Services
Private money loans are a type of asset-basedfinancing used to purchase or refinance investment real estate that may notmeet conventional underwriting criteria. These loans are secured by realproperty, offering borrowers speed, higher leverage, and greater flexibility. AtFastTrack Funding, we prioritize building strong relationships with real estateinvestors by providing reliable and tailored financing solutions.
FastTrack Funding is a direct lender specializing in fix-and-flip, new construction, and rental loans for builders and investors. By handling our own underwriting and funding loans directly, we eliminate third-party brokers, ensuring a streamlined process and minimizing costs for our clients.
Private money lenders offer faster approval and funding compared to traditional banks, requiring less documentation. These loans are asset-based, using the value of the real estate as collateral rather than relying heavily on the borrower's credit or income. With higher leverage than conventional loans, private money financing allows borrowers to reduce their reliance on personal or outside investor capital.
We cater to all types of investors—from newcomers to seasoned professionals—whether you're acquiring rental properties or flipping homes. Our solutions are ideal for anyone seeking to leverage financing and minimize their upfront investment.
The pre-approval letter outlines the required documentation for your loan request, similar to what a bank would require during the initial stages. At FastTrack Funding, we take a common-sense approach to underwriting, evaluating each borrower's experience and capacity while advocating on their behalf. Our flexible documentation requirements are designed to help investors achieve their unique investment goals.
Prepayment penalties are typically not applied to loans.
Yes, at a minimum, the property will be inspected by a real estate appraiser as part of the process. Additionally, inspections are conducted during each draw phase.
Yes, all properties must have title, hazard, and flood insurance coverage.
