Texas Hard Money Lenders: Reliable, Fast Funding from FlipCo Financial
Loan includes a rehab budget which is 100% funded.
Close fast with no pre-payment fee.
Allows non-owner occupied investors to leverage their funds.
Participate in a transaction without bringing funds to the table.
Texas Hard Money Lenders
When investing in Texas real estate, timing is everything. Traditional financing often falls short due to long approval times, strict guidelines, and slow closings. This is why savvy investors turn to trusted Texas hard money lenders like FlipCo Financial. We offer specialized, swift, and reliable financing solutions specifically designed to meet the dynamic needs of Texas real estate investors.
Texas hard money lenders, like FlipCo Financial, provide short-term loans secured by the real estate itself. Unlike traditional banks, we prioritize property value and potential, rather than relying heavily on credit history or lengthy financial statements. This makes Texas hard money lenders uniquely suited for investors, property developers, fix-and-flip professionals, or anyone who requires rapid funding for property deals across Texas.
FlipCo Financial Leads Texas Hard Money Lenders
As one of the leading Texas hard money lenders, FlipCo Financial specializes in efficient, personalized lending solutions tailored to the Texas market. Our knowledgeable experts understand the nuances of Texas real estate, enabling us to offer unparalleled speed and flexibility. We ensure quick approvals and expedited closings, empowering you to secure profitable investments swiftly.
Benefits of Choosing Texas Hard Money Lenders Like FlipCo Financial:
Quick Approvals: Our streamlined application process ensures fast turnaround times, essential for securing profitable investment opportunities.
Flexible Loan Terms: As experienced Texas hard money lenders, we provide adaptable financing structures aligned to your specific project needs and timelines.
Asset-Based Lending: Our primary focus is on property value, significantly simplifying the approval process compared to conventional lenders.
Local Expertise: Our deep familiarity with Texas real estate markets provides investors with strategic insights and personalized advice that other Texas hard money lenders might lack.
Who Benefits Most from Texas Hard Money Lenders?
Fix-and-Flip Investors: Texas hard money lenders help you rapidly acquire distressed properties, fund renovations, and quickly sell for profit.
Buy-and-Hold Investors: Quickly grow your rental portfolio with financing tailored to property acquisition and renovation.
Property Developers: Access immediate funds for construction or property redevelopment projects.
Commercial Investors: Fast-track commercial acquisitions or refinancing opportunities with targeted financing solutions.
FlipCo Financial: Serving All Major Texas Markets
FlipCo Financial is proud to be among the top Texas hard money lenders serving investors throughout Texas, including but not limited to
Our team’s extensive local knowledge allows you to leverage market-specific strategies and confidently capitalize on valuable investment opportunities.
We Offer a Variety of Loans
No matter what your needs are, our Texas hard money lender can offer a loan that fits. We offer a variety of loans, including fix and flip loans, bridge loans, and Rehab & Construction loans. We can also work with you to refinance your current loan. Our process is easy and simple and requires little paperwork with usually no credit checks. Our account managers will work with you to ensure you have the right type of loan for your project.
Need a Texas Hard Money Loan?
At our Texas hard money lender, we’re here to help you get the funding you need for your next real estate project. We have over 10 years of experience in the lending industry, and we’re dedicated to providing quality service and support. Contact us today to learn more about our services! We offer online quotes and will answer any question you have.
Texas Hard Money Lenders
Quick closing
Minimal doc collection
All investor loans (non-owner occupied)
No appraisals, credit or background checks
- Loan includes a rehab budget which is 100% funded.
- Leverage funds for multiple projects at once.
- Asset based approval.
- Quick and virtual rehab reimbursement.
- Close fast with a shortened guaranteed interest.
- No guaranteed interest.
- Stay ultra-competitive while making offers.
- Ideal for quick turnarounds and refinance exit stratgies.
- Allows non-owner occupied investors to leverage their funds.
- Ideal for auction purchases.
- Close with cash and let us put it back in your pocket.
- Get out of high interest rate private and hard money loans.
- Participate in a transaction without bringing funds to the table.
- Have a true closing to report.
- Seamless transaction.
- Bring your wholesaling game up a notch!
What Clients Say About Us!
FAQ's
At FlipCo, we understand that time is of the essence for real estate transactions. We can fund projects within 48 hours of receiving clear title and all underwriting documents.
The most important part of our deal structure is ensuring our client are set up for success. We go the extra mile to ensure that title issues are not overlooked, legal documents are prepared correctly for our clients and that our clients have all the tools they need for their projects. Our client’s success comes before anything else. Check out why we are the best Houston hard money lenders.
The monthly interest payment calculation is explained in detail via the agreed upon Term Sheet that is signed prior to project closing. We charge interest only payments and only ever on funds used. Our Houston hard money lenders will make sure you are notified about your payments well in advance and continually through your investing journey.
Yes, every property we lend on is required to have title, builder’s risk, hazard, and general liability insurance.
- Single Family Residential, up to 4 doors (No Owner-Occupied)
- First lien position
- Previously flooded properties require additional diligence from our underwriting team
- Additional square footage will require a survey prior to funding
At FlipCo, we offer a range of services to meet your real estate financing needs. Whether you’re looking to renovate and sell a property, secure a loan for a rental investment, or in need of a hard money loan, we have got you covered. Our Houston hard money lenders are experienced in providing financing options specifically designed for fix and flip projects, transactional funding rental investments, and refinance a rehab projects. For more information reach out to us here on our website.
When you contact our Houston hard money lenders, they will make sure to give you a check list of all the documents you need to qualify for your loan. Don’t worry, our experts have you covered.
Some Standard Documents of Purchase and Refinance Transactions will include and are not limited to:
– Driver’s License or Passport (ITIN number if you are a Foreign National)
– Purchase Agreement and any addendum(s)
– Proof of Earnest Money Deposit with check or wire receipt
– 2 Months Bank Statements to show the necessary cash to close and liquidity
– Entity Docs – Articles of organization, Operating agreement or Bylaws, EIN #, Corporate Resolution
– Title Commitment, Survey, HOA/Condo Questionnaire (if applicable), E&O, Wire Instructions, CPL, Draft Deed, HUD
– Evidence of Insurance – RCE/Insurable Value Required for Dwelling Coverage and 6 Months Loss of Rent Coverage
We typically approve our clients within 48 hours of receiving all required documents.
We do not require third party appraisals. All underwriting and price opinions are performed in house reducing project costs as well as providing enhanced efficiency to the underwriting process timeline. This makes a top choice for Houston hard money lenders.
- Last 3 months of bank statements
- Financial statement
- Completed borrower application
We offer a 3 and 6 month term.
FlipCo typically does not require a credit check. We pride ourselves on lending on the asset and strategy rather than the borrower’s credit score.
To qualify for a hard money loan, there are a few criteria you must meet. Firstly, if you are refinancing your property, you will need to have equity in it. This means that the value of the property should be higher than the outstanding balance of your existing mortgage.
If you are using the hard money loan for a property purchase, you will typically be required to make a down payment of at least 15% to 20% of the purchase price. Additionally, it is common practice for the property to be purchased under an entity, such as a business or commercial entity, to ensure that it is intended for business or commercial purposes.
These criteria, including having equity in your property for refinancing or making a sufficient down payment for a purchase, as well as utilizing an entity in the transaction, are important factors in qualifying for a hard money loan. FlipCo Financial are the premier Houston hard money lenders and will work with you to get the funding you need.
There are several compelling reasons why borrowers in Houston may opt for a hard money loan from a private lender instead of a conventional loan from a Houston bank:
1. Faster Funding: Unlike conventional banks that typically take 30-45 days or longer to approve and finance a residential loan, a Houston hard money loan from lenders like FlipCo Financial can be funded within a shorter time frame of 5-10 days. This is especially beneficial for borrowers who need immediate capital to secure a property or take advantage of time-sensitive opportunities.
2. Property Condition: Conventional banks often have strict underwriting guidelines that may prevent them from lending on properties in need of repair or upgrades. However, private lenders are more flexible in this regard and are willing to provide financing for properties that may lack cash flow or require renovations. This makes hard money loans a viable option for investors looking to purchase distressed properties or undertake renovation projects.
3. Asset-Based Lending: Unlike traditional banks that heavily rely on a borrower’s credit score, reported income, and debt-to-income ratio, hard money lenders focus primarily on the value of the asset being used as collateral for the loan. This means that borrowers with a less-than-perfect credit history or high debt levels can still be eligible for a hard money loan, as long as the property’s value justifies the loan amount. This asset-based approach opens up borrowing opportunities for individuals such as professionals with high incomes but significant debt obligations who may be turned down by traditional banks.
Overall, choosing a hard money loan in Houston from a private lender offers distinct advantages in terms of speed, property condition flexibility, and a focus on the asset rather than the borrower’s financial standing. These factors make hard money loans a preferred option for those seeking alternative financing options in the Houston market.
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