Hard Money Loans
Your DIRECT Hard Money Lender
Funding in as little as 10 days, Low FICO Minimum, Super Easy Closings.
Lending available in Georgia, Florida, North Carolina, South Carolina, Tennessee, Texas & Virginia.
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.
No Obligation. Responses as fast as 24hrs!
All information provided is secure and confidential. By submitting your information you agree to our Privacy Policy and Terms of Service.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Paces Funding – The DIRECT Hard Money Lender
A true DIRECT hard money lender is a lender who uses their own money to fund your loan which means this gives us the ability to work with you to customize the loan around your circumstances. We specialize in hard money lending, so when you choose to work with us on your project you get a team working with you to help you succeed.
Paces Funding offers many different types of hard money loans 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 Hard Money Lender that can help you accomplish your goals.
Hard Money Lender Loan Terms
Renovate, rehab and resell your property with a hard money loan.
Hard Money Lender Loan Terms
Renovate, rehab and resell your property with a hard money loan.
Guidelines
Why Choose Paces Funding as your Hard Money Lender?
Explore the benefits of our hard money lending programs, meticulously crafted to address the financial requirements of real estate transactions that demand immediate, convenient, and adaptable solutions for investors. As a premier hard money lender utilizing our own private funds in Georgia, Florida, North Carolina, South Carolina, Tennessee, Texas & Virginia, we take pride in delivering FAST decisions tailored to the unique aspects of your project and specific requirements. Our primary focus is on building a lasting relationship with you, putting your success as the main goal. We firmly believe that our commitment is evident in every deal we make.
Discover the versatility of our hard money loans for suitable for many purposes including commercial projects, residential, new construction, home equity loans, fix-and-flip loans, rehab loans, and real estate investments. Throughout the entire process, from purchasing land to creating construction budgets and hitting project milestones, we remain steadfastly committed to the success of your project.
Faster Turnaround
Competitive Rates
Asset Based Lender
Less Paperwork
Hard Money Loans: The Loan Process
1.
Fill out the Loan Application
Get started by filling out our easy loan application OR If you can not fill it out online you may download the application here, fill it out, and fax it to us at 404.814.1641
2.
Application Review
Once we receive your completed application, we will review the application and one of our experienced loan officers will call you to discuss any additional information we may need.
3.
Additional Documents
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.
4.
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.
5.
Closing & Funding
At this time we will set up the closing with our preferred attorney and send over the closing instructions/documents along with the wire to fund the transaction. The borrower is required to provide the necessary property insurance prior to closing.
6.
Start your Project
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 our clients are saying about working with Hard Money Lender Paces Funding!
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
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.
We care about YOUR success
We’re all about your success! Think of us as your partners in every project, providing the tools and advice you need to thrive. As the biggest direct hard money 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.
We care about YOUR success
We’re all about your success! Think of us as your partners in every project, providing the tools and advice you need to thrive. As the biggest direct hard money 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.
Online Loan Application
If you have a loan request that you believe fits our Loan Criteria and is within our Residential Guidelines or Commercial Guidelines please start your application now! We typically answer requests within 24 hours.
Recommended for You
Sustainable Real Estate Investing: Trends and Tips
Sustainable real estate investing is gaining momentum as investors recognize the importance of environmentally friendly and socially responsible practices. This guide explores current trends in sustainable real estate and provides practical tips for investors looking to embrace this approach. Sustainable Real Estate Investing: Trends and Tips In this guide, we'll delve into: The rise of eco-friendly properties Benefits of sustainable
The Benefits of Investing in Multi-Family Properties
Investing in multi-family properties is a strategic move for many real estate investors. This guide highlights the benefits of such investments, offering insights into why they can be a lucrative addition to your portfolio. The Benefits of Investing in Multi-Family Properties In this guide, we'll examine: Higher potential rental income Economies of scale in property management Diversification of investment risk
Hard Money Loans vs. Traditional Mortgages: A Comparative Analysis
Understanding the differences between hard money loans and traditional mortgages is crucial for real estate investors and homebuyers. This guide provides a comparative analysis to help you make informed decisions based on your financing needs. Hard Money Loans vs. Traditional Mortgages: A Comparative Analysis In this guide, we'll explore: Key differences between hard money loans and traditional mortgages Pros and
