A loan from FixedLending typically hinges on the estimated after-repair value (ARV) of a property, as opposed to a traditional loan that relies on the asset’s current actual value (AV), which reflects its present condition. The ARV is determined by assessing the potential value of the real estate once any planned renovations are completed. These loans are ideally suited for scenarios where rapid rehab and resale are the goals. Although the interest rates for FixedLending loans are generally higher than those of standard loans, they offer quicker funding speeds. Additionally, the terms of these loans are flexible, tailored to the unique requirements of each project. In contrast, conventional loans are more suited for long-term investments, such as rental properties. Many investors leverage FixedLending for initial property acquisition, thanks to its swift approval process, and later switch to conventional loans for long-term financing.

We do not shop our loans and we work dircetly alongside our borrowers locally here in Oklahoma, and in the Dallas-Fort Worth region. This allows us to be fast, flexible, and creative to get deals done when it matters most.

The main criteria for qualification is the property itself, repairs, and the After Repair Value (ARV). Our approach prioritizes ensuring that the borrower has sufficient funds available not only for initial closing costs and associated fees but also for maintaining cash reserves or collateral. This financial preparedness is crucial for managing ongoing interest payments and potential refinancing expenses. Unlike conventional lenders, our evaluation process does not center around credit scores or the usual documentation. Instead, we focus on the borrower’s immediate financial capacity and assets to secure the loan.

We are 100% local and lend in our great state of Oklahoma and in the Dallas-Fort Worth area. We lend on residential but would be happy to look at other asset classes on a deal by deal basis.

Our lending services encompass financing for both property acquisition and repair costs, or either aspect individually. In scenarios where repair costs are combined with the purchase loan, we ensure that the total loan-to-value (LTV) ratio, based on the projected after-repair value (ARV), remains within a 65-70% threshold. The allocation for repair funds corresponds to the amount detailed in the submitted Scope of Work.To process these funds, we require the completion of a Draw Request form, which outlines the finished repairs and includes contractor invoices. Once the work is verified, within a 24-48 hour window, the funds are released. Generally, we do not provide upfront payment for repair work.

We offer short term 6 month interest only loans. Extensions are available and terms are discussed on a deal by deal basis according to the project and needs.

Yes. We require 10% down of the loan amount in most cases or at a minimum “cash to close” which would include closing costs and origination fees.

Nope! We strive to be as transparent as possible. You will never be charge to pay off your loan early.

Our stength is our small, local, expert team. We can move as fast as you can. Typically we would prefer to have up to 7 days but we can fund faster IF everything is provided and title has a cleared to close greenlight.

Fill out our 2 min Loan Application and we will jump on it right away!