HARD MONEY LOANS · Michigan (MI) Underwriting Matrix · Stephen R. Mannenbach, J.D., MBA

Michigan Hard Money Loans (Fast Asset-Based Acquisition & Bridge) — 2026 Rates, LTV Caps & State Rules

Michigan Hard Money Loans provide business-purpose real estate investors with Up to 85%–90% LTC / 75% ARV across loan amounts from $100,000 – $15,000,000+ at 9.25% – 11.50% Interest-Only (6, 12, 18 & 24 Months Interest-Only, 600 – 640+ FICO (Asset-Backed) min FICO, 5 – 10 Business Days close). In Michigan (MI), lenders underwrite to a Non-Judicial (Foreclosure by Advertisement) statutory framework (60–90 days (+ redemption)-day average timeline), a 1.38% average property tax rate (~$305/mo at the $265,000 state median), and $520/$100K hazard insurance (~$115/mo).

Max Leverage / LTC
Up to 85%–90% LTC / 75% ARV
Min FICO: 600 – 640+ FICO (Asset-Backed)
2026 Rate Band
9.25% – 11.50% Interest-Only
6, 12, 18 & 24 Months Interest-Only
MI Security Instrument
Non-Judicial (Foreclosure by Advertisement)
60–90 days (+ redemption) days avg timeline
MI Avg Tax & Ins
1.38% Tax
$520/$100K Hazard Ins

Michigan County-Level Property Tax & Insurance Hubs (3)

Wayne County, MI
Wayne County, MI · 1.95% Tax · $620/$100K Ins
Oakland County, MI
Oakland County, MI · 1.54% Tax · $560/$100K Ins
Kent County, MI
Kent County, MI · 1.38% Tax · $540/$100K Ins

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Michigan Hard Money Loans (2026) — Up to 85%–90% LTC / 75% ARV, 9.25% – 11.50% Interest-Only | Stephen R. Mannenbach | Stephen Mannenbach