Private Lenders Houston: Hard Money For Real Estate
Houston is one of the most vibrant real estate markets in the country. As a result, there is a great need for private lenders who can provide hard money loans to finance successful real estate projects.
FlipCo Financial is one of the premier private lenders in Houston. We have a proven track record of success in providing hard money loans to our clients. We offer competitive rates and terms, and we are committed to working with our clients to ensure that their real estate projects are successful.
Top Private Lenders Houston, Texas
FlipCo Financial is a top private lender in Houston. We have been in the business for years and have funded millions of dollars in real estate projects. Our team of experts are dedicated to helping you get the funding you need to make your real estate dreams a reality.
Types of Private Hard Money Loans
Private lenders in Houston can provide you with the hard money loan you need to complete your next real estate project.
Fix and Flip Loan
A fix and flip loan is a type of hard money loan that is used to finance the purchase and renovation of a property. These loans are typically used by investors who want to buy and renovate properties for resale. The terms of a fix and flip loan are typically shorter than those of a traditional mortgage, and the interest rates are higher. However, because the loans are backed by the property being purchased, they are typically easier to obtain than traditional loans.
Short-Term Bridge Loan
A short-term bridge loan is a type of hard money loan that is used to finance the purchase of a property that will be used as collateral for the loan. These loans are typically used by investors who want to purchase and renovate properties for resale, but do not have the time to wait for a traditional mortgage to be approved. The terms of a short-term bridge loan are typically shorter than those of a traditional mortgage, and the interest rates are higher. As with the last loan the interest rates can be lower by the purchase.
If you are looking to refinance your current home, FlipCo Financial can help. We offer private refinancing loans that can help you get the money you need to cover your costs. Our loans are backed by the property being refinanced, so you can be sure that you are getting the best terms possible.
Transactional hard money is a type of financing that is used to fund the purchase and sale of assets. These loans are typically used by businesses that need to get cash quickly in order to complete a transaction. The terms of a transactional funding loan are typically shorter than those of a traditional loan, and the interest rates are higher.
Choose the right Private Lender in Houston
When you are looking for a private lender in Houston, it is important to choose one that is right for you. Here are a few things to keep in mind when making your decision:
It is important to choose a lender that has experience funding real estate projects. This way, you can be sure that they will have the knowledge and expertise to help you get the funding you need.
Rates and Terms
It is also important to compare the rates and terms offered by different lenders. This will help you find the best deal possible and ensure that you are getting the most value for your money.
Finally, it is important to choose a lender with excellent customer service. This way, you can be sure that you will receive the support you need throughout the loan process.
If you are looking for a private lender in Houston, contact FlipCo Financial today. We would be happy to discuss your financing needs and help you get the funding you need to make your project a success
What Clients Say About Us!
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.
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.
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
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.
- 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.