Local Hard Money Lenders For Real Estate
Hard money lending is a type of financing in which a borrower receives funds from a hard money lender, typically in the form of a loan. Hard money loans are usually short-term loans, with terms ranging from one year to three years. Hard money loans are typically used for the purchase of investment properties, such as fix-and-flip properties or rental properties. hard money lenders are typically private individuals or companies, as opposed to banks or other financial institutions. hard money loans are typically more expensive than traditional bank loans, but they can be easier to obtain for borrowers with less-than-perfect credit. hard money lenders usually require collateral, such as the property being purchased, in order to secure the loan.
Local Hard Money Lenders
FlipCo Financial is a hard money lender that helps investors get funded to complete their projects and achieve success. We provide fast funding for real estate investors looking to purchase, rehab, or refinance properties. Our loans are backed by collateral, so we’re able to approve loans quickly and without the same strict credit requirements of traditional lenders. This allows us to fund projects that other lenders would not finance, giving our clients the opportunity to succeed where others may have failed. We’re proud to be a hard money lender that helps our clients achieve their goals and fulfill their potential.
FlipCo Financial Loans Nationwide
Texas
Tennessee
Florida
Georgia
Kansas
Missouri
Arizona
North Carolina
South Carolina
Why Hard Money For Investing?
When it comes to real estate investing, hard money is often the best option. The reason hard money is such a good option for real estate investing is that it is fast and flexible. With a hard money loan, you can typically get the funding you need within 3 days, And because hard money lenders are not as strict as banks when it comes to credit score requirements, it is easier to qualify for hard money financing. If you are looking for a fast and flexible financing option for your real estate investing business, hard money is the way to go.
FlipCo Financial Is Your Premier Hard Money Lender
When it comes to hard money lending, FlipCo is the best in the business. We offer quick turnaround times, and minimal requirements to get approved and our loan officers work with you to ensure your project is successful. We understand that time is of the essence when it comes to hard money lending, so we make sure to get you the funds you need as quickly as possible. Whether you’re flipping a house or funding a new construction project, we have the experience and expertise to help you succeed. When it comes to choosing a hard money lender you want to make sure to choose a company you can trust with this huge decision. We have had client success with thousands of lenders. We have the resources and funds to ensure that you are successful with your real estate investment.
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FAQ's
A hard money loan is a type of short-term financing secured by the property’s value rather than the borrower’s creditworthiness. FlipCo Financial specializes in hard money loans for real estate investors, offering quick access to capital for property purchases and rehab. These loans are ideal for fix-and-flip projects, BRRRR strategy investments, and other short-term needs.
As a true asset-based lender, FlipCo Financial focuses on the property’s potential rather than your credit score. We provide flexible terms, faster funding, and a borrower-friendly approach, removing common pain points like lengthy underwriting processes, excessive due diligence requirements, and excessive deal delays.
Loan amounts are based on the property’s projected After Repair Value (ARV). FlipCo will lend up to 75% ARV. We follow industry standard underwriting guidelines, ensuring comparable properties (comps) are similar in size, type, and location. Our approach helps investors maximize their projects’ potential while managing risk.
Yes! As a true asset-based lender, we prioritize the asset over the borrower’s credit. Because of this, we do not have a credit score minimum or require a credit check as part of the application process. Although credit does not impact funding qualification with FlipCo, it can impact a borrower’s ability to get long-term financing if the exit strategy is to hold the property as a rental.
Yes! While experience can strengthen your application, we work with first-time investors and provide guidance throughout the process. Budgets larger than $60,000 will require additional review if a first-time investor.
FlipCo’s streamlined process allows us to fund loans within a matter of days. We move as fast as you do! Once your application is complete and approved, we work quickly to ensure you can close your deal without delay.
To apply, you’ll need to complete a loan application, submit your project budget in the FlipCo format, property photos, and purchase contract. If you do not choose to finance your rehab with FlipCo, we will still need to see your proposed SOW to understand the final product for accurate valuation. Our team reviews this information to ensure the project aligns with our lending criteria. Upon Underwriting Approval, final due diligence documents include entity documents, EOI, and Proof of Funds.
Borrowers can easily submit property photos through FlipCo’s online application portal or via email to their assigned account manager. We require clear photos of the property’s exterior, interior, and any areas requiring repair or renovation to support the underwriting process.
For property inspections, FlipCo accepts formal inspection reports from licensed inspectors, appraisers, or contractors. In some cases, detailed walkthrough videos or virtual inspections may also be accepted, provided they meet our underwriting requirements. Our team will guide you on what’s needed for your specific loan application.
Apart from the subject property, FlipCo requires the borrowing entity be registered and operating within the US as well as in good standing. Borrowers must provide proof of current liquid funds to meet calculated Minimum Reserves; this requires providing most recent bank statement and screenshot of current bank balance within 10 business days of closing. No active or pending judgements, liens, foreclosures, or bankruptcies personally or associated with a business entity.
FlipCo lends on residential, single-family homes and multi-family units. Property types include single family residence, duplex, triplex, quad. The property must be for investment purposes and cannot be owner-occupied and/or the borrower’s primary residence. Manufactured homes and shared wall units such as townhouses and condos are excluded.
FlipCo lends in several states and recently expanded to Ohio cities. Our states include Arkansas, Florida, Georgia, Indiana, Kansas, Missouri, North Carolina, Ohio, South Carolina, Tennessee, Texas, and Virginia. Check our website for a detailed list of states where we operate.
FlipCo can lend up to $1,000,000 per unit. FlipCo does not have a loan minimum. We do have an origination minimum of $2,500.
How does FlipCo handle draw requests for rehab projects?
FlipCo issues reimbursements through draw requests once work is completed and paid. While there’s no required timeline for draw submissions, we encourage borrowers to submit within the first 30 days to keep their projects on track. To make a draw request, visit: FlipCo Rehab Draw Request – FlipCo Financial
Absolutely! FlipCo provides guidance to make the transition seamless with our in-house DSCR specialists!
FlipCo will only charge interest of funds drawn, not total committed. Your FlipCo quote will provide estimates on your minimum and maximum fully drawn interest payment for your review in assessing your potential carrying costs.
FlipCo offers short-term financing for 3- and 6-month terms. Extensions are available. Additional fees may apply.
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