Chesapeake Hard Money Lenders
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.
Hard Money Lenders in Chesapeake, Virginia
FlipCo Financial energizes Chesapeake’s diverse real estate market with innovative hard money lending solutions. From waterfront properties along the Intracoastal Waterway to suburban developments in Great Bridge, we understand the unique opportunities in Hampton Roads’ largest city by land mass. Our local expertise spans Chesapeake’s distinct communities, whether you’re renovating historic homes in South Norfolk, developing new construction in Western Branch, or capitalizing on the growing medical corridor near Battlefield Boulevard. As Chesapeake continues its strategic growth between urban Norfolk and rural Suffolk, investors need a lending partner who understands both the waterfront lifestyle and suburban expansion driving the market. Our hard money loans fuel projects across Chesapeake’s most promising areas – from Greenbrier’s commercial transformation to Deep Creek’s family-friendly neighborhoods. We offer funding solutions for investors capitalizing on Chesapeake’s unique position as a city where maritime industry meets military stability, creating steady housing demand from shipyard workers, naval personnel, and healthcare professionals. With funding decisions faster than a boat through the Great Bridge Lock and terms clearer than the Elizabeth River on a summer morning, FlipCo Financial helps you navigate opportunities in a market where waterfront charm meets suburban convenience. Whether you’re converting older properties in Portlock or developing new communities near the expanding Chesapeake Regional Medical Center, we provide the quick, flexible funding needed to succeed in this dynamic coastal market.
The Strategic Growth Triangle
Chesapeake's position within Hampton Roads creates a unique investment advantage few markets can match. As the geographic center between Virginia Beach's tourism, Norfolk's urban core, and Suffolk's rural charm, Chesapeake captures diverse resident demographics seeking value without compromise. The city's strategic development plan, particularly along the Dominion Boulevard corridor and Summit Pointe, is creating new micro-markets where investors can get in early. This isn't just suburban sprawl - it's calculated growth with purpose. The expansion of Dollar Tree's corporate headquarters has sparked a live-work-play district that's reshaping investment opportunities in the Greenbrier area, while the modernization of the Oak Grove corridor is creating value-add opportunities in previously overlooked neighborhoods.
The Maritime-Military Multiplier
Chesapeake's waterfront access isn't just scenic - it's an economic powerhouse. With the Great Bridge Lock seeing over 50,000 vessel passages annually and the Intracoastal Waterway driving maritime commerce, waterfront properties serve both residential and commercial investment opportunities. The city's proximity to multiple military installations, including Naval Station Norfolk and Joint Expeditionary Base Little Creek-Fort Story, creates a reliable tenant pool of service members and defense contractors. This unique combination of maritime industry and military presence provides investors with year-round rental demand and stable property values, particularly in neighborhoods like Western Branch and Deep Creek, where water access meets military convenience.
Healthcare Hub Emergence
While Virginia Beach and Norfolk traditionally dominated the region's medical scene, Chesapeake is quietly becoming Hampton Roads' next healthcare destination. The expansion of Chesapeake Regional Medical Center, combined with the growth of specialized medical offices along Battlefield Boulevard, has created a healthcare corridor driving both commercial and residential real estate opportunities. This isn't just about medical offices - it's about creating an ecosystem where healthcare professionals want to live and work. Properties near these medical hubs, particularly in the Greenbrier and Great Bridge areas, are seeing increased demand from healthcare workers seeking short commutes. The trend is amplified by the aging population in surrounding communities, creating opportunities for medical office conversions and healthcare-focused residential developments.
Chesapeake 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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