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Hard money and fix and flip loans in Plano, Texas
Financing for 1970s and 1980s homes to update and higher-priced rentals in Plano.
The Plano market for investors
Plano is a major corporate center in Collin County, with large employers along the Dallas North Tollway and the Legacy area. Its east side has older homes from the 1970s and 1980s, while the west side is newer and higher-priced.
Investors update dated homes in east and central Plano for resale and hold rentals that draw corporate and professional tenants.
Areas investors ask about
- East Plano and downtown Plano: older homes near the DART rail line
- Central Plano: 1980s homes ready for updates
- West Plano and Legacy: higher-priced homes near corporate campuses
Plan for these on a Plano deal
- Investment property gets no homestead exemption, and combined property tax rates in the metroplex are often around 2% of value or more. For 2024 to 2026 the taxable value of non-homestead property worth $5 million or less can rise no more than 20% a year, but the limit resets when the property sells. Budget with full market value.
- Texas has no transfer tax and no mortgage recording tax, so closing costs are mostly title insurance, at rates set by the state, and recording and lender fees.
- Many Plano neighborhoods have homeowners associations. Their dues count in the payment for a DSCR loan, and some restrict rentals.
- Expansive clay soil makes foundation movement common. Get a foundation inspection before you set the rehab budget.
Loans available in Plano
| Program | Use it for | Top leverage |
|---|---|---|
| DSCR rental loans | Purchase or refinance of single-family rentals, duplexes, townhomes and small multifamily | 85% loan-to-value to buy, 80% on a cash-out refinance |
| Ground-up construction loans | Building a home, a duplex, a build-to-rent home or a small apartment building, lot included | 90% of cost for experienced builders, up to 70 to 75% of the finished value |
| Fix and flip loans | Purchase plus renovation of a property you intend to sell | 90% of the purchase price and 100% of the rehab, up to 70 to 75% of after-repair value |
| Portfolio and commercial loans | A group of rentals under one note, or multifamily and commercial property | 80% on a portfolio purchase; commercial priced per deal |
Plano hard money loans: common questions
Yes. We finance fix and flips, rentals and construction across Plano and Collin County.
Yes. Loans run to more than $10 million, and the rental is qualified on its market rent.
Fix and flip loans average up to 21 days and can close in about 7 days when title and insurance are ready. Rental and DSCR loans take about 30 days, appraisal included. Closings are handled by a Texas title company.
Looking at a property in Plano?
Send the address, the price and what you plan to do with the property. We will reply with the leverage and pricing that fit your deal.