Frequently Asked Questions What is Private Lending? A private money lender uses asset-based lending, meaning the decision making revolves more around the property and less about the borrower as compared to traditional bank mortgages. We are focused on whether the borrower’s project is profitable for the borrower as we want to help you be successful. What is the duration of the loan? We will work with you to determine the right timing; typically, our loans are for up to one year. What are the interest rates and fees? Our loans are asset-based and our decisions are logic-based. That means we base our decisions about funding and rates on the perceived risk associated with the property. If you have a property under contract, submit it. Our rates are competitive in the private money market but we save our best rates for our best clients. Get started today to become one of those repeat, best clients! Please see our Fix and Flip Loans or Bridge Loans pages for more information. What is the approval process and timelines? Timely, it’s one of our core values. For our repeat borrowers, we can vet the deal in a matter of days. For our new borrowers, it’ll take a little longer, less if we work together to be pre-approved. Do I need a good credit score to qualify? To show how well you pay other lenders back, we will do a credit check and are looking for a 620+ score. What are the repayment terms? Interest-only payments are due on the first of the month. You are free to repay the full loan at any time without penalties – just give us a call! How do rehab draws work? We pay in arrears. We just require video evidence of the work completed and will be able to get your funds to you within 24 hours. Can I extend the loan term if needed? Yes! Please see more info on our Loan Programs: Fix and Flip Loans or Bridge Loans for more information. What areas do you serve? Primarily serving these counties in the Dallas-Fort Worth Metroplex: Collin County Dallas County Denton County Ellis County Hood County Hunt County Johnson County Kaufman County Parker County Rockwall County Somervell County Tarrant County Wise County Take a look where these counties are on a map.