The Hottest Neighborhoods in Private Lending
See which neighborhood has the most activity in each state
We identified which ~1/3 mile radius locations had the most private lending activity across each MSA and state. We chose a ~1/3 mile radius because it contains a critical mass of homes while remaining localized enough to capture some of the “block-by-block” variation in neighborhoods.
Zooming in on individual neighborhoods reveals the diversity of deals private lenders are financing. From ground-up construction in exurbs to dense urban pockets where seemingly every fourth property has a DSCR loan, the geographic variation in private lending is vast.
Baltimore
Baltimore is the MSA with the second-highest number of private loans (behind NYC). The ~1/3 mile radius near McElderry Park had the highest concentration, tallying 109 loans YTD.
As the map shows, certain pockets have five or more homes on the same street with active private loans this year. While DSCR activity is strong, there’s a fair amount of construction loan activity as well.
Los Angeles
Far less dense than Baltimore and other older East Coast markets, Los Angeles’s top neighborhood clocked in at just 13 loans YTD.
This gentrifying neighborhood features bread-and-butter flips—small 2-bed, 1,200-square-foot properties with additions and remodels.
Orlando
Clermont, FL—an Orlando exurb—had the highest-density neighborhood in Florida. Activity was almost entirely new home construction, spread across numerous builders and seven different lenders.
San Diego
Rancho Santa Fe, a suburb of San Diego, had the densest private lending activity in the metro. With a median loan size exceeding $3 million, most deals here are luxury ground-up builds and high-end remodels.
These four metros illustrate the wide variety of deals private lenders are financing and how the mix shifts by geography. Each market has distinctly different deal types that pencil.
The table below shows the zip code, city, and MSA for the ~1/3 mile radius with the most loans YTD in each market.
Interested in the geographic boundaries or full nationwide file? Email us!