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$0
Doc Fee
2-4 Points
Loan Fee
Why Get a Hard Money Loan with Paces Funding
Our hard money and private loan programs are designed for real estate deals that need quick, easy and flexible financing solutions for their investment deals. As the biggest DIRECT lender using our own funds in the Southeast, we make speedy decisions tailored to your project. Everyone we work with gets treated with respect because we’re focused on building relationships, not just making deals.
Our loan products are tailored to meet the needs of residential fix and flips/rehab projects, new construction, and real estate investment purchases. We also specialize in commercial construction lending and cash out refinancing. From beginning to end we will help you all the way from purchasing land, creating a construction budget and inspecting each project along the way to ensure success.
fast
Closings
On average, the time necessary to close and complete hard money loans is two weeks and sometimes in as little as three days if the situation calls for it.
asset-based
Lender
Paces Funding is a private money lender that lends on asset value, not credit, with competitive rates.
relationship
Driven
We are in business to make you successful. We act as your partner and advise you to help ensure the best decisions.
minimal
Documentation
We are able to close deals quicker than most other lenders as we lend our own money and make our own decisions tailored to each project.
Don’t take our word for it!
See what other people are saying about working with Paces Funding on their hard money real estate 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
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.
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!
We Service ResidentialNew ConstructionCommercialHome RemodelCash-out EquityReal Estate InvestorFix-and-Flip Hard Money Loans
Paces Funding services many different types of hard money loans! From residential loans, remodeling projects or even investing and flipping homes, we can help!
Residential Remodel, New Construction, & Commercial
Our loan products are tailored to meet the needs of residential fix and flips and investment rehab projects. We also specialize in new residential and commercial construction lending from helping to purchase the land, creating a construction budget and inspecting each project along the way to ensure success.
Residential Remodel, New Construction, & Commercial
Our loan products are tailored to meet the needs of residential fix and flips and investment rehab projects. We also specialize in new residential and commercial construction lending from helping to purchase the land, creating a construction budget and inspecting each project along the way to ensure success.
Cash-out Equity
We provide cash out loans up to 50% of the appraised value of the home or vacant land.
Cash-out Equity
We provide cash out loans up to 50% of the appraised value of the home or vacant land.
Real Estate Investors
Fix-and-Flip, Purchase and Rehab Funding, Funding in as little as 10 days, No FICO Minimum, Super Easy Closings. Our hard money and private loan programs are designed for real estate investors that need quick, easy and flexible financing solutions for their investment deals.
Real Estate Investors
Fix-and-Flip, Purchase and Rehab Funding, Funding in as little as 10 days, No FICO Minimum, Super Easy Closings. Our hard money and private loan programs are designed for real estate investors that need quick, easy and flexible financing solutions for their investment deals.
Hard Money Loan FAQ’s
We understand the importance of speed for hard money real estate loans and can provide funding in as little as 10 days. It’s one of the many reasons why so many people choose Paces Funding as their go-to hard money lender. If you have questions about getting a hard money loan, don’t hesitate to contact us directly at 404-814-1644. Our friendly staff will be happy to answer any questions you may have about the loan process.
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.
