Hard Money Loans2024-02-20T14:23:40-05:00

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.

  • LOW Credit Minimums
  • NO Prepayment Penalty
  • Loans to Company or LLC
  • 11% – 14% Interest Rates
  • Loan fee of 2.75-4.5 Points

  • Term – 12 Months

  • $0 Doc Fee
  • Loans from $50,000 to $5,000,000

  • Interest only payments

  • Up to 70% ARV

  • Lenders Title Policy Required
  • Close in 2 weeks

Hard Money Lender Loan Terms

Renovate, rehab and resell your property with a hard money loan.

Guidelines

  • LOW Credit Minimums
  • NO Prepayment Penalty
  • Loans to Company or LLC
  • 11% – 14% Interest Rates
  • Loan fee of 2.75-4.5 Points
  • Term – 12 Months
  • $0 Doc Fee
  • Loans from $50,000 to $5,000,000
  • Interest only payments
  • Up to 70% ARV
  • Lenders Title Policy Required
  • Close in 2 weeks

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

M Benton, Google Review

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!

R.O.I Empire, Google Review

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!

J R, Google Review

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.

Matthew D, Google Review

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.

Property Bros. & Sisters, Google Review

QUICK & EASY APPLICATION!

Get a quick response and funding when you apply online!

QUICK & EASY APPLICATION!

Get a quick response and funding when you apply online!

We Service ResidentialNew ConstructionCommercialHome RemodelCash-out EquityReal Estate InvestorFix-and-Flip Hard Money Loans

We are here to help!

For more information or to get started, get in touch with one of our helpful and knowledgeable private lending experts today.

Hard Money Loan FAQ’s

Understanding what sets a hard money lender apart from traditional loans can be confusing. That’s why we’ve put together an easy  FAQ list to tackle the usual questions that pop up. Got a hard money loan question not covered here? No worries! Just give us a call at 404-814-1644. We’re here to chat and make sure you’re feeling confident about everything before diving into your hard money loan journey.

How quick can you fund?2013-10-17T19:10:43-04:00

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.

Where do you loan?2021-09-28T11:49:19-04:00

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.

Do you make permanent loans?2013-10-17T19:10:11-04:00

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.

Why are your rates so much higher than banks?2013-10-17T19:09:54-04:00

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.

Do you make personal loans?2013-10-17T19:09:36-04:00

No. We only make loans for commercial, business and investment purposes.

Will you finance commercial properties or apartments?2013-10-17T19:09:19-04:00

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.

Does my credit matter?2013-10-17T19:09:03-04:00

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.

I’ve been turned down at banks, is it possible for me to get a loan from Paces Funding?2013-10-17T19:08:46-04:00

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.

What do LTV and ARV mean?2013-10-17T19:08:29-04:00

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.

What is a “hard money” loan?2013-10-17T19:07:46-04:00

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.

Please enable JavaScript in your browser to complete this form.
I am ...
Choose all that apply

YOUR INFORMATION

Full Legal Name
Your Home Address

Financial Information

(IF YOU ANSWER “YES” TO ANY QUESTION BELOW, PLEASE PROVIDE A DETAILED EXPLANATION)

Had any IRS or Property Tax Leins or Judgements?
Foreclosures or Garnishments?
Been a part to Bankruptcy or other insolvency?

SUBJECT PROPERTY INFORMATION (IF APPLICABLE)

Email Updates

Recommended for You

The Role of Hard Money Loans in Commercial Property Investments

Hard money loans play a pivotal role in the world of commercial property investments. This guide is designed to shed light on how these loans work and how they can be effectively utilized in commercial real estate ventures. The Role of Hard Money Loans in Commercial Property Investments This guide will explore: What are hard money loans in commercial real

Effective Exit Strategies for Real Estate Investors

Developing effective exit strategies is a crucial aspect of real estate investing. This guide aims to provide insights into various exit options, helping investors maximize returns and minimize risks. Effective Exit Strategies for Real Estate Investors This guide will delve into: Importance of having an exit strategy in real estate Different types of exit strategies for investors Timing the market

Understanding the Risks and Rewards of Real Estate Investing

Real estate investing can be a pathway to wealth, but it's not without its risks and rewards. This guide is designed to provide a balanced view, helping you make informed decisions as you navigate the world of real estate investment. Understanding the Risks and Rewards of Real Estate Investing In this guide, we'll discuss: The potential rewards of real estate

Go to Top