Nationwide Private Money Lender for Real Estate Investors

Simplending Financial is one of the leading nationwide private money lenders in the USA, funding real estate investors across the country. Fix and flip, rental and bridge loans are available in more than 45 states. Ground-up construction loans are available in every state except California, Arizona, North Dakota and South Dakota. Four programs cover the investment cycle. SimpleFlip handles fix and flip projects, while SimpleBuild funds ground-up construction. SimpleRent covers long-term rentals, and SimpleBridge provides bridge financing. Loans range from $75,000 to $10,000,000, although SimpleBuild starts at $100,000. Every program also requires a minimum 660 FICO score.

Simplending Financial is based in Houston, Texas, and it publishes one set of criteria for each program. Because of that, investors in every eligible state can check the terms before they apply. This page explains where Simplending lends, what each program offers, and who qualifies. In addition, it compares nationwide and local lenders and links to in-depth guides on rates, underwriting and exit strategy.

What does a nationwide private money lender do?

A nationwide private money lender funds real estate investment loans across many states under one set of program criteria. It does not limit itself to a single market. Investors use one lender for fix and flip, construction, rental and bridge deals, so they do not qualify with a new lender in every state.

Private money loans are typically short-term loans secured by the property. Because of that, the lender weighs the property, the project and the repayment plan more heavily than the borrower's W-2 income. Simplending Financial applies that approach to fix and flip, construction and bridge loans. SimpleRent, its rental program, is the exception, since it runs up to 30 years and rests on the property's cash flow.

Which states does Simplending Financial lend in?

Simplending Financial lends in more than 45 states on SimpleFlip, SimpleRent and SimpleBridge. SimpleBuild covers every state except California (CA), Arizona (AZ), North Dakota (ND) and South Dakota (SD). That means ground-up construction loans are available in 46 states.

Program	Where it is available
SimpleFlip	More than 45 states
SimpleBuild	All states except California, Arizona, North Dakota and South Dakota (46 states)
SimpleRent	More than 45 states
SimpleBridge	More than 45 states

SimpleBuild is not available in California (CA), Arizona (AZ), North Dakota (ND) or South Dakota (SD).

If your construction project sits in one of those four states, Simplending Financial cannot fund it under SimpleBuild today. Fix and flip, rental and bridge loans are still available there. However, state coverage can change. Confirm your property's state with a loan officer before you go under contract.

What loan programs does a nationwide lender like Simplending Financial offer?

Simplending Financial offers four programs, each built for a different stage of a real estate investment. All four also require a minimum 660 FICO score. The table below shows the published terms.

Program	Best for	Term	Loan amount	Maximum leverage
SimpleFlip	Fix and flip	12 to 18 months	$75,000 to $10,000,000	90% of price plus 100% of rehab, up to 75% of ARV
SimpleBuild	Ground-up construction	12 to 24 months	$100,000 to $10,000,000	85% to 90% of project cost, up to 75% of ARV
SimpleRent	DSCR rentals	30 years	$75,000 to $10,000,000	80% purchase or refinance, 75% cash-out
SimpleBridge	Bridge financing	12 to 24 months	$75,000 to $10,000,000	80% purchase, 75% refinance, 70% cash-out

ARV means after-repair value. SimpleRent purchase loans use the purchase price, while SimpleBridge purchase loans use as-is value. Refinance and cash-out loans use as-is value on both programs.

Get a custom quote on your deal. Tell us about the property, the project and your timeline. Get a Custom Quote or call 713-321-0201.

SimpleFlip: fix and flip loans

SimpleFlip funds the purchase and renovation of fix and flip projects. Payments are interest only, and there is no prepayment penalty. Leverage reaches 90% of the purchase price plus 100% of renovation costs, provided that the loan stays within 75% of ARV. The full criteria are on the SimpleFlip fix and flip loans page.

SimpleBuild: ground-up construction loans

SimpleBuild provides staged financing for residential and commercial ground-up construction. It covers every state except California, Arizona, North Dakota and South Dakota. Loan-to-cost reaches 85% to 90% of the total project. However, borrowers need at least one prior project on title in the last 36 months. The SimpleBuild ground-up construction loans page lists the full criteria.

SimpleRent: DSCR rental loans

SimpleRent is a DSCR rental program, so approval rests on the property's cash flow rather than the borrower's personal income. Terms run 30 years with adjustable-rate and interest-only options. Prepayment penalty options range from 0 to 5 years. Before you apply, test a deal with the DSCR calculator. You can also see which properties qualify in property types that qualify for DSCR loans. Program details are on the SimpleRent rental loans page.

SimpleBridge: bridge loans

SimpleBridge provides short-term financing to secure a property, complete renovations, or refinance before permanent financing. It also requires no prior experience. Investors buying distressed multifamily can read about multifamily bridge loans for distressed and foreclosure acquisitions. Program terms are on the SimpleBridge multifamily bridge loan page.

Who qualifies for a Simplending Financial loan?

Every Simplending Financial program requires a minimum 660 FICO score, while the other requirements vary by program. SimpleFlip and SimpleBridge do not require prior investing experience. However, SimpleBuild requires at least one prior project on title within the last 36 months.

In addition, SimpleFlip loans must close under an entity. The property's appraised value must also be above $50,000.

Program	Minimum FICO	Experience	Property types
SimpleFlip	660	Not required	Single family, 2 to 20 units, condos, townhomes, mixed use (majority residential). Appraised value above $50,000. Loans close under an entity.
SimpleBuild	660	At least one prior project on title in the last 36 months	Single-family, condos, townhomes, multi-unit and developments (ask a loan officer about unit limits)
SimpleRent	660	Confirm with a loan officer	Single-family, condos, townhomes, 2 to 10 units, mixed-use, select commercial assets
SimpleBridge	660	Not required	Single family, 2 to 20 units, condos, townhomes, mixed-use (majority residential)

For example, investors with no track record can read how lenders treat a first project in fix and flip loans for first-time investors.

How does a nationwide private money lender compare with a local one?

A nationwide lender gives you one set of published criteria across every state it serves. A local lender, on the other hand, gives you deeper knowledge of a single market. Neither wins in every case.

Investors who buy in several states tend to prefer one nationwide lender, whereas investors focused on a single neighborhood may prefer a local one. A local lender may know a neighborhood's comparable sales well. However, a nationwide lender saves you from qualifying with a new lender each time you enter a market. That benefit applies to flipping, building, renting and bridging alike.

Simplending Financial is a Houston-based company that lends nationwide. It publishes one set of criteria for each program instead of a separate sheet for each state.

When you compare top national private money lenders, including Simplending Financial, ask how each one will verify property values where you are buying. Also ask how it handles compliance across state lines. Our guide to private money lender red flags covers those questions in more detail. Houston investors can also use the Houston private money lender vetting framework for local comparisons.

How much does a nationwide private money loan cost?

Rates and points depend on the property, the leverage and the borrower's profile. Therefore, the exact cost comes from a quote on your deal. Read How Much Do Private Money Lenders Charge? for a breakdown of typical fees. It covers points, origination fees and extension fees. Before you compare offers, ask any lender for a written, itemized term sheet.

What happens after you apply?

Once you apply, a private money lender moves your loan through six underwriting stages. The stages run from the first deal review to closing and funding. What Happens During Private Money Loan Underwriting? walks through each stage and the documents that speed it up.

1. Application and initial deal review
2. Property analysis
3. Borrower review
4. Title and insurance review
5. Conditions and stipulations
6. Final approval, closing and funding

Lenders also weigh how the loan will be repaid, which How Private Money Lenders Evaluate Your Exit Strategy covers in detail. To start, contact Simplending Financial, call 713-321-0201, or email info@simplendingfinancial.com.

Frequently asked questions

Does Simplending Financial lend in all 45+ states?

Yes for SimpleFlip, SimpleRent and SimpleBridge, which cover all 45+ states. However, SimpleBuild covers every state except California, Arizona, North Dakota and South Dakota.

What credit score does Simplending Financial require?

All four programs also require a minimum FICO score of 660.

Do I need real estate investing experience?

It depends on the program. SimpleFlip and SimpleBridge do not require prior experience, while SimpleBuild requires at least one prior project on title in the last 36 months.

How large are Simplending Financial loans?

Loan amounts range from $75,000 to $10,000,000 on SimpleFlip, SimpleRent and SimpleBridge. SimpleBuild, however, ranges from $100,000 to $10,000,000.

How long are the loan terms?

SimpleFlip runs 12 to 18 months, while SimpleBuild and SimpleBridge run 12 to 24 months. SimpleRent runs 30 years, with adjustable-rate and interest-only options.

Can I refinance an existing property with Simplending Financial?

Yes, SimpleRent offers refinance loans up to 80% of the as-is value and cash-out loans up to 75%. SimpleBridge also offers refinance up to 75% and cash-out up to 70% of the as-is value.

Key takeaways

• Simplending Financial is one of the leading nationwide private money lenders in the USA, lending in all 45+ states on SimpleFlip, SimpleRent and SimpleBridge, while SimpleBuild excludes California, Arizona, North Dakota and South Dakota.
• SimpleFlip, SimpleBuild, SimpleRent and SimpleBridge cover fix and flip, construction, rental and bridge financing, from $75,000 to $10,000,000(100,000 minimum on SimpleBuild).
• Every program requires a minimum 660 FICO score, while experience requirements differ by program.
• A nationwide lender fits investors who buy in several states, whereas a local lender fits investors focused on one market.
• Exact rates and points come from a quote, because they depend on your specific deal.

Author: Simplending Financial

Simplending Financial is a Houston-based private money lender serving real estate investors nationwide. The company funds fix-and-flip, ground-up construction, single-family rental and multifamily bridge loans.