Speed is everything in real estate investing. When a deal lands in your lap in Dallas-Fort Worth, you don’t have the luxury of waiting three weeks for a bank to schedule an appraisal review. At HiFi Hard Money, we’ve built our entire process around one priority: getting you funded before the opportunity walks out the door.
What “Fast Closing” Actually Means for Fix and Flip Investors
We hear the phrase “fast closing” from a lot of lenders. What it means in practice varies widely, and that gap between marketing language and reality is exactly where deals fall apart. At HiFi, we’re specific about our timelines because we believe you deserve to plan around real numbers, not vague promises.
How Long Does It Take to Close a Fix and Flip Loan With HiFi?
For new investors working with us for the first time, we typically target five business days from application to funding. If you’ve worked with us before and you’re coming back through our Express Lane, we can move as fast as three business days. That difference matters when you’re competing against cash buyers or trying to lock in a contract before another investor does.
Those timelines are possible because we’ve stripped away the friction that slows most lenders down. There are no administrative fees, no underwriting fees, and no unnecessary layers of approval. We review projects quickly, communicate directly, and our clients have cell access to our team, so nothing sits in an email queue waiting to be seen.
What Loan Terms Can You Expect?
We lend on non-owner-occupied single-family homes across major Texas markets, including Dallas-Fort Worth, San Antonio, Austin, and Houston. Our fix and flip loans go up to 75% of the after-repaired value, and we typically work within a 65 to 75% LTV range, depending on the project. That flexibility lets us structure deals that reflect the real numbers on your specific property rather than forcing every loan into the same box.
One thing that sets our program apart is how we handle fees. Points, third-party fees, your first month’s prorated interest, wire fees, and inspection fees are all deferred until you sell the property. The appraisal cost is exactly what we pay. The doc prep cost is exactly what we pay. We don’t mark anything up, and we don’t tack on administrative or underwriting charges. What you see is what it costs.
How Does the Draw Process Work?
Once you’re funded and your rehab is underway, accessing your renovation draws shouldn’t slow the project down. We work with a simple one-page scope of work format, and most drawings come back the same day or the next day. We typically conduct one physical inspection at around 40 to 50 percent project completion. Outside of that checkpoint, photos and videos are sufficient.
What Types of Properties Does HiFi Finance?
Our primary focus is single-family homes in major Texas markets. Condos are not eligible. Small multifamily properties are a possibility in certain situations, though they’re the exception rather than the rule given current market conditions. If you’re unsure whether your target property fits, reach out, and we’ll give you a straight answer upfront rather than stringing you along through the process.
FAQs
How fast can a new investor close with HiFi Hard Money?
We target five business days for investors working with us for the first time. Returning investors using our Express Lane can close in as few as three business days.
What is the maximum LTV on a fix-and-flip loan?
We lend up to 75% of the after-repaired value. Depending on the deal, we typically work within a 65 to 75% ARV range.
Does HiFi charge upfront fees?
No. We defer points, third-party fees, your first month’s prorated interest, and wire and inspection fees until you sell the property. We do not charge administrative or underwriting fees.
Where does HiFi Hard Money lend in Texas?
We focus on major Texas markets including Dallas-Fort Worth, San Antonio, Austin, and Houston. We specialize in non-owner-occupied single-family homes in those areas.
