G.O.A.T. Funding Group Is Your Source For Asset Based Lending And Hard Money
Searched and found a GREAT deal but unsure of how to add it to your portfolio? G.O.A.T. Funding Group is your NUMBER ONE source for quick closes and the best rates available in the market. Our team is dedicated to work with you throughout the entirety of the process to ensure that your funding is smooth, transparent and easy.
THE NEXT BIG THING IN ASSET BASED LENDING
OUR PROPERTY & LENDING CRITERIA
G.O.A.T. Funding Group is the most competitive asset based lender in the industry. Our rates, transparency of process and ease of funding ease sets us apart from the rest of the competition. Scroll below for updated rates and terms.
>> PURPOSES & TYPES:
Our loans are based on the after repaired value of the property and include both the purchase and renovation. This can include the acquisition and rehab, bridge to refinance and cash-out refinance.
>> LOAN MINIMUM:
$80,000 in primary markets, call for lending terms on secondary markets.
6 month loan with a 3 month optional extension; 1 point plus 1% increase in interest rate.
>> INTEREST RATE:
>> LENDER POINTS:
3%, 1% paid at loan origination; 2% at the end of the 6 month term.
Up to 100% of purchase and rehab.
70% of ARV and up to 75% on a case by case basis.
>> PROCESSING FEES
$1695. Includes initial inspection fee, processing fee, appraisal, and doc prep fees.
>> PROPERTY TYPES:
Single-family, 1-4 unit residential, Non-Owner occupied investment property only.
We are a true asset based lender – however limited financial information is required. (Personal guarantees are required for all corporate acquisitions)
Standard closing times apply upon receiving completed eligible loan docs, which includes clear title and a completed appraisal. Expedited fundings are available on a case by case basis, additional fees apply.
>> BORROWER REQUIREMENTS:
1003 Application and tax returns; must be able to verify the ability to make the monthly payments and carry the project. No recent foreclosure and/or bankruptcy activity.
Borrower must demonstrate the ability to professionally execute the rehab of the project.
(Market evaluation/CMA's, scope of work and repairs, and current photos of project will be necessary to evalute).
>> ADDITIONAL REQUIREMENTS:
FIRST lien position only
Appraisal and inspections must be ordered by G.O.A.T. Funding Group
G.O.A.T. Funding Group shall be named as the mortgagee
Property locations should be in or around major or secondary markets in and around Dallas / Ft. Worth
Owner and Mortgagee title policies required
G.O.A.T. Funding Group reserves the right to adjust loan requirements based on the criteria of the deal
>> NO PREPAYMENT PENALTY
PROCESS & REQUIREMENTS
A Quick Breakdown Of How It Works
Apply online...it's 100% FREE
Upload all required documentation
Preliminary loan term approval
Construction budget and scope of work review and finalized
Prepayment of appraisals & other costs associated with underwriting
Final term sheet approval
Title commitment ordered
Property insurance issued
Resolve any title issues
CLOSING & FUNDING approval
Don't Just Take Our Word For It...
“G.O.A.T. FUNDING GROUP MADE IT SO EASY FOR ME TO CLOSE ON THIS DEAL. I AM LOOKING AT A $65K PROFIT ON THIS PROJECT, THAT WOULDN'T HAVE BEEN POSSIBLE IF IT WASN'T FOR THE CREW AT G.O.A.T TO HELP ME MAKE IT HAPPEN!"
SALLY R. / INVESTOR / DFW AREA
"I WAS ABLE TO CLOSE ON A PACKAGE OF 7 DOORS, 2 DUPLEXES AND 3 SINGLE FAMILIES...THIS PUT MY TOTAL PORTFOLIO TO 15 AND I OWE IT ALL TO G.O.A.T. FUNDING. GRATEFUL FOR THEIR EASY & SMOOTH PROCESSES...LOOKING FOR MY NEXT ONE ALREADY!"
DUANE H. / GENERAL CONTRACTOR / HOUSTON