Private Lending Market Data: Where to Find Hard Money Loan Data
Where to find data on private lenders and hard money loans, from lender filings and SOFR to KBRA, ATTOM and MBA, with the latest readings and their dates.
Why it matters
- The most direct public data on hard money loan rates comes from the quarterly SEC filings of listed lenders such as Manhattan Bridge Capital, Sachem Capital and Velocity Financial.
- Manhattan Bridge's third-quarter report says its loans typically carry fixed rates of 9% to 12% plus 0 to 2 points, while SOFR was 3.94% on Oct. 28 and the prime rate 7.00%.
- Deal activity shows up in KBRA research on fix-and-flip loan securitizations, ATTOM's quarterly flipping report and MBA and CBRE commercial lending surveys.
Explainer: background on how this part of the market works.
The best public data on private and hard money loans comes from the quarterly filings of publicly traded lenders, such as Manhattan Bridge Capital, Sachem Capital and Velocity Financial, which disclose the rates, points and coupons they charge. Benchmarks from the New York Fed, the Federal Reserve and Freddie Mac, plus KBRA, ATTOM, MBA and CBRE research on securitizations, house flips and commercial lending, fill in the cost of capital and deal activity.
This page is updated monthly.
No single source tracks the whole private lending market. Most private lenders are private companies and do not publish their rates. The figures below come from public filings and official data, so treat them as reference points, not a market average. Nothing here is a rate quote, an offer of credit or investment advice.
Current private lending indicators
Latest readings as of Oct. 29, 2026, matching our weekly hard money and private lending rates today page. Manhattan Bridge Capital filed its third-quarter report on Oct. 21. Sachem Capital and Velocity Financial had not filed third-quarter results on the SEC's EDGAR system as of Oct. 29, so their figures are from second-quarter reports filed in August, before the Federal Reserve raised rates in September.
| Indicator | Latest value | As of | Source |
|---|---|---|---|
| Secured Overnight Financing Rate (SOFR) | 3.94% | Oct. 28, 2026 | New York Fed |
| Federal funds target range | 3.75% to 4.00% | Oct. 28, 2026 (held at the Oct. 27-28 meeting; in effect since Sept. 17) | Federal Reserve statement |
| Bank prime loan rate | 7.00% | Oct. 28, 2026 (latest Journal table; unchanged since Sept. 17) | The Wall Street Journal |
| 10-year Treasury yield | 4.98% | Oct. 29, 2026 | U.S. Treasury |
| 30-year fixed mortgage average | 7.24% | Week of Oct. 29, 2026 | Freddie Mac PMMS |
| 15-year fixed mortgage average | 6.60% | Week of Oct. 29, 2026 | Freddie Mac PMMS |
| Typical hard money loan rate, Manhattan Bridge Capital | 9% to 12% fixed, plus 0% to 2% points | Quarter ended Sept. 30, 2026 (filed Oct. 21) | Form 10-Q |
| Stated rates across Sachem Capital's loan book | 7.25% to 15.0%; default rate generally 18.0% | June 30, 2026 | Form 10-Q |
| Effective interest rate on Sachem loans held for investment | 11.4% | Q2 2026 | Earnings release |
| Weighted average coupon on new Velocity Financial loans | 9.99% (10.47% a year earlier) | Q2 2026 | Earnings release |
| Weighted average coupon on Velocity's total portfolio | 9.74% | June 30, 2026 | Earnings release |
| Residential transition loan (fix-and-flip) securitization issuance | $5.5 billion in 2025; about $4.8 billion projected for 2026 | July 30, 2026 | KBRA |
| Homes flipped | 77,991, or 6.2% of all home sales; typical gross profit $60,526 | Q2 2026, released Oct. 1 | ATTOM |
| Commercial and multifamily mortgage originations | Up 16% from a year earlier | Q2 2026, released Aug. 6 | MBA |
| Alternative lenders' share of non-agency CRE loan closings | 38% (34% a year earlier) | Q2 2026, released Aug. 3 | CBRE |
The benchmark readings match our rates and data page, last updated Oct. 29. KBRA projects rated deals at about 73% of 2026 fix-and-flip securitization volume. ATTOM said the typical profit margin on a flip fell to 21.5% in the second quarter from 25.7% in the first. For what these lender figures mean for borrowers, updated every week, see hard money and private lending rates today.
Where to find private lending data
| Source | What it covers | How often | Link |
|---|---|---|---|
| SEC EDGAR filings of listed private lenders (Manhattan Bridge Capital, Sachem Capital, Velocity Financial) | Loan rates, points, coupons, default rates, loan-to-value limits, credit lines and cost of funds | Quarterly reports (Form 10-Q), annual reports (10-K) and earnings releases (8-K) | EDGAR search or a company's filing index, such as Manhattan Bridge Capital's |
| New York Fed | SOFR, the benchmark behind most lender credit lines | Each business day at about 8 a.m. ET | SOFR data |
| Federal Reserve H.15 | Bank prime loan rate, fed funds and Treasury yields | Daily, Monday through Friday at 4:15 p.m. ET | H.15 release |
| U.S. Treasury | Daily par yield curve, including the 2-year and 10-year | Each trading day | Daily Treasury rates |
| Freddie Mac Primary Mortgage Market Survey | Average 30-year and 15-year fixed mortgage rates, a guide to takeout and refinance costs | Weekly, Thursdays at noon ET | PMMS |
| KBRA | Research and rating reports on residential transition loan (fix-and-flip) securitizations: volume, delinquencies, losses | Periodic research, plus a report on each rated deal | KBRA research |
| ATTOM U.S. Home Flipping Report | Number of flips, share of home sales, gross profit and margins, by metro | Quarterly | ATTOM flipping reports |
| Mortgage Bankers Association | Commercial and multifamily origination volumes by lender type, including investor-driven lenders | Quarterly survey | MBA release |
| CBRE Lending Momentum Index | Commercial loan closings, lender mix, spreads and debt service coverage | Quarterly | CBRE release |
| The Lender Market | Benchmarks behind lenders' cost of capital, in one table | Updated with each edition | Rates and data |
For the funding side of the market, lender filings also disclose warehouse and repurchase facility terms; our warehouse line of credit guide explains how to read them. For data on brokers, licensing and origination channels, see the loan brokers market explained.
How to read hard money rates
A hard money loan's price has several parts. Filings describe each one differently, so compare like with like.
- Coupon, or note rate. The annual interest rate on the loan. Manhattan Bridge says its loans typically carry a fixed rate of 9% to 12% for a maximum initial term of 12 months, and that most pay interest only, with a balloon payment at the end.
- Points. An upfront fee, quoted as a percentage of the loan amount. Manhattan Bridge says it usually receives 0% to 2%. On a $500,000 loan, 2 points is $10,000. (Illustrative figures.)
- Default rate. A higher rate charged if the borrower defaults. Sachem says its default rate is generally 18.0%, though it "could be more or less depending on state usury laws."
- Coupon vs. yield. A weighted average coupon is the average contract rate on the loans. Yield measures what the lender actually earned. Velocity reported a 9.74% average portfolio coupon but a 9.29% total portfolio yield in the second quarter. Sachem's 11.4% effective rate is interest income measured against its performing loans held for investment.
As a rough guide, a one-year loan at 10% with 2 points costs about 12% of the loan amount in its first year, before other fees. (Illustrative figures.) The lender keeps only part of that: Velocity said its portfolio debt cost 6.09% in the second quarter.
Frequently asked questions
Where can I find data on private lenders and hard money loans?
Start with the SEC filings of listed lenders such as Manhattan Bridge Capital, Sachem Capital and Velocity Financial, which disclose rates, points and coupons each quarter. Add SOFR from the New York Fed, the prime rate from the Federal Reserve's H.15 release, Freddie Mac's weekly mortgage survey, KBRA research on fix-and-flip securitizations and ATTOM's quarterly flipping report.
What are hard money loan rates today?
Public filings show about 9% to 12% plus 0 to 2 points. Manhattan Bridge disclosed that range for the quarter ended Sept. 30, 2026, and Velocity's new loans averaged 9.99% in the second quarter. Rates vary by deal, borrower and lender.
How often is this page updated?
Monthly, and sooner when listed lenders file new quarterly results or a benchmark moves sharply. Each figure in the table shows its own as-of date. Our rates hub is refreshed weekly.
Nothing on this page is a rate quote, an offer of credit or financial, legal or investment advice.
Sources
- Federal Reserve Bank of New York, Secured Overnight Financing Rate data and reference rates API (SOFR for Oct. 28, 2026)
- Federal Reserve Board, H.15 Selected Interest Rates (prime rate for Oct. 28, release of Oct. 29, 2026)
- Federal Reserve Bank of St. Louis, FRED, Federal funds target range, upper limit and lower limit
- Federal Reserve Board, Federal Reserve issues FOMC statement (Oct. 28, 2026)
- The Wall Street Journal, Money rates: prime rate (Oct. 28, 2026)
- U.S. Department of the Treasury, Daily Treasury Par Yield Curve Rates (Oct. 29, 2026)
- Freddie Mac, Primary Mortgage Market Survey (week of Oct. 29, 2026)
- Manhattan Bridge Capital, Form 10-Q for the quarter ended Sept. 30, 2026 (filed Oct. 21, 2026)
- Sachem Capital, Form 10-Q for the quarter ended June 30, 2026
- Sachem Capital, Second quarter 2026 results, Form 8-K exhibit 99.1 (Aug. 5, 2026)
- Velocity Financial, Second quarter 2026 results, Form 8-K exhibit 99.1 (Aug. 5, 2026)
- KBRA, KBRA Releases Research: Laying the Foundation, The Evolution of RTL Lending (July 30, 2026)
- ATTOM, Q2 2026 U.S. Home Flipping Report: Home Flipping Profits Continue Gradual Two-Year Decline (Oct. 1, 2026)
- Mortgage Bankers Association, Commercial/multifamily borrowing increased 16% in the second quarter of 2026 (Aug. 6, 2026)
- CBRE, Commercial real estate lending fundamentals remain strong in Q2 2026 (Aug. 3, 2026)
- The Lender Market, Rates and data, as of Oct. 29, 2026
- Illustrative calculations of points and first-year cost are by The Lender Market.
