Seeking Private Lender for SFR Flip in Austin Area

[Wade Goodwin]

Hi All,

My company is looking to acquire a SFR property within the next two weeks to flip in the greater Austin area, and we are looking to secure a private money loan for acquisition and rehab costs. Looking to find better rates/points than what the current hard money lenders are charging.

If you, or someone you know, has any interest in lending private funds, please shoot me a DM or reply to this thread. I'd love to set up a meeting to further discuss.

Max Acquisition Cost = $250k

Max Borrower Contribution = $60k

Rehab Cost = TBD (Lean towards mostly cosmetic projects)

If you need any additional information to gauge your interest, please don't hesitate contacting me.

All the best,

Wade

[Sean Richway]

@Darren Eady  I definitely understand your skepticism as I am used to that reaction to be honest :).  To be short and sweet, the reasons that set us apart from others are mainly 3;

1.  We offer a stated program that only requires a 500 credit score or higher

2.  We credit the borrowers for buying properties at a discount on current value, and that is the secret to how we can fund 90% of purchase.  Majority of other lenders will still require 20-25% down even with a discounted purchase.  We do not require that.  If you buy a property at 25% of a discount or more on its current value, then we can fund 90% of the purchase price.  This includes for rehabbing properties as well as just purchasing them outright as well.

3.  We credit borrowers that have experience in terms of factoring that into the pricing.  We don't have a fixed % rate we charge per project.  Everything we do is customized, which gives us a large advantage when competing on the marketplace. 

Hope this helps some to understand a little of the backstory as to why we are so successful at high leverage lending.