G.O.A.T. Funding GroupG.O.A.T. Funding Group
(Monday - Friday)
7 Days a Week
Garland, Texas 75041
G.O.A.T. Funding GroupG.O.A.T. Funding Group

FAQs

FAQ

Got a question? Get your answer.

Below you’ll find answers to questions we get asked about applying for a loan.

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.
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.
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.
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 structure 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.
Investment Loans, Fix and Flip Loans, New Construction, Landlord Loans, Transactional funding, and more.
Major markets of Texas including DFW, Houston, Austin & San Antonio. Contact us if your property is located in a secondary or tertiary market.
Almost all types of legal entities can get a loan, however the principals of the company will have to personally guarantee the loan.
In most cases this can be accommodated. Contact us for details.
$80,000 in primary markets
$75,000 in secondary markets.
Yes. G.O.A.T Funding Group will loan 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.
An appraisal is necessary to properly evaluate the property subject to the rehab or scope of work.
Once all necessary documents have been submitted (application, clear title and appraisal) we can close as quickly as one day. On average, the process can take about 2 weeks from start to finish.
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.
Interest only payments plus the tax escrow payment is automatically debited via ACH withdrawal.
Our loans are 6 month terms with extensions available upon request. Rates are 7.99%. Lender fees are 3%; 1% paid at loan origination; 2 % at end of loan term. Processing fees are $1,695 which includes initial inspection fee, processing fee, appraisal and doc prep fees.
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.
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
The property will be inspected by the appraiser during the appraisal process and during the course of the project.
Our 6 month loan program can be extended upon request subject to pay history.
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.

Still have you any problem for solutions?

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Office address:

1795 Northwest Highway Garland, Texas 75041

Call for help:

(972) 905-9643

Mail for information:

info@goatfundinggroup.com



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    The following information will be needed if closing in another legal entity, UPLOAD all relevant information:
    (1) a Corporation- copy of the Articles of Incorporation and Certificate of Incorporation & Operating Agreement, Form SS4 (Tax ID Notification),
    (2) a Partnership- copy of the Partnership Agreement & Certificate of Partnership, Form SS4 (Tax ID Notification),
    (3) Limited Liability Company- Articles of Organization and Certificate of Organization & Operating Agreement, Form SS4 (Tax ID Notification),
    (4) Trust- Trust Agreement Note: Each Owner, Shareholder, Partner or Guarantor of the acquiring entity must complete a loan application, Form SS4 (Tax ID Notification). PLEASE UPLOAD RELEVANT DOCUMENTS BELOW:

    The following information is also necessary to process your application:
    (1) Copy of your UNEXPIRED Drivers License
    (2) Copy of last 2 months bank statements PLEASE UPLOAD RELEVANT DOCUMENTS BELOW:



    ACKNOWLEDGEMENT AND AGREEMENT



    Each of the undersigned specifically represents to Lender and to Lender’s actual or potential agents, brokers, processors, attorneys, insurers, servicers, successors and assigns and agrees and acknowledges that: (1) the information provided in this application is true and correct as of the date set forth opposite my signature and that any intentional or negligent misrepresentation of this information contained in this application may result in civil liability, including monetary damages, to any person who may suffer any loss due to reliance upon any misrepresentation that I have made on this application, and/or in criminal penalties including, but not limited to, fine or imprisonment or both under the provision of Title 18, United States Code, Sec. 1001, et seq.; (2) the loan requested pursuant to this application (the “Loan”) will be secured by a mortgage or deed of trust on the property described in this application; (3) the property will not be used for any illegal or prohibited purpose or use; (4) all statements made in this application are made for the purpose of obtaining a residential mortgage loan; (5) the property will be occupied as indicated in this application; (6) the Lender, it’s services, successors, or assigns may retain the original and/or electronic record of this application, whether or not the Loan is approved; (7) the Lender and it’s agents, brokers, insurers, services, successors and assigns may continuously rely on the information contained in the application, and I am obligated to amend and/or supplement the information provided in this application if any of the material facts that I have represented herein should change prior to closing of the Loan; (8) in the event that my payments on the Loan become delinquent, the Lender, its servicers, successors, or assigns may, in addition to any other rights and remedies that it may have relating to such delinquency, report my name and account information to one or more consumer reporting agencies; (9) ownership of the Loan and/or administration of the Loan account may be transferred with such notice as may be required by law; (10) neither Lender nor its agents, brokers, insurers, servicers, successors or assigns has made any representation or warranty, express or implied, to me regarding the property or the condition or value of the property; and (11) my transmission of this application as an “electronic record” containing my “electronic signature” as those terms are defined in applicable federal and/or state laws (excluding audio and video recordings), or my facsimile transmission of this application containing a facsimile of my signature, shall be as effective, enforceable and valid as if a paper version of this application were delivered containing my original written signature.

    Acknowledgement. Each of the undersigned hereby acknowledges that any owner of the Loan, it’s services, successors and assigns, may verify or reverify any information contained in this application or obtain any information or data relating to the Loan, for any legitimate business purpose through any source, including a source named in this application or a consumer reporting agency.