Oklahoma Lenders Hard Money – Best OKC Loans and Lender
Suppose you’re looking to invest in a property in OKC, Oklahoma, and have no idea where to begin.
The search should start for hard money lenders OKC, and this should start with us!
DFW Hard Money lender can help in OK and Oklahoma City
Hard Money Oklahoma is what we do!
In that case, this hard money lending guide is for you. Whether OKC is a new market for you or you’ve invested in OKC before – we outline what you need to know to get the hard money loan.
As hard money lenders, we want to help you turn a profit quickly with your next real estate project.
Oklahoma Hard Money Lender – Investment Property Loans.
There’s no doubt that the state has the right mix for rapid economic growth and long-term prosperity.
What makes OKC and Oklahoma that much more remarkable? It is the fact that it continues to thrive during challenging economic times and the COVID-19 pandemic.
Where other cities have faltered, Oklahoma City, Oklahoma has been resilient, making it an excellent investment for today and the future.
When Should You Use Hard Money Loan Program and Funds?
Low, competitive rates (interest rate) and the ability to close quickly are two reasons to use hard money loans.
Use it to rehab your investment property, Turn it around and sell it for a profit or put it up for rent.
Your goal as a real estate investor is firstly to purchase the investment asset. Then do what you need to do quickly to get the greatest return on your investment. This may require the help of hard money specialists like ourselves.
Here are the top four investment strategies for hard money Oklahoma City & Oklahoma
1 – Fix and Flip:
The real estate strategy of buying a property that needs repair, renovating it, and then selling at a profit has been widespread. There was an unprecedented real estate market in 2020, and now 2021, it is no different.
Limited inventory and high demand have made this strategy profitable for investors. Those that can identify a home at a discount because of its condition, yet find it located in a growing area like Oklahoma City, will have the advantage.
Putting in just the right amount of rehab and bringing the house out of disrepair usually involves improving aesthetics and bringing kitchens and bathrooms up to date.
The investor aims to fix the property quickly and return it to the market for a sizable profit (flip it). So now you know where the term fix and flip originate from.
2 – Commercial:
Commercial properties & commercial real estate include warehouses, medical offices, corporate offices, manufacturing facilities, restaurants, retail strip centers, and more. These properties may be new, from the ground-up construction, renovations, or change of use play for resale or long-term hold.
A Traditional Bank and money lenders in Oklahoma City often have long and tedious processes to approve a commercial hard money loan to an investor. Financing this way when real estate investing is not always to the borrower’s advantage when appraising a real estate investment.
All sorts of issues can be raised – bad credit, personal loan credit score problems, and minimum credit score, being a few.
Previous loan issues are often cited – bad credit loan, payday loan, commercial loans, conventional loan, bridge loan, construction loan, installment loan, FHA loans short term loan or a home loan for a cash advance.
This is before they look into any mortgage issues and mortgage rates (i.e., mortgage banker & credit union issues).
3 – Transactional Funding:
Transactional funding can apply to residential, commercial, farm and ranch, or other facets of a real estate asset. One of the roles of transactional funding allows the buyer to quick-turn the property to another buyer.
In this case, DFW Hard Money loans provide funds for the buyers to close while waiting for their buyer’s funds to come through.
4 – Land Development:
Land development projects refer to altering the landscape for a commercial or residential property asset.
For example, a residential lot development to sell to builders or a commercial lot development used for a specific or mixed-use. It can be challenging to find financing for land development, and they require a great deal of detailed knowledge and, in turn, cost.
Are you wondering how much of a loan you will need? And what your overall costs will be? Seeking out the best hard money lender in OKC/Oklahoma City would be a good start!
Here are great tips for calculating for a hard money interest-only loan that includes an overview of these loans—the benefits of interest-only loans, and what’s due when.
Hard Money in Oklahoma – What To Expect?
What Does The Loan Process Look Like In OK?
Getting a hard money loan quickly from a private lender (trustworthy and experienced) is the number one way investors are successful. Hardmoney lenders Oklahoma City & State is a box we tick.
The challenge is, that it is not always easy to do.
This is because many of the money lenders & real estate investors in Oklahoma City OK are not transparent and have hidden fees.
You want to find an established lender who has an easy loan process. You also want someone experienced in providing real estate investors with what they need – loans to purchase or renovate non-owner-occupied residential, fix and flip projects or commercial real estate properties.
They will also offer you advice and help you navigate the unique challenges that can arise. In the end, your deal will go much more smoothly and will be stress-free.
The DFW Hard Money team makes the loan process easy with free applications, same-day approval, and 24-hour closings.
To get started, all you have to do is complete a simple private money loan application with your financial information. It should take you no more than five to 10 minutes to complete.
When all of the required documents are completed, the approval process can take as little as one day. So you can react to a great investment property quickly and not lose an excellent opportunity.
What Sheet Lending Terms and Fees Should You Expect?
It’s critical to find the best rate, but that’s not always easy as a lender may try to hide fees.
At first glance, the ‘best rate’ is not always the best rate when all is said and done.
That’s why we suggest investors do their due diligence and select competitive rates from a transparent lender—one with experience and a proven record.
Hard Money Loans Oklahoma & Oklahoma City – Our requirements are unambiguous and can be found on DFW Hard Money’s loan terms page.
They include an $850 fee for closing costs. Only non-owner occupant loans (individuals and corporations allowed). A personal guarantee, and for the lender to be in the first position.
Loan Term – What To Expect:
Many terms are essential to know, including after-repair value, or ARV, of a piece of real estate when deciding whether a deal is worth pursuing.
The ARV estimates what the property will be worth after all the needed repairs, renovations, and upgrades have been done.
For an explanation of all sheet lending terms, including ARV, loan amount, purchase price, loan to value (LTV), and more, check out our 3-minute Explaining a Term Sheet video.
It will walk you through everything you need to know and understand as an investor in the real estate market.
Hard Money Loans Oklahoma City OK –
Real Estate Loans and Closing Time:
Because closing quickly is vital so you can start your real estate investment with its next phase.
You want to ensure the hard money lender you are working with has testimonials from previous clients that show they are easy to work with and can be trusted.
They should also have proven examples of where they have closed in as little as 24 hours; or as soon as the property title is clear.
About DFW Hard Money:
Lenders of Hard Money in Oklahoma City OK
With over 20 years of real estate & real estate loan experience, DFW has helped many investors succeed with hard money loans or private money.
We’re a private money lender serving real estate investors who are flipping houses or other fix and flip opportunities and need funds for commercial property investments, construction loans, transactional funding, developments, and more.
Hard Money Lender OKC – We are a trusted direct hard money lender who is here to help!
As the direct lender & real estate investors, we lend hard money using a simple 5 Step Process.
We operate in the following areas:
DFW, Denver and Colorado, Birmingham and Alabama, Tampa and Florida, Atlanta and Georgia, Kansas and Missouri, OKC and Oklahoma, Charlotte NC, Raleigh NC, Nashville and Tennessee, and Texas (Dallas, Fort Worth, Houston, Austin, San Antonio
Learn more about DFW Hard Money, call (817) 200-7575, or complete a no-obligation application today.
We’re happy to supply you with references and testimonials from the many real estate investors we’ve helped over the years.
If you need further help locating money lenders in Oklahoma for real estate investing then please just give us a call with any real estate investment needs you have. With a private lender in control of its private money comes much greater freedom with Oklahoma hard money decisions.
Any residential real estate or real estate projects or investment properties requiring construction loans, even if it is a ground up construction will be considered.
We provide short term private lending for all manner of investment properties.