Texas and Ohio
- Single Family
- 2-4 Units
9.99%-13.99% depending on a number of factors, credit and cash-on-hand included. We offer a product that requires no minimum credit, cash-on-hand, or income requirements.
Yes. We will hold the repair amount in escrow and release the money in escrow draws as the repairs are completed.
We have a product that requires no credit score minimum, income requirements, or cash-on-hand.
No, we only provide loans for non owner-occupied properties.
Yes, we solely lend to company entities, among them LLCs and corporations.
At closing, all of the repair funds for a property will be held in escrow for release in draws.
The borrower will submit an escrow draw request, and within 24 hours, one of our loan servicing specialists will review the request. Within 48 hours after submitting the request, funding should be released. It is important to note that should a borrower submit inadequate documentation of the work to be completed, or already completed, this will delay the release of funds. Some escrow draws will require a site visit by one of our loan servicing specialists, which may also delay a draw request. A site visit can also be automatically scheduled as a result of poor documentation provided in an escrow draw request.
We don’t make any money on escrow draws. The cost of the draws support our loan servicing staff to ensure that the work is done properly and up to code.
Our loan amounts can range from $25K to $1M (with exceptions).
Investor Loan Source is a private money lender offering short-term purchase loans to real estate investors for investment properties. Locating Fix and Flip lenders that understand your market is very important. Get a private money loan for an investment property purchase, rehab or new construction in your area.
Fix And Flip Loans
Rates as low as 9.99%*
Investor Loan Source fix and flip loans can provide the cash you need to grow your real estate investment property portfolio:
- Closings in as little as 5 business days after appraisal
- No hurdles- flexible loan options designed to meet your strategic needs
Advantages of our Fix and Flip Loans
- Up to 100% of property purchase amount
- 100% financing on rehab costs
- Up to 75% ARV
Ready to get started with a fix and flip lender that knows the your market?
Speak to an expert today by calling 409-RE-LOANS or Apply Now!
Resources to help make you successful.
Tips for Choosing the Right Hard Money Lender
Hard money loans are preferred among real estate investors because of their quick turnaround time. However, not all hard money investment lenders in Texas are the same. To avoid getting talked into a bad deal, check out these tips for choosing the best hard money lender. Choose a Firm that Specializes in Hard Money Lending … Read more
Tips to Qualify for a Hard Money Loan
Hard money loans in Texas are a little bit different from regular bank loans. Those who have never tried to obtain one of these loans before may be a little unclear about what they need to qualify. Compared to traditional loans, there are fewer requirements. These loans are asset-based meaning the lender will mostly look … Read more
Signs of a Hard Money Loan Scam
Hard money loans have become a common tool used by real estate investors who need lump sums of money quickly to seize profitable opportunities before they slip away. Unlike traditional lending sources which require a much longer timeframe before releasing funds, hard money loans can get money in the hands of investors quickly with little … Read more
Understanding How a Hard Money Loan Works With Bad Credit
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Bank vs Hard Money Loans
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Hard Money: The Best Choice for Commercial Real Estate Loans
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Hard Money vs Private Money Loans: Know the Difference
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Common Hard Money Lending Mistakes You Should Avoid
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Understanding the Types of Commercial Real Estate Loans
Are you looking for your first real estate investment loan in Texas? If so, it’s important to understand how these commercial loans work. In most cases, these kinds of loans are used to purchase and/or renovate properties that are owner-occupied. Generally, these loans are for properties such as office buildings, retail centers, and mixed-use buildings. … Read more
Debunking the Myths about Hard Money Loans
Many people don’t understand how hard money loans in Houston work, especially when someone is first learning about them. There are a lot of misunderstandings about how these loans work and why you would want one. A lot of people automatically assume that they won’t qualify for these loans and that there are too many … Read more
Top Reasons Why Hard Money Loans Are Rejected
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All You Should Know about Real Estate Financing
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Signs of a Good Hard Money Lender
When credit history is an issue with getting a traditional loan, one option is to work with a hard money lender. Hard money loans in Texas are readily available, but you want to make sure the organization you deal with is legitimate. How can you tell? Use these three criteria to make sure the group … Read more
Top Hard Money Loan Facts Every Borrower Should Know
Hard money loans can be a financial instrument that saves the day for those who need fast cash or have problems with credit history. There are, however, rules to using hard money loans that will save the borrower time and money as well. Here are a few of those rules every applicant of hard money … Read more
A Brief Introduction to Hard Money Loans
Not everyone has perfect credit or can wait potentially weeks to get approved for a conventional loan. Borrowers who can’t get a conventional real estate investment loan in Houston, TX, can get a hard money loan. For people who don’t qualify or have to jump through too many hoops to get loans in the timeframe … Read more
The Checklist to Follow before Getting a Hard Money Loan
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Tom Berry’s Tips for 2019 Part3
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Tom Berry’s Tips for 2019 Part2
Tip #7 Build Multiple Income Streams Some of your income may come from real estate and some may not. If you start out like my wife and I did, full time, then all of your income will come from one place. For my wife and I, that income stream was Wholesaling. It was sufficient but … Read more
Tom Berry’s Tips for 2019 Part1
Tip #10 Your Network will = Your Net Worth “Your Network Will Equal your Net Worth.” This is a catchy saying we hear often at a lot of different real estate meetings. But so many don’t understand what it really means. People are the most important part of your business, not your marketing, not the … Read more