Hard Money Lenders Oklahoma – Best Private OKC Hard Money 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 in OKC, and this should start with us!
Need Lending help in OK and Oklahoma City?
Need funds for a Real Estate Project?
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.
Undoubtedly, 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 Programs 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, 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 4 investment strategies for
hard money real estate projects in Oklahoma City & Oklahoma
1 – Fix and Flip Properties.
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.
Traditional banks 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 is to 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 involve 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 Do The Loan Process & Rates 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 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. Ultimately, your deal will go much more smoothly and be stress-free.
Our team makes the loan process easy with free applications, same-day approval, and 24-hour closings.
To get started, any borrowers must complete a simple private money loan application with their financial information. It should take you no more than five to 10 minutes to complete.
The approval process can take as little as one day when all required documents are completed. 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?
For borrowers, finding the best rate is critical, 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. Not all loan products are equal!
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 for the lender to be in the first position.
Loan Term – What To Expect:
Many terms are essential to know, including the after-repair value, or ARV, of a piece of real estate when deciding whether a deal is worth pursuing.
The ARV estimates the property’s worth after all the needed repairs, renovations, and upgrades.
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.
Hard Money Lenders
Trusted & Established
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 here to help!
As the direct lender & real estate investors, we lend hard money using a simple 5 Step Process.
Somewhere else in the US – See this page for all the areas we operate in as private money lenders.
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 to locate money lenders in Oklahoma (or any midwest city, for that matter) for real estate investing, then please give us a call with any real estate investment needs you have.
With a private lender controlling its Oklahoma private money lending comes much greater freedom with Oklahoma’s hard money decisions.
All Borrowers & Real Estate Investors Considered!
Any residential real estate, real estate projects, or investment properties requiring construction loans, even ground-up construction, will be considered.
We provide short-term private lending for all manner of investment properties.
Hard money lenders you can trust with your real estate investment – residential real estate or other real estate projects.
Useful Real Estate Facts & Figures:
Discover important facts and figures about the real estate market in Oklahoma.
- The median home price in Oklahoma is $175,000, which is lower than the national median of $375,000.
- The average home value in Oklahoma has increased by 10% in the past year.
- The inventory of homes for sale in Oklahoma is low, with only 1.5 months of supply.
- The demand for homes in Oklahoma is high, with 62% of homes selling above the asking price.
- The most popular cities for home buyers in Oklahoma are Oklahoma City, Tulsa, and Edmond.
- The most affordable cities for home buyers in Oklahoma are Lawton, Enid, and Muskogee.
The Oklahoma real estate market is currently thriving with strong indicators such as rising home prices, low inventory, and high demand. This presents a favorable opportunity for those looking to purchase a home in Oklahoma.
Here are some additional details about the real estate market in Oklahoma:
- The median home price in Oklahoma City is $200,000.
- The median home price in Tulsa is $150,000.
- The median home price in Edmond is $250,000.
- The median home price in Lawton is $100,000.
- The median home price in Enid is $125,000.
- The median home price in Muskogee is $110,000.
A List of the Past 12 Months of Construction Projects & The Coming 12 Months:
These are a few significant construction projects that have taken place in Oklahoma in the past year:
- The I-40 Crosstown Expressway in Oklahoma City was completed.
- The I-44 and US-75 interchange in Tulsa was widened.
- The I-35 corridor in Oklahoma City and Tulsa was resurfaced.
- The US-69/75 Commerce Connection in Bryan County was completed.
- The I-35 widening at Thackerville was completed.
- The I-35 Resurfacing between I-44 and I-40 was completed.
- The US-77 and SH-66 Resurfacing in Edmond were completed.
- Roundabouts were constructed in Oklahoma City, Tulsa, and Edmond.
These are some significant construction projects planned in Oklahoma over the coming 12 months:
- The I-40 and SH-6 Diverging Diamond Interchange in Oklahoma City will be completed.
- The I-40 and Choctaw Road Interchange in Oklahoma City will be widened.
- The I-35 and SH-74 South Interchange in Goldsby will be completed.
- The I-44 and SH-152 Projects in southwest Oklahoma City will be completed.
- The I-40 Bridge over the Canadian River in El Reno will be replaced.
- The I-40 Bridge over the Arkansas River in Tulsa will be replaced.
- The US-69 Bridge over the Arkansas River in Muskogee will be replaced.
- The US-69/75 Bridge over the Arkansas River in Fort Smith, Arkansas, will be replaced.
Here are the major real estate projects currently underway:
Mid-Continent Airport Expansion
The Mid-Continent Airport is located in Oklahoma City. The airport is currently undergoing a major expansion, which will add a new terminal, a new runway, and a new cargo facility. The expansion is expected to be completed in 2026.
- Chisholm Creek Development
The Chisholm Creek Development is a 1,300-acre mixed-use development located in downtown Oklahoma City. The development will include a new arena, a hotel, a convention center, and a variety of residential and retail spaces. The development is expected to be completed in 2025.
- Frontier City Theme Park Expansion
Frontier City is a 135-acre amusement park located in Oklahoma City. The park is currently undergoing a major expansion, which will add a new water park, a new roller coaster, and a new children’s area. The expansion is expected to be completed in 2024.
- Oklahoma City University Health Sciences Center
The Oklahoma City University Health Sciences Center is a new medical school and research facility located in downtown Oklahoma City. The center is expected to create over 1,000 new jobs and generate over $1 billion in economic impact.
- University of Oklahoma Health Sciences Center
The University of Oklahoma Health Sciences Center is a new medical school and research facility located in Tulsa, Oklahoma. The center is expected to create over 1,000 new jobs and generate over $1 billion in economic impact.
The state is experiencing a boom in construction, and this is expected to continue in the coming years.[Source – GoogleBard – Apr 23]
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