Akron Hard Money Loans
We provide direct private loans to help investors achieve project success.
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.
Akron Hard Money Loans
Known as a hub for healthcare and education, Akron has seen growth in job opportunities and population stability. This city combines affordability with potential, particularly in neighborhoods near the University of Akron and the Firestone Park area. Akron’s rental market is on the rise, providing steady returns for buy-and-hold investors. FlipCo’s flexible financing options cater to real estate investors in Akron, whether they aim to quickly resell upgraded properties or build a rental portfolio to meet local housing needs.
Each city offers unique investment opportunities, and FlipCo’s specialized lending services help investors realize their goals with local market insights and adaptable financing. Let me know if you need more specific details or stats for any of these cities!
Are You Looking For a Hard Money Lender in Akron?
Are you searching for a trusted hard money lender in Akron? FlipCo Financial provides fast, flexible funding solutions for real estate investors throughout the Rubber City and surrounding Summit County. Akron’s real estate market offers unique opportunities with its combination of historic neighborhoods, university influence, and ongoing urban development initiatives. Our experienced lending team understands the potential in areas from Highland Square to Merriman Valley, and from Wallhaven to Ellet. Whether you’re planning to renovate properties near the University of Akron, develop multi-family units in established neighborhoods, or expand your rental portfolio, we offer competitive rates and can close deals in as little as 48 hours. With Akron’s affordable entry points and strong rental demand from healthcare workers, university students, and young professionals, now is an excellent time to invest in the city’s diverse real estate market. From fix and flip loans to bridge financing and rental property loans, FlipCo Financial delivers the funding solutions Akron investors need to succeed. Contact us today to learn why real estate investors throughout Ohio trust FlipCo Financial for their hard money lending needs.
Healthcare & Education Growth
Akron's economy is strengthened by major institutions like Akron Children's Hospital, Summa Health System, and the University of Akron. The healthcare sector continues to expand, with significant investments in medical facilities and research centers. The University of Akron's presence, with over 15,000 students, creates consistent rental demand and investment opportunities, particularly in neighborhoods like Highland Square and University Park. This institutional backbone provides stability to the real estate market and ensures steady demand for both rental properties and renovated homes.
Exceptional Affordability & ROI Potential
Akron offers remarkably affordable entry points for real estate investors compared to larger Ohio markets and national averages. This affordability, combined with strong rental yields, creates opportunities for impressive returns on investment. The city's ongoing revitalization efforts, including the Downtown Akron Vision and Redevelopment Plan, are driving property appreciation in targeted areas. Investors can acquire properties at reasonable prices while benefiting from both steady cash flow and potential appreciation as neighborhood improvements continue.
Strategic Location & Economic Diversification
Akron's strategic location within Northeast Ohio's polymer and manufacturing corridor, combined with its proximity to Cleveland, creates a diverse economic base. The city's transformation from its rubber industry roots to a hub for polymer research, healthcare, and education has created new opportunities for real estate investors. Major employers like Goodyear and FirstEnergy maintain their headquarters in Akron, while the growing biomedical corridor attracts healthcare professionals and researchers. This economic diversification supports stable property values and consistent rental demand across various neighborhoods.
Akron Hard Money Lenders
Quick closing
Minimal doc collection
All investor loans (non-owner occupied)
No appraisals, credit or background checks
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- 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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