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Hard money lenders in Garland
Fix and flip loans for Garland investors. We fund 100% of the purchase and 100% of the rehab, up to 70% of after-repair value, and close in about 5 days.
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Estimate only. Loan amount is the lower of 100% of purchase plus rehab or 70% of the sale price when finished (after-repair value). Minimum loan $150,000. Business-purpose loans on investment property.
Fix and flip loans in Garland
We lend on investment houses throughout Garland and the rest of Dallas County. The loan covers the purchase and the full rehab budget in one loan, with the rehab money released in draws as the work gets done.
We see a lot of deals in the 1950s to 1970s ranch-house neighborhoods in central and south Garland and the blocks toward Lake Ray Hubbard.
A Garland deal, sized
| Deal | Amount |
|---|---|
| Purchase price | $170,000 |
| Rehab budget | $50,000 |
| Total cost | $220,000 |
| After-repair value | $310,000 |
| 70% of after-repair value | $217,000 |
| You bring | $3,000 |
| Loan amount | $217,000 |
Run your own Garland deal in the hard money loan calculator.
What to know before you flip in Garland
Garland has a deep supply of older single-story ranch houses that make straightforward flips: cosmetic updates, a roof, windows and systems.
- Taxes. Check the Dallas Central Appraisal District record for the house so you know the property tax bill you will carry during the rehab.
- Foundation and roof. North Texas clay soil and spring hail mean foundation and roof checks belong in every inspection.
- Comps. Stay on the same side of I-635, I-30 and the President George Bush Turnpike when you pull sales, since major roads often split values.
Hard money loans across Dallas–Fort Worth
We lend on investment houses throughout the DFW metroplex, in Dallas, Tarrant, Collin, Denton and surrounding counties.
Questions investors ask
Straight answers about hard money loans in Garland.
Do you lend in Garland?
Yes. We fund fix and flip loans on investment houses throughout Garland and Dallas County.
How much of a Dallas flip will you fund?
100% of the purchase price and 100% of the rehab budget, as long as the total loan is no more than 70% of the after-repair value.
What if my purchase and rehab cost more than 70% of the after-repair value?
The loan stops at 70% of the after-repair value. You bring the difference between that amount and your total purchase and rehab cost.
What is the smallest loan you make?
Loans start at $150,000.
How fast can you close?
We can close in about 5 days once we have the contract, the rehab budget and title is open.
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