Nebraska Hard Money Lender for Residential Real Estate

Good Life Lending is a direct lender offering high leverage short-term hard money loans throughout the state of Nebraska. Our program is simple, and we are very easy to work with. We qualify borrowers based on character and the ability to exit the loan within 6 months.

  • Funding 100% of purchase price
    • No rehab funds provided
  • Up to 80% LTV for refinance and cash out loans
  • NO Credit Check
  • In-House Valuations – we hardly every require appraisals
  • Zero Points (origination fee)
  • $500 Processing Fee
  • Loan term up to 6 months (will consider extending to 12 months for additional fee)

Most of our loans are for fix & flip projects. However, we will consider a purchase loan for a property that doesn’t need to be rehabbed, and we’ll fund 100% if the price is below market.

Please Note: We do NOT offer lend on commercial real estate or ground-up construction projects

Property Geographic Area Details
Nebraska
Loan Amounts
$50,000 to $1,000,000
Interest Rates
20% to 26%
Loan Terms
2 months to 6 months
Lien Position
1st, 2nd
Collateral Types
  • Residential Property
Loan Purpose
  • Improve Subject Property
  • Use Equity to Invest in Another Property
  • Value Add Project
Property Occupancy
  • Vacant
  • Tenant Occupied 100%

Maximum Leverage

Purchase Short-Term (no Value-Add)
Max LTP Residential: 100%
Refinance Short-Term (no Cash Out)
Max LTV 1st Lien Residential: 80%
Max CLTV 2nd Lien Residential: 80%
Refinance & Cash Out Short-Term
Max LTV 1st Lien Residential: 80%
Max CLTV 2nd Lien Residential: 80%
Residential Fix & Flip
Max LTP: 75%
Max LTC: 100%
Max LTARV: 80%
Residential Rehab & Hold
Max LTP: 75%
Max LTC: 100%
Max LTARV: 80%

Property Types

  • 2-4 Units Residential
  • Condominium
  • Single Family Residence

Loan Types

  • Private Money
  • Hard Money
  • Residential Bridge
  • Residential Fix and Flip
  • Residential Rehab and Rent

Specialty Loan Types

  • 2nd Mortgage Equity Cash Out
  • Primary Residence Business Purpose Cash Out
  • Reverse 1031 Exchange
  • Transactional Funding
For rehab projects, we typically fund 75% of the purchase price and 100% of the rehab budget. Another option is we can fund 100% of the purchase and you can self-fund the rehab budget.

Experience Required

no

Minimum Number of Value-Add Projects Completed by Borrower

0

Will Provide Funds for Renovation Costs

yes

Max LTC for Renovation Costs

100%

Interest Charged for Renovation Costs

Entire Amount of Total Project Costs

Typical Number of Days for Funds Draw

0

Maximum After Repair Value

80%

Processing Fee

We charge a flat fee of $500 for each loan.

Minimum Origination Fee Amount

$498

Fees which are mandatory for all new borrower clients

  • Processing Fee
  • Extension Fee

Details and Requirements

Typical Closing Time (Days)

10

Fastest Closing Time (Days)

2

Payment Structure
  • Interest Only
Payment Structure Details

Interest only payments due monthly

Pre Payment Penalty

yes

2 month minimum
Will lend to a foreign national

no

Will Allow Junior Position Mortgage(s) Behind Our Senior Mortgage

yes

Will Consider Collateralizing Multiple Properties in One Loan

yes

Will Consider Equity Joint Venture

yes

Borrower Entity Types Considered
  • Individual(s)
  • LLC
  • Limited Partnership
  • Trust
  • Corporation
  • Non-Profit Corporation
  • Self-Directed IRA
Documentation Required
  • Loan Application
Personal Guaranty (Recourse) Required
Always
Credit Check Required

no

Appraisal Required for Residential Property

Sometimes

Broker Price Opinion (BPO) Accepted for Residential Property

Never

Contact Good Life Lending

Good Life Lending pays us to be listed, so there is no fee to connect with them directly.
(402) 770-7950 (402) 770-XXXX
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Company Size (Number of Employees)

2

Year Established

2019

Associations

  • American Association of Private Lenders - Certified Private Lender Associate

Office Locations

285 S 68th St Pl, Lincoln, Nebraska 68510



Primary Capital Source
  • Own Funds
  • Individual Investors
  • Bank Credit Line
  • Friends & Family
Loan Structure for Majority of Loans
  • Own Balance Sheet
  • One Investor One Loan
  • Multiple Investor Fractionalized Note
Percentage of Loans Secured by Commercial Property

5%

Percentage of Loans Secured by Residential Property

95%

Total Number of Loans Funded to Date

165

Total Loan Volume Funded to Date

$22,000,000

Our Team

Josh Nix

Managing Member

Rhea Barfield

Operations Director

Contact Good Life Lending

Good Life Lending pays us to be listed, so there is no fee to connect with them directly.
(402) 770-7950 (402) 770-XXXX
Click to show phone number
Send email Create a Loan Request

Stay Informed About Private Lending

Receive our monthly newsletters with valuable insights and industry updates
SUBSCRIBE
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Contact This Lender

Click to show phone number
(402) 770-7950 (402) 770-XXXX
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BEFORE YOU CONTACT THIS LENDER

Our Minimum Loan Amount Is

$50,000

What We Do

  • Lending in Nebraska only
  • Up to 100% of Purchase Price
  • Up to 80% LTV for Refinances
  • In-House Valuations
  • Loan term up to 6 months

Not Available

  • NO Raw Land Loans
  • NO Agricultural Properties
  • NO Ground-Up Construction Loans
  • NO Consumer-Purpose Loans
  • NO Commercial Properties

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