statewide and national resource, check out BiggerPockets, where you can connect with New Mexico investors, access tools, and read educational articles.

Additional Hard Money Loan Resources

View More

November 9, 2024

Fix and Flip Calculator

Use this Fix and Flip Calculator to analyze the profit of your next fix and flip project.

July 31, 2024

BRRRR Calculator

Use this interactive BRRRR Calculator for evaluating your investment property deals in minutes.

July 9, 2024

Best Fix and Flip Loans for First-Time Investors

What makes a good Fix and Flip Loan for a first time investor and how to secure this capital?

READY TO GET
STARTED

With Ridge Street, obtaining an investment property loan is easier than you think! You can get pre-approved online and a Term Sheet that meets your needs will be sent to you within the same business day.

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