HML investments

What HML investments does

HML Investments is a private hard money lender founded in 2009 by Yanni Raz and headquartered in Miami, Florida, with a regional office in Los Angeles, California. The company provides asset-based, commercial-purpose real estate financing — including ground-up construction loans, fix-and-flip bridge loans, DSCR rental loans, multifamily bridge and construction loans, commercial bridge loans, and hard money loans — to professional spec home builders, active flippers, rental portfolio investors, multifamily sponsors, and commercial real estate operators across 40+ U.S. states. Loan sizes range from $150,000 single-property fix-and-flip deals to $100M+ multifamily ground-up facilities, with origination fees of 1.5%–2.5% and interest income forming the core revenue streams.

The company's operating model is direct-to-principal — no broker chain, no committee shuffle — with a 15-minute initial call, 24-hour term sheet, and 24–48 hour pre-approval using soft credit pulls only. Its proprietary technology includes Snap Draws™, a photo-based construction draw system that funds within 24–48 hours without third-party inspectors, and an algorithmic risk engine used for project feasibility and sponsor credit validation. A sponsor exposure limit system pre-approves a builder's entire pipeline ($5M–$100M+) in one underwriting, after which subsequent deals fund against the approved box without re-qualification. HML operates as a regulated private lender (NMLS 1003404, DRE 01436503) lending to LLC and business entities, structured as non-QM financing that bypasses the Fannie/Freddie 10-property cap and conventional income verification requirements.

Revenue mechanics combine one-time origination fees collected at closing with interest income on outstanding loan balances (rates from 5.99% on DSCR to 8.99% on ground-up construction; SOFR + 400–500 bps on longer-term multifamily bridge). HML claims $1B+ in cumulative capital deployed nationally and $500M+ deployed in 2023 alone, supported by a 20+ person team across construction lending, fix-and-flip, DSCR rentals, and commercial bridge programs. The company is privately held with no disclosed institutional ownership or external funding rounds, and is led by founder/CEO Yanni Raz with Jonny Crosthwaite serving as President.

Name

HML investments

Legal name

HML Investments

Website

https://hmlinvestments.com

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

11–50 employees

Short description

HML Investments is a private hard money lender providing asset-based construction, bridge, fix-and-flip, and DSCR rental loans to professional builders and real estate investors across 40+ U.S. states, operating direct-to-principal with proprietary Snap Draws™ and an algorithmic risk engine.

Ownership category

akta.pro rank

Headquarters

HQ city

Los Angeles

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Loan Origination Fees: Origination fees charged on construction, bridge, fix & flip, and DSCR loans. Ranges from 1.5%–2.5% for multifamily programs; 1.75%–2.5% for multifamily bridge. Fee is collected at closing.
2. Interest Income: Interest payments on bridge loans, construction loans, fix & flip loans, and DSCR rental loans. Interest-only structures are standard across most programs. Fixed rate options for terms ≤18 months; SOFR + margin for longer terms.
3. Extension Fees: Extension fees charged on loan renewals. Multifamily bridge includes 0.5% (50 bps) per 6-month extension. Prepayment penalties typically absent after initial lock-out period.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels7 records

Core offering

HML Investments is a private hard money and private real estate lender that originates business-purpose loans directly from its own balance sheet. The firm provides construction, fix & flip, DSCR rental, multifamily bridge, multifamily construction, commercial bridge, and short-term hard money loans to real estate developers, spec home builders, active flippers, rental portfolio investors, and commercial operators nationwide. Underwriting is asset-based — focused on deal equity and project economics rather than personal income verification — and the firm operates an in-house Snap Draws™ system for rapid construction draw disbursement.

Product overview

HML Investments is a private hard money lender offering institutional-grade capital solutions for real estate investors and builders nationwide. The company operates as a unified platform providing multiple loan products: Ground-Up Construction Loans for spec home builders (up to 90% LTC with pipeline-level exposure limits), Fix & Flip Loans for rapid acquisition and renovation (7-14 day close), DSCR Rental Loans for long-term investor portfolios (non-QM, no property cap), Multifamily Bridge Loans for 5+ unit value-add repositioning (100% renovation holdback), Commercial Bridge Loans for opportunistic commercial assets, Hard Money Loans for rapid asset-based financing (5-7 day close), and Multifamily Construction Loans for ground-up multifamily development. The products share a common platform offering asset-based underwriting, fast execution, and relationship-based pipeline funding rather than one-off deal processing.

Differentiator

Problem solved

Functional benefit

Products and services

• Ground-Up Construction Loans Construction financing for spec home builders offering up to 90% LTC, 100% vertical funding, 24-hour Snap Draws, and exposure limits across the builder's entire pipeline. Funds up to 75% of land and 100% of vertical construction with fixed-rate, interest-only terms over 12-24 months. Loan sizes $5M-$100M+; closes in 3-4 weeks. For professional builders scaling from 3-10 homes/year to 25-50+ homes/year.
• Fix & Flip Loans Short-term bridge loans for residential acquisition and renovation. Up to 90% LTC on purchase price plus 100% of rehab costs funded, with 7-14 day closing and 24-48 hour draw funding. Rates start at 7.99% for loan sizes $150,000-$5,000,000. Term 12-18 months, interest-only, no prepayment penalty. Minimum FICO 680. For active flippers and rental investors performing 5-25+ flips per year.
• DSCR Rental Loans Non-QM rental financing based on property cash flow rather than personal income. Rates from 5.99%, up to 80% LTV, with no cap on property count. Single property loans ($75K-$2M) and portfolio bundles (5+ properties) available with 21-day closing. 30-year fixed or hybrid ARM options, fully amortizing or interest-only up to 10 years. Minimum FICO 660. For rental portfolio investors scaling past the conventional 10-property Fannie/Freddie cap.
• Multifamily Bridge Loans Bridge financing for 5+ unit residential acquisitions, value-add repositioning, and time-sensitive closings. Up to 75% LTPP, 100% renovation holdback funded, and 12-month interest and carry reserves built into the loan. Loan sizes $1M-$10M. Term 18-24 months plus two 6-month extensions. Interest-only. Rate: 1-Month SOFR + 400-500 bps, or fixed rate. Closes in 30-45 days. Origination 1.75%-2.5%; extension 0.5% per extension.
• Hard Money Loans Pure asset-based bridge loans for time-sensitive opportunities: acquisition, rescue loans, REO/auction purchases, partnership buyouts, and quick cash-out. Closes in 5-7 days with up to 80% LTV, 6-24 month terms, no income verification, and no prepayment penalties after month 3. For investors and operators needing rapid capital deployment for distressed asset acquisitions or rescue scenarios.
• Commercial Bridge Loans Short-term bridge financing for commercial asset acquisition, refinance, or repositioning. Up to 75% LTV for loan sizes $1M-$25M+ with 10-14 day closing. Focus on industrial, retail, office, and mixed-use assets. Bridge-to-perm refinancing paths available. For commercial operators acquiring or repositioning CRE assets needing short-term capital for stabilization or value-add plays.
• Multifamily Construction Loans Ground-up construction financing for 5+ unit multifamily, mixed-use, and build-to-rent projects. Up to 75% LTC (80% as exception), up to 70% LTARV, with $2M-$100M+ loan sizes (sweet spot $5M-$50M). Interest-only terms of 18-24 months with ~30 day closing. Minimum stabilized DSCR 1.20x (1.25x preferred). Origination 1.5%-2.5%. Recourse standard; non-recourse for qualified sponsors. For institutional multifamily developers and commercial operators.

Quantifiable outcome

• 3–4 week close for ground-up construction loans vs. 60–90 day industry standard
• +7 more outcomes

Named customers9 records

Segments6 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Scale indicators13 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Kiavi: Kiavi (formerly LendingHome) is a tech-enabled private lender specializing in fix-and-flip and single-family rental loans. It operates a similar non-QM, asset-based underwriting model and direct-to-borrower distribution, making it one of the closest direct competitors to HML's core residential investor programs.
• CoreVest Finance: CoreVest Finance, a Pretium Partners company, finances residential real estate investors through fix-and-flip, single-family rental, and new construction loans. It directly competes with HML across the same investor borrower segments with institutional backing.
• LendingOne: LendingOne is a private hard money lender offering fix-and-flip, rental, and new construction loans to investors. It competes directly with HML across multiple loan products targeting the same small-balance, non-QM residential borrower.
• Lima One Capital: Lima One Capital is a private hard money and rental lender offering construction, bridge, and DSCR loans to real estate investors nationwide. Its product suite and direct balance sheet model closely mirror HML's investor-focused offerings across residential and multifamily segments.
• RCN Capital: RCN Capital is a private direct lender providing hard money, bridge, and rental portfolio financing to real estate investors. Its nationwide footprint and asset-focused underwriting position it as a direct competitor in HML's residential fix & flip and rental segments.
• Angel Oak Mortgage Solutions: Angel Oak Mortgage Solutions is a non-QM lender offering DSCR, fix-and-flip, and bank statement loans to real estate investors. Its non-QM product portfolio overlaps directly with HML's DSCR rental and bridge loan programs.

Broad incumbents

• JLL Capital Markets: JLL Capital Markets is a major commercial real estate investment bank and lender. It provides broader incumbent competition to HML's commercial bridge and multifamily construction programs at the institutional end of the market.
• NewRez (Shellpoint Mortgage): NewRez, parent of Shellpoint Mortgage, is a large non-QM mortgage lender offering DSCR and investor loans. As a larger incumbent with broader product scope and capital access, it represents scaled competition for HML's niche non-QM programs.
• Pretium Partners: Pretium Partners, through CoreVest Finance and direct SFR investments, is a major institutional capital provider in build-to-rent and single-family rental. Its overlapping exposure to HML's borrower base and deeper capital pool make it an indirect incumbent competitor.

Emerging players

• Groundfloor: Groundfloor is a real estate investment marketplace that funds short-term property loans through retail investors. While operating a structurally different marketplace model, it targets the same fix-and-flip borrower base as HML with a differentiated capital source.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@HMLInvestments
• Facebookfacebook.com/people/HML-Investments/100078760097836
• LinkedInlinkedin.com/company/hml-investments
• Instagraminstagram.com/hmlinvestments
• Xx.com/HardMoneyLoanCA

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about HML investments