Patch of Land Review

Learn more about Patch of Land hard money lender. Includes fees, rates, key information, and FAQs.

Updated on November 18th, 2019

The SMB Guide is reader-supported. When you buy through links on our site, we may earn an affiliate commission. Learn more

Patch of Land is a peer-to-peer (P2P) real estate hard money lending marketplace that matches investors and lenders looking for alternative sources of funding. With Patch of Land, users can automate processes, such as underwriting, data management, and risk assessment.

Rates and Fees:

Plan Name

Interest Rates

Loan Amount

Terms

Fix & Flip

From 7.5%

$75,000 to $3,000,000+

12 Months

Short-Term Rental

From 7.5%

$75,000–$3,000,000+

24 Months

Long-Term Rental

From 5.99%

$75,000–$5,000,000

5/1 ARM, 10/1 ARM, 30-Year

Commercial

From 8.5%

$250,000–$5,000,000

12 Months

Ground-Up Construction

From 9.25%

Up to $5,000,000

12 Months

Patch of Land
Review:

Pros: Fast and efficient lender that offers pre-funding and low minimum investment.

Cons: Only accredited investors are accepted.

Bottomline: Simple, reliable, and provides a range of plans available to suit your real estate investment needs.

Key Information:

Founder

Jason Fritton, Brian Fritton

Founded

2012

Headquarters

Sherman Oaks, CA

CEO

Jason Fritton

Phone

1 (888) 959-1465

Address

15000 Ventura Blvd, Suite 300, Sherman Oaks, CA 91403

Website

www.patchofland.com

FAQs:

How does Patch of Land work?

  1. Submit a loan application.
  2. Discuss the opportunity with a Patch of Land consultant.
  3. Complete formal loan application documents.
  4. Wait for due diligence process to be completed.
  5. Get funded.

What are Patch of Land's interest rates?

Patch of Land interest rates vary between 5.99% and 9.25%.

How much money can I borrow from Patch of Land?

Patch of Land loan amounts vary between $75,000 and $5,000,000.

Where is Patch of Land located?

Patch of Land headquarters is situated in Sherman Oaks, CA.

What are some Patch of Land alternatives?

  • LendingHome.
  • Finance of America Commercial.
  • Visio Lending.
  • CoreVest.
  • Lima One Capital.
  • DoHardMoney.