FasterFunds Lending

We Make Hard Money Lending in St. Louis Faster and Easier for Real Estate Investors

Fix & Flip

Virtual Inspections allowed on:Fix & Flip

Loan Close Time: < 24 hours

Overview

We’re not your average hard money lender. We’re real estate investors, just like you and we built FasterFunds Lending to serve the St. Louis investing community with strong relationships, providing fast funding and friendly customer service.

FasterFunds Lending was founded in 2015 by Bryan Schroeder and Suzanne Luther. Together, they bring over 30 years of real estate investing experience. From the start, our business has been built on quality relationships with local investors in the St. Louis area. Because our team lives and works in St. Louis, we understand the market inside and out. That local insight allows us to serve our borrowers with confidence.

Since 2015, we’ve funded more than 1,600 loans totaling over $220 million. Unlike many lenders, we walk every property in person, giving us the opportunity to meet you face-to-face, talk through the deal and make sure your plan/ numbers make sense.

Draw & Construction Process

FasterFunds uses an in-house disbursing system via the Sitewire app. Borrowers download the app, submit draw requests by entering dollar amounts per category and uploading photos/videos of completed work. Lien waivers and invoices are only required for work over $5,000; W9s are needed only when paying a contractor directly over $10,000. Draws are reviewed and checks cut within 1–3 business days of a complete submission.

Best For

Loan Programs

Our hard money lending program is a short term business loan for rehabbers and landlords. Our program is specifically looking for 3 types of borrowers.

First are rehabbers. There are two types of rehab borrowers we look for. The first is someone who does the work themself and then sells the house on the retail market. The second is someone who acts as general contractor and funds the rehab themself while having a full time job.
Second are wholesalers who can’t shop a property before closing on the property or will make more if they close on the house, clean it up and list it on the MLS.
Third are landlords who are looking to buy a house at a discount, fix the house up and refinance the house out with a long term lender. If landlord borrowers go this route, they don’t have to put 20% down like they would with a traditional lender as long as they buy a house at a discount.

Resources

Legal / Disclosures

No NMLS number, licensing disclosures, or formal terms/privacy policy is prominently displayed. The only consent language on the site notes that by submitting contact info, users agree to receive calls or texts, with standard carrier disclaimers. Loans are for non-owner-occupied properties only. Lending is limited to the St. Louis metro area (Missouri side).