Fix and Flip Hard Money Loan
Your DIRECT Hard Money Lender
Fix and Flip Hard Money Lender with funding in as little as 10 days, Low FICO Minimum, Super Easy Closings.
Lending in Georgia, Florida, North Carolina, South Carolina, Tennessee, Texas & Virginia.
Our fix and flip hard money and private money loan programs are designed for real estate investors that need FAST, easy and flexible financing solutions for their investment deals.
Paces Funding stands out as a genuine DIRECT hard money lender. As asset-based lenders, we leverage our own funds to finance your hard money loan, providing us with increased flexibility to collaborate with you and tailor the loan to suit your unique circumstances.
No Obligation. Responses as fast as 24hrs!
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Fix and Flip Hard Money Lenders: Paces Funding
Paces Funding is a true DIRECT hard money and asset-based lender using our own money to fund your fix and flip loan giving us more flexibility to work with you and customize the loan around your circumstances. We know fix and flip hard money loans, so when you work with our team you also get our experience and collaboration to help you with your project. We work hard so that you have everything you need to succeed.
Paces Funding has a variety of residential hard money loan products available to fit the needs of any real estate investor including new construction hard money loans, residential hard money loans, cash out home equity loans, commercial hard money loans, fix and flip hard money loans, rehab hard money loans & hard money loans for real estate investors. Whatever your need, Paces Funding is the Fix and Flip Hard Money Lender that can help you accomplish your goals.
Fix and Flip Hard Money Loan Terms
Renovate, rehab and resell your property with a hard money loan.
Fix and Flip Hard Money Loan Terms
Renovate, rehab and resell your property with a hard money loan.
Guidelines
Why choose Paces Funding as your Fix and Flip Hard Money Lender?
Our fix and flip hard money loan programs are designed to meet the financial needs of real estate investors that demand prompt, convenient, and flexible solutions. As one of the best fix and flip hard money lender utilizing our own funds in Georgia, Florida, North Carolina, South Carolina, Tennessee, Texas & Virginia, we take pride in delivering quick decisions tailored to the specifics of your project and requirements. Our emphasis is on building a long-term relationship with you, putting your success over the transaction, and we believe our commitment shines through in every deal we undertake.
Our hard money loans are versatile and can be applied to a range of purposes, including commercial projects, residential, new construction, home equity loans, fix-and-flip loans, rehab loans, and real estate investments. Throughout the entire journey, from acquiring land to formulating construction budgets and overseeing project milestones, we are unwaveringly dedicated to guiding you toward success.
Faster Turnaround
Competitive Rates
Asset Based Lender
Less Paperwork
Apply for a Fix and Flip Hard Money Loan in a Few Easy Steps
1.
Application & Review
Get started by filling out our easy online loan application. Once we receive and review your completed application, one of our experienced loan officers will call you to discuss any additional information we may need. After the Application review, the next step is for you to submit your purchase contract and renovation list. During this step we will also provide you with a Good Faith Estimate to review and approve.
2.
Loan Processing & Underwriting
Once the Good Faith Estimate has been approved, we will then order an appraisal and title. Our construction manager will visit the property with the borrower to go over the bid sheet and construction that will be performed on the property.
3.
Closing & Funding
During the final step we will set up the closing with our preferred attorney and send over the closing instructions and documents along with the wire to fund the transaction. The borrower is required to provide the necessary property insurance prior to closing. That’s it! We make the process simple and fast and you can get funded in as little as 10 days from start to finish!
Don’t take our word for it!
See what other people are saying about working with Paces Funding on their Fix and Flip Hard Money Loan!
So far I have completed 5 deals with Paces. They have been a great asset to my real estate investing journey. There were no hiccups with my funding or any closings
Project took me way longer than expected and they were able to see me through my entire process. I have experienced dealing with another hard money lender and they were real sharks. Thank you Paces Funding for putting me in position to never HAVING to use hard money ever again!
My company utilized Paces funding for 3 separate transactions. Within a two week period. Their team was prompt, attentive and professional. All transactions closed without a hitch. We definitely recommend Paces Funding!
I’ve had a ton of lenders tell me they can perform… then back out 2 days before closing. However, that wasn’t the case here. Lance said he could make it work, and he did. We aren’t willing to work with a lot of hard money lenders, but Paces Funding is a team I’d work with again any day.
We’ve executed 5 different loans with Paces since 2021. They have been a pleasure to work with. Lance in particular is on my speed dial and communicates thoughtfully and proactively to my team and me. We pride ourselves on doing good business throughout the changing market economics and we’ve appreciated Pace’s consistency in working with us.
We Service ResidentialNew ConstructionCommercialHome RemodelCash-out EquityReal Estate InvestorFix-and-Flip Hard Money Loans
Fix and Flip Hard Money Loan FAQ’s
We have funded properties as quickly as 1 day. If there are no unusual circumstances (i.e. title issues, all required documents in hand), then the closing can proceed as soon as the appraisal has been completed and title is cleared. Usually this can be accomplished within 1 week to 10 days. You do your best and we will respond in kind.
We currently lend throughout the Southeast. Other markets will be added soon. If you have a project in another market, contact us and we’ll discuss if we can lend on it.
No, our loans are usually for a 12 month term or less, but we have arranged financing for more than 12 months in certain situations, particularly commercial projects. We do have permanent lending partners that will be able to assist with your long term needs on single family properties.
We are a private lender with private money. We take risks that banks ordinarily would not and therefore charge a higher rate for the use of our funds. You will find that although the funds may cost more, it is less expensive than having a venture partner to finance your project.
No. We only make loans for commercial, business and investment purposes.
We will look at multifamily projects from 2 units to 200 and more. Bring us office buildings, retail, industrial, lots to be developed, and new construction.
Yes, your credit is important to us, but there is no credit score requirement and it is not the most important factor in financing your project. Your ability to repay a loan as required, your investment in the property, the cost of the property and the value after repairs are also considerations in our decision to lend.
It is certainly possible. We are a private lender, and as such, are not tied to the myriad of regulations that banks must follow. We underwrite and make our own loans based upon our decisions and understanding of the marketplace and your particular property. Usually if the property is worth it, we will give your loan request serious consideration.
These are acronyms for loan to value (LTV) – the value of the property in relation to the loan on the property and after-repaired-value (ARV) – the value of the property after all improvements or construction has been completed.
It has been incorrectly described as “hard” to find or “hard” to pay, but typically it is a secured real estate loan for investment purposes. The property is often enhanced via renovations that improve the value. The property is then sold or refinanced. The property provides the security in the event of default by the borrower. We are most interested in creating long term relationships helping good borrowers successfully invest in real estate.
