Seeking Private Lender for SFR Flip in Austin Area

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Seeking Private Lender for SFR Flip in Austin Area

Wade Goodwin
New Braunfels, TX · Member since 2014 · 18 posts · 4 votes

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

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Most Popular Reply

Sean RichwayBusiness Member
Lender · Chevy Chase, MD · Member since 2015 · 1k+ posts · 136 votes
10y

@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.

Infinity Capital Finance4.48 Reviews
WebsiteView Page
1Reply
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  • Zack Lofton
    Hard Money Lender · Austin, TX · Member since 2015 · 97 posts · 36 votes
    10y

    Hi @Wade GoodwinI'd be happy to help if you need an easy to use hard money lender. We don't require and appraisal and can fund in just a few days. Feel reach to PM or reach out via email (my contact info is in my bio).

    0Reply
  • Charlie Fitzgerald
    Lender · Las Vegas, NV · Member since 2015 · 2k+ posts · 1k+ votes
    10y

    I'd be interested also.

    0Reply
  • Sean RichwayBusiness Member
    Lender · Chevy Chase, MD · Member since 2015 · 1k+ posts · 136 votes
    10y

    @Wade Goodwin  I would be interested to take a look as well.  We can offer up to 90% of purchase and 100% of rehab with rates starting at 7%.  Feel free to reach out.

    Infinity Capital Finance4.48 Reviews
    WebsiteView Page
    0Reply
  • Darren Eady
    Rental Property Investor · Lindon, UT · Member since 2015 · 862 posts · 438 votes
    10y

    @Sean Richway

    Those numbers are ridiculous!

    @Wade Goodwin

    I would take Sean up on that offer before all of his money is gone!  Sounds too good to be true?  Usually is. Let us know how it goes. 

    0Reply
  • Reginald TrussPro Member
    Lender · Toledo, OH · Member since 2015 · 1k+ posts · 96 votes
    10y

    Wade, 

    Greetings!I am a Direct Private Lender providing competitive financing for you and your client's Investment Real Estate projects. I wanted to reach out and introduce myself as an alternative financing source to help leverage your deals and save some transactions. Here are some highlights of what we have to offer:

    Hope to hear from you.
    reggie truss
    [email protected]
    • CLOSE in 3 DAYS!
    • Receive a quote within 1 hour!
    • Flexible rates that will make your deal work
    • Asset based lender
    • Up to 85% of the purchase + 100% of the rehab
    • Only a 1 page loan app needed to start
    0Reply
  • Sean RichwayBusiness Member
    Lender · Chevy Chase, MD · Member since 2015 · 1k+ posts · 136 votes
    10y

    @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.

    Infinity Capital Finance4.48 Reviews
    WebsiteView Page
    1Reply
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