Hard Money Loans in Racine, Wisconsin
REIA Hard Money funds fix-and-flip, BRRRR, and value-add projects in Racine and across Racine County, including Mount Pleasant, Caledonia, Sturtevant, Union Grove, and Burlington. We're a private lender based in Brookfield, about 45 minutes away, with 175+ loans and about $36 million funded since late 2023. Typical closings take 10 to 14 days, with loans up to 70% of after-repair value.
or call (262) 208-4708
Dan meets investors in person across southeast Wisconsin. Ask when he'll next be in Racine.
Why is Racine a rehab market?
Racine has some of the oldest housing in Wisconsin. The typical home in the city was built in 1952, about 39% of homes were built before 1940, and nearly two-thirds before 1960. Prices leave room for a real renovation budget: the city's median owner-occupied home value is $173,100, while Racine County's median sale price was about $303,000 in May 2026.
New jobs are arriving, too. Microsoft opened its first Fairwater data center in neighboring Mount Pleasant in June 2026, with about 375 full-time employees and plans for roughly 800. About 39% of Racine homes are rentals, so renovated rentals and updated starter homes both have buyers and tenants waiting.
Sources: U.S. Census Bureau, American Community Survey 2024; Greater Racine County (May 2026); Racine County Eye and Urban Milwaukee (May–June 2026). Refresh quarterly.
Is my Racine deal big enough?
Our loans typically start around $85,000, because every loan carries a minimum points fee of $2,500. With city values this low, some Racine deals come in under that. A quick check: if your purchase price plus rehab budget is at least $85,000, and the loan stays under 70% of the after-repair value, you're in range. Smaller deal? Send it anyway and we'll tell you straight.
What do you fund in Racine County?
Fix-and-Flip Loans
Purchase and rehab funded in one 6-month, interest-only loan, up to 70% of ARV.
BRRRR Acquisitions
Cross-Collateralized Loans
Double-Close Funding
A flat 2% for wholesale deals that close both sides through our preferred title company in the greater Milwaukee area.
Rental Portfolio Purchases
Each property underwritten individually.
We lend on 1–4 unit residential, mixed-use, and select small commercial property. Tenant-occupied investment property is fine; owner-occupied homes are not.
What does a hard money loan cost in Racine?
Racine deals get the same Wisconsin pricing as every market we lend in: rates as low as 12% and 3 points for qualified borrowers, with up to 100% funding available. New borrowers start at a 15% rate with 15% down. After three completed deals with us, RHM Pro moves you to 12% with no down payment and points wrapped into the loan. RHM Pro V, for investors doing four or more deals a year, drops points to 3 and advances up to 20% of your repair budget at closing.
Already have a track record with another lender or your own capital? We'll verify it and start you at the tier you've earned.
See the full tier table
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How fast can you close in Racine?
Typical closings run 10 to 14 days at the title company handling your deal. Two independent desktop valuations replace the wait for an appraiser, and rehab draws go out every Tuesday and Friday against invoices, lien waivers, and video of the completed work. If another lender backed out and your title work is ready, a rescue close can fund in as little as 72 hours.
What borrowers say about REIA Hard Money
Racine Hard Money FAQ
Do you lend in Mount Pleasant, Caledonia, and Burlington?
Yes. Investment property across Racine County gets the same terms and process as the city of Racine.
What's your minimum loan?
Loans typically start around $85,000. If your deal is close to that, send it and we'll tell you whether it works.
Do you fund pre-1940 homes that need major work?
Yes. Older homes are much of what our borrowers renovate. Your rehab budget and the after-repair value set the loan, and draws follow the work.
Will you fund a first-time flipper in Racine?
Yes, with no arbitrary experience minimum. First-time borrowers who understand the process get funded.
How fast can you close a Racine deal?
Typical closings take 10 to 14 days. With title work complete, a rescue close can fund in as little as 72 hours.
Fund your Racine deal
The fastest first step is our pre-approval form. It takes a few minutes and means our first conversation is about your deal, not your paperwork. Prefer to talk first? Call (262) 208-4708.
Nearby: Kenosha hard money loans · Milwaukee hard money lender. All markets: Wisconsin hard money lender.
