Overview
Patch of Land has experience underwriting heavier-rehab and distressed-property deals. Marketplace-backed with established investor base.
Patch of Land is based in Sherman Oaks, CA and was founded in 2013. They operate nationally and offer fix-and-flip, bridge, new-construction financing. Their loan amount range runs from $100K to $5.0M.
Key terms at a glance
| Loan type | Hard money / non-QM institutional |
|---|---|
| Products | fix-and-flip, bridge, new-construction |
| Geographic coverage | National |
| Loan size | $100K – $5.0M |
| Interest rate range | 10% – 13% |
| Origination points | 1.5 – 4 |
| Max LTV | 75% of ARV |
| Max LTC | 85% of cost |
| Term lengths | 6-18 months |
| Typical close time | 10-21 days typical |
Strengths
- experienced underwriting
- distressed property comfort
- commercial-adjacent deals
Ideal borrower
Investor focused on heavier rehabs or distressed acquisition
How Patch of Land compares for Chicago investors
For Chicago metro investors specifically, Patch of Land operates as one of multiple national options — competitive on broad product menus but local Chicago lenders sometimes win on relationship and close speed. As an institutional non-QM lender, their underwriting is templated and predictable — fast for experienced borrowers, less flexible for non-standard deals.
Common alternatives in Chicago
- Renovo Financial — Chicago-based, deepest local knowledge
- Kiavi — Tech-forward national leader
- Lima One Capital — Broad product suite, BRRRR-friendly
- Easy Street Capital — STR-DSCR specialist
Patch of Land FAQ
Yes — Patch of Land operates nationally and regularly funds Chicago-area deals
Patch of Land's indicative rate range is 10%–13% with 1.5–4 points. Pricing depends primarily on funded-deals history, deal leverage, and exit certainty.
Patch of Land's typical minimum loan is $100K, with maximum loan size up to $5.0M.
Patch of Land's typical close timeline is 10-21 days typical. Fast-close depends on documentation quality, title clarity, and underwriting load.
Patch of Land offers fix-and-flip, bridge, new-construction financing.
Investor focused on heavier rehabs or distressed acquisition
This review is an independent directory listing. Hard Money Chicago is not affiliated with Patch of Land. Rates, terms, and eligibility are determined by the lender and subject to change. Always verify current pricing directly with the lender before relying on any specifics.