GOLD LENDER
Parallel Lending is a direct private lender in Texas that provides residential renovation and ground up construction loans to real estate developers and investors. These business-purposed short-term loans are for the development of single and multi-family residential properties.
Parallel Lending provides Fix & Flip | New Construction | Bridge & Rental Loans.
Parallel Lending also has a flagship fund, Parallel Fund I, that allows accredited investors (doctors, lawyers, entrepreneur’s, and busy professionals) the opportunity to build wealth through a consistent, diversified, and passive investment in loans secured by real estate.
Parallel Fund I’s offers target returns of 10% – 11.5% IRR. Whether you’re a borrower or an investors, we want to run parallel with your goals!
Parallel Lending funds fix and flip and new construction projects that draw down as work progresses, but it does not publish how its draw process works. There is no stated draw request method, inspection type (physical or virtual), per-draw turnaround, or reimbursement schedule on its site. What Parallel does publish is a fast close, quoting 5 to 10 days, on first-lien, interest-only loans up to 90% LTC. Because Parallel lends only to investors with at least three prior projects, its draw process is geared toward experienced builders and rehabbers who can front stages of work. Since the draw mechanics are not documented, investors on a defined schedule should confirm the draw request steps, inspection requirements, and funding turnaround directly with Parallel before closing. Its Texas-only focus means borrowers work with a local lender across the state.
Parallel Lending, LLC is a private lender serving real estate investors throughout Texas, offering new construction, fix and flip, bridge, and transactional loans on a first-lien, interest-only basis.
• Leverage: up to 90% loan to cost (LTC) and up to 70% loan to value (LTV).
• Fix and flip and new construction loans for experienced investors (three prior renovation or construction projects).
• Bridge and transactional funding for quick acquisitions and back-to-back deals.
• Closings in 5 to 10 days, with a 650 minimum credit score and six months of interest liquidity required after closing.
• As a Texas-only lender, Parallel works directly with in-state investors and funds first-lien loans on an interest-only basis.
Parallel Lending, LLC is a private lender based in Texas, serving real estate investors throughout the state with new construction, fix and flip, bridge, and transactional loans for real estate investment purposes.
