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FLPPD Funding is your #1 source for private/hard money financing for Houston. FLPPD Funding specializes’ in rehab financing for real estate investors and commercial bridge loans. FLPPD Funding is a local private lender you can trust. They are ideal for real estate investors who need short term funding to acquire, renovate and rehab distressed properties. Residential Rehabs

  • Fix and Flips
  • Distressed Property purchases – REO’s, Short Sales, Auctions
  • Short term bridge loans on commercial properties

Why choose them for your investor rehab loans?

  • Up to 100% financing available based on purchase price
  • Loan amounts up to $5 million
  • Fast closings
  • Local lender and local decision makers
  • Less paperwork than a traditional lender
  • Flexible lending guidelines
  • Quick approvals – usually within 5 days of submission
  • Limited income verification or NO DOC
  • LTV up to 70% of the “after repair value”
  • Competitive rates and terms
  • No prepayment penalties

Non-owner occupied vacant properties only – all funds must be used for a business purpose.

Our Mission

New Centuri Properties is devoted bridging the gap to homeownership for, our main standard operating procedure is customer service–putting our clients’ needs first, and making sure at the end of the day, YOU’RE satisfied with our industry knowledge, professional manners, and extensive network of Professionals, are commitments we hold as core values of our mission as a company. We are truly dedicated to providing a complete solution for our clients.

Our Story

New Centuri was formed by brothers Will H. Garner, M.B.A. & Nick Garner, M.B.A. . Will who is a graduate of Texas A&M University ’02 (College Station) first began his career in Real Estate as an undergrad at A&M working summer jobs as a licensed Realtor working part time as a lease agent while in college for WTA Property Management overseeing 440 lease properties in the College Station area. Upon graduating from Texas A&M Mr. Garner worked as a Project Manger on the construction side from 2003-2005 for Kimball Hill Homes in the Houston area. In 2005 Mr. Garner decided to try his hand at entrepreneurship where he formed Garner Group Realty & Development after obtaining his brokers license. From 2005 GGR&D built Custom Homes and assisted Sellers & Buyers through the Real Estate process. In 2007-08 GGR&D won the coveted Aggie 100 Award being ranked as the #5 ranked company out of 100 Top Companies owned by former students of Texas A&M University.
In 2012 Mr. Garner with the help of his brother Nick Garner, M.B.A. developed the Insurance portion of their business and re-branded as EXP | New Centuri Advisors to help add to the portfolio of services they are able to offer to their customers. Our vision is clear we want to have the ability to offer our clients a complete solution when it comes to their Real Estate Investments and have the knowledge to understand how all facets of navigating through Financial decisions affect our clients, this will give us a competitive advantage and give our clients peace of mind. EXP | New Centuri Advisors is also dedicated to adjusting to innovations in Technology, Process improvements and evolving with the ebb and flow of the industry. EXP | New Centuri Advisors is an active member of the North Channel Chamber of Commerce, and devoted to growth through stewardship and being a contributing member to the community. Our goal is to leave a legacy that impacts future generations in a positive and responsible way. The true and ultimate goal is inspire someone, some youth so much that through the seeds we planted they can change the world.

Types of Properties and Deals Done:

  • Residential Rehab (Non-owner occupied)
  • Commercial (Office, Retail, Warehouses, Mixed-Use, Gas Stations)
  • Condo Conversions
  • New Construction (from ground up)
  • Vacant Land / Land Development
  • Unlimited Cash Out Re-fi’s
  • High end residential properties

Loan Terms

Note: None of the loans have pre-payment penalties and they do not require income docs, tax returns, or bank statements. All credit types are considered (approvals are based on property).

Residential Rehab Loans

  • Between 50-70% LTV based on ARV
  • 9-month balloon note (longer terms case-by-case)
  • Repair money escrowed and released in draws
  • Non-owner occupied only

Other Loan Features

  • All loans are equity-based
  • No pre-payment penalties
  • No minimum loan amount up to $5 million
  • No personal financial information is required (no income tax returns, no pay stubs, no proof of funds)
  • No employment verification
  • No minimum credit score requirement (all credit types considered)
  • Experience is not required for approval
  • 24-hour loan review process
  • Fast closings (usually within 10-14 days)
  • Repair money is held in escrow and reimbursed to borrower (in draws) as work is completed


FLPPD Funding underwrites high yielding, low loan-to-value loans to investors in the Houston area.

They do not operate LLC mortgage pools – each private mortgage note made is funded directly to the insuring title company and your vesting is on each note and deed of trust.

Due diligence investor packages are sent before loan commitment which can including the following:

Due Diligence Investor Packages

  • Comps
  • Tax records
  • Pictures
  • List of repairs

Advantages of Private Mortgage Note Investing

  • High annual yields (typically 11%) secured by real estate
  • Interest payments are paid monthly
  • Low volatility returns not correlated with the stock market
  • Substantial property equity cushions to protect your capital (loans are made at low loan to value ratios)
  • Even high quality borrower are unable to obtain traditional financing because of the credit crisis therefore we are lending on higher quality borrowers
  • Property values have begun to stabilize in many areas lowering the risk of private lending
    (an equity cushion, title insurance, attorney preparation of loan documents, hazard insurance policy, a chance to perform due diligence, short term notes 6 – 9 months is typical and you wire your funds direct to a 3rd party – a title company for closing)

For investing opportunities, contact Will(Sporty) Garner.


This is not a Security. The information provided herein is not intended to be for the purposes of soliciting a Security under State or Federal regulations. This information is intended to give the private investor alternatives to stock market investments, but is not intended to be a solicitation of a Security under SEC rules and definitions. This is intended to be a private borrowing transaction.


Q: How are real estate agents paid?

A: Real estate agents (and the brokers with whom they are licensed) are usually paid a commission. A commission is a fee, often calculated as a percentage of a home’s sale price, paid to a real estate broker. The broker then divides this fee, sharing it with the real estate agent and cooperating broker/agent (if any) in the transaction. An agent skilled in marketing, negotiating, and in closing the transaction often can make you more money than the fees you pay them. By law, there is NO set commission schedule for real estate transactions. Typically, the agent commission IS PAID BY THE SELLER.

Q: How are buyer’s agents compensated?

A: It used to be that seller-only agency was “customary” in residential real estate. The real estate commission was thought to be paid by the home’s seller, deducted from the home sale proceeds at the time of closing. Real estate agents and brokers represented the interests of the property’s seller; the buyer was unrepresented in the transaction – and usually not even aware that this was the case!

This “conventional wisdom” changed across most of America, during the 1990s: without buyers, nothing sells. The real estate commission is derived from the proceeds of the home sale, and is really paid by both buyer and seller. Both parties are entitled to an “agency relationship,” and the representation it entails.
With the advent of buyer agency, homebuyers are now able to be fully represented by a real estate agent in the purchase of property. In most states, it’s rare that buyers would pay their agent/broker directly for services in finding and purchasing a home. If a broker does charge buyers a direct fee, it should be outlined in an exclusive agency agreement that the buyer signs when engaging the broker.
When a buyer is represented by a real estate agent, she/he comes to terms on which services the buyer-client is seeking, and the manner in which the agent will be compensated for providing those services. In most cases, a fee or commission is still derived from the seller’s proceeds of sale, and shared between the seller’s (listing) and buyer’s (selling) agents and brokers.

Q: What typically goes into an agreement for buyer representation?

A: Like any contract, a buyer representation agreement needs beginning and ending dates, acknowledgement of your willingness to be represented by the company and its agent, and what (if anything) you will pay for real estate-related services. New Centuri Properties does not charge any transaction fee or additional fees.

Q: What is an Agency Disclosure?

A: An Agency Disclosure is a state-required document, disclosing to you as a principal in a real estate transaction (in this case, the buyer) whom the agent(s) in that transaction represent. A state’s Agency Disclosure simply notifies you of that state’s agency laws; it does not obligate you to work with any particular agent or broker.

Q: How are buyer’s agents compensated?

A: It used to be that seller-only agency was “customary” in residential real estate. The real estate commission was paid by the home’s seller and deducted from the proceeds at the time of closing. Real estate agents (and the brokers with whom they were licensed) represented the interests of the property’s seller. The buyer, however, was unrepresented in the transaction – and usually not even aware that this was the case!

With the advent of buyer agency, this need no longer be the case. Home buyers are now able to be fully represented by a real estate agent in the purchase of property.
The buyer and real estate agent come to terms on which services the buyer-client is seeking, and the manner in which the agent will be compensated for providing those services. In most cases, a fee or commission is derived from the sellers proceeds of sale and shared between the seller’s (listing) and buyer’s (selling) agents.

Q: Is New Centuri Properties a member of the Multiple Listing Service?

A: Yes – New Centuri Properties belongs to the local MLS, as well as being members of the National Association of Realtors, Texas Association of Realtors and Houston Association of Realtors®.

Q: Should I buy first … or sell first?

A: The answer to this question lies squarely with you. Do you need the equity that’s built up in your present home to complete the purchase of your new home? If so, you either need to sell first or consider a bridge loan or house sale contingency. We strongly suggest that you engage a real estate agent with whom you can enter a trusting relationship. Then discuss this question with him or her, touching on every aspect of what it may mean for your particular situation.

Q: I’m thinking about buying a home. Where do I start?

A: The first step in the plan for potential homebuyers is a credit check. It’s best to keep an eye on your credit reports so you can spot any mistakes and dispute them. Also, avoid running up high credit card bills in the months prior to buying a home.

These two things will help you in the next phase of your game plan, pre-approval on a mortgage. A full-service real estate broker will be able to help you with this portion of the plan. Pre-approval includes analyzing your income, assets and present debt to estimate how much house you can afford. This means the lender has committed to loaning you the money subject to the house you choose to buy. Being pre-approved for a loan will make you attractive to sellers because the contract won’t be tied up with financial issues.

After you know how much you can spend, you are in the homestretch. This is the time for you to become familiar with neighborhoods and the features of a home. Educate yourself by visiting local real estate Web sites and viewing the inventory of listings. This is also the time for you to decide what you want and need in a home.

Q: Why do I need an agent to help me find a home with all of the technology and advertising available?

A: The Internet and newspaper ads are good places to start researching what the current housing market is like. You can also find information to help answer many of your financing questions. Once you have looked at what’s available to you it’s time to get a professional involved. You might spend hours scanning newspaper ads and home magazines, driving through neighborhoods looking for “for sale” signs or phoning on individual listings, and still miss the opportunity to see some of the best homes available.

Q: What should I consider when I start to look for a home?

A: First, put together a list of features and benefits you want in a home. Think of such things as pricing, location, size and amenities. If you can’t get a home at the price you want with all the features you are looking for, figure out what features are most important to you and rank them in priority so you know what you’re willing to give-and-take. Would you rather have a large kitchen and smaller bedrooms? Also consider your needs in the future. Maybe now is the time to buy a larger home rather than expanding a smaller home in the future. Your Realtor can also help you compare the price of homes with the features you are looking for or suggest alternate uses of space.

Q: How do I choose between renting or buying?

A: Owning a home offers tax benefits as well as the freedom to make decisions about your home. Homeowners, unlike renters, can secure a fixed-rate loan and lock in their monthly payments and make investment plans knowing these expenses won’t change substantially. However, rent can go up each year without the renter’s input. Renters are at the whim of their landlord, while homeowners are in control of their property when it comes to decisions, such as whether they allow pets, any decorating or improvements that are permanent.

Q: As a buyer, do I have the right to obtain past information about the property I am interested in purchasing?

A: Yes. Sellers are required to disclose all known defects associated with the property. With the help of your Realtor, you can find out what has happened to the property in the past. You should make careful observations, examine the property and request or otherwise obtain any records important to you. These requests should be in writing. If you decide to put an offer on a home, it is important to have a professional inspection completed before closing.

Q: If I am thinking about buying a newly-constructed house, why do I need an agent?

A: Building a home often requires hours of research and decision-making. You must first decide what area you want to build in and which builder you want to work with. After these initial decisions, you still have many choices of floor plans, building materials and fixtures. Personalization and freedom of choice are some of the benefits of building a home, but they can also be very stressful. An agent will guide you through the entire home building process and help you along the way should you need it. You’ll still get to make the choices on your own, but your agent will be there to help, keeping your best interests in mind. Also, buyer representation comes at no cost to you.

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