Who Offers Warehouse Lines to Hard Money Lenders? What Filings Show

Public filings show that hard money lenders get their credit lines mostly from regional and community banks, and that larger business-purpose lenders also use warehouse and repurchase facilities from banks and other warehouse lenders. Manhattan Bridge Capital borrows from Webster Bank, Flushing Bank and Valley National Bank, and Sachem Capital from a group led by Needham Bank, according to their latest quarterly reports.

This page lists examples disclosed by public lenders in filings with the Securities and Exchange Commission. It is not a directory or a recommendation, and terms vary by lender and by deal. For how the facilities work, see our complete guide to the warehouse line of credit.

Who lends to public hard money lenders?

Borrower	Facility and lender	Size	Pricing	Source
Manhattan Bridge Capital	Revolving credit line, Webster Bank and Flushing Bank	$32.5 million	SOFR plus a premium, or base rate plus 2.00%, plus a 0.5% agency fee; about 7.2% at Sept. 30	Form 10-Q, Sept. 30, 2026
Manhattan Bridge Capital (MBC Funding II)	Committed credit line, Valley National Bank	$10.0 million	Term SOFR, subject to a floor, plus a margin; about 6.7% at Sept. 30	Form 10-Q, Sept. 30, 2026
Sachem Capital	Revolving credit facility, Needham Bank as agent	$50.0 million	Greater of prime minus 0.25% or 4.50%; 6.50% at June 30	Form 10-Q, June 30, 2026
Velocity Financial	Several warehouse, repurchase and bank facilities; lenders described as "a bank" or "a warehouse lender"	$50 million to $400 million each	SOFR plus 1.60% to 3.50%	Form 10-Q, Sept. 30, 2026

At the Federal Reserve's 7.00% prime rate for Nov. 5, Sachem's formula works out to 6.75%. (Calculation by The Lender Market.)

Are these really warehouse lines?

Mostly not, for the smallest lenders. Manhattan Bridge's Webster line is "secured by assignments of mortgages and other collateral," and the Valley line is subject to "a borrowing base based on eligible mortgage loans," its 10-Q says. Sachem must assign Needham mortgage loans with principal of at least the greater of $30.0 million or the amount it has borrowed. These lenders hold loans until they pay off, so the lines work as balance sheet revolvers rather than as warehouse lines that are repaid when loans are sold.

Velocity is closer to the classic model. It reported $425.4 million of available warehouse line capacity at Sept. 30 in its third-quarter release. Its largest facility, a $400.0 million repurchase agreement with "a warehouse lender," is modified mark-to-market and bears interest at SOFR plus 2.65%; several others are non-mark-to-market, according to its 10-Q. Velocity says it intends to use proceeds from new securitizations primarily to repay its warehouse borrowings.

What should a hard money lender take from this?

Start local. In these filings, the banks lending to small hard money lenders are regional and community banks, and the lines carry covenants, borrowing bases and owner guarantees. Manhattan Bridge says Assaf Ran has provided a personal guaranty of up to $1.0 million on the Webster line. For what lenders must show to qualify, see warehouse line of credit requirements; for the rates these lines float over, see hard money and private lending rates today.

Examples are from public filings and are not an endorsement of any lender. Nothing here is financial or legal advice.