Frequently asked questions

What is hard money?

Hard money loans or bridge financing are a way for real estate investments to be purchased that are not according to traditional standards of underwriting. These funds are made available for investment typically through private investors that utilize their capital, lend it on an asset backed investment for a return.

Does using hard money have advantages?

The conveniences of using hard money to fund a deal range from ease and speed of funding to not being as cumbersome as traditional bank financing. There is far less documentation needed because the value of the asset is more important than the borrowers credit and income.

What is the purpose of using hard money loans?

The reason an investor would use a hard money loan varies from: Bridge loans for speed of closing when time sensitive issues are a factor; For refinancing and pulling out capital in order to fund the next deal; Fix and flipping a property in order to close on it, rehab and then sell it; Construction loans to purchase materials and pay for the renovation necessary to rehab the property.

What factors go into choosing a hard money lender?

When looking at a hard money lender partner, you need to ensure that your lender has experience in this business. Your lending partner needs to understand how to strucutre deals and help with the best exit strategy. Ensure that your lender has the resources necessary from title partners, attorneys and capital to close on time. Your lending partner should have a reputation of honesty and integrity first, and a proven track record of results.

What types of property will G.O.A.T Funding Group lend on?

G.O.A.T. Funding Group will lend on non-owner occupied single family (1-4 units), condos & townhomes.

Where will G.O.A.T. Funding Group loan hard money?

Major markets of Texas including DFW, Houston, Austin & San Antonio. Contact us if your property is located in a secondary or tertiary market.

Does G.O.A.T. Funding Group require a certain credit score?

G.O.A.T. Funding Group does not take into account a borrowers credit score for approval, however it can affect interest rate and loan structure.

Will G.O.A.T Funding Group lend to self-employed borrowers?

Yes. G.O.A.T Funding Group will loans to investor who are full-time in the business as well as others who are seeking to supplement their income by growing their real estate portfolio.

Can LLC's and other entities borrow from G.O.A.T. Funding Group?

Almost all types of legal entities can get a loan, however the principals of the company will have to personally guarantee the loan.

Will G.O.A.T. Funding Group loan to foreign individuals or entities?

In most cases this can be accomadated. Contact us for details.

Is there a minimum loan amount?

  • $80,000 in primary markets
  • $75,000 in secondary markets.

How do I apply?

Apply now and someone will get back with you within the same business day.

Does G.O.A.T Funding Group provide prequalification letters?

Click here for a pre-qualification letter.

Is there a fee to apply?

Once submitted, a preliminary terms sheet will be sent to you. Once term sheet is signed and approved, we will order the appraisal and you will be responsible for payment directly to the appraiser.

Does G.O.A.T. Funding Group require an appraisal?

An appraisal is necessary to properly evaluate the property subject to the rehab or scope of work.

How long does closing take?

Once all necessary documents have been submitted (application, clear title and appraisal) we can close quickly as one day. On average, the process can take about 2 weeks from start to finish.

What are the necessary documents?

  • Online loan application
  • Executed purchase contract
  • Construction budget and scope of work
  • Formation documents and an operating agreement for the entity if borrowing through an entity;
  • Two years tax returns
  • Other limited information specific to your transaction

What are the loan terms?

Our loans are 9 month terms with available extensions upon approval. Rates are 10%, 3%, 2% paid at closing and 1% deferred to the end. Processing fees are $1650. Includes initial inspection fee, processing fee, Appraisal, and doc prep fees.

How do inspections work?

The property will be inspected by the appraiser during the appraisal process and during the course of the project.

How do I make my monthly payments?

Interest only payments plus the tax escrow payment is automatically debited via ACH withdrawal.

How will I get construction draws?

Once requested, we will inspect the property to determine the amount of work completed. Upon reciept of the inspection report draw requests are processed and funds become available via check, ACH or wire. Expect 3-5 business days from request to funding.

Will you issue an extension?

Our 9 month loan program can be extended upon request subject to pay history.

Will you provide a payoff statement?

Send us an email at for a payoff statement.