Texas hard money & rehab loans
Our Mission: rehab hard money investment funding - by providing private(asset based, non credit driven loans) based -hard money loans in Texas, specifically Dallas & Fort Worth, Austin, Houston and San Antonio being a focus. Also South Texas (Rio Grande Valley) , (RESIDENTIAL INVESTMENTS AND COMMERCIAL PROPERTY IN TEXAS)
What makes us different ? - Flexibility - not beholden to private fund rules , bank rules or anyone but the agreement of our internal underwriting and investors in our company.
***New - Soft Money loans - long term - take out hard money for your rental loans (long term or short term for acquisition) from 6.5 for-% 30 years - based on cash flow,then credit
hard money cashouts for investors - we are flexible and creative as long as investors collateral meets ltv standards
Loans and Process
NEW HARD MONEY PROGRAMS and STANDARD LOAN PROGRAM HIGHLIGHTS :
The Standard Hard Money Loans: 70% ARV, loan must include purchase and repairs , any difference is paid by borrower. 6 - 12 months 11-13.5% (pending loan size and property type)
1.(SOFT MONEY ) **620 (or explanation) credit and 20% , check for 7.99 interest hard money for 1st year - can convert to long term - unique 30 year FIXED loan***
2.(QUICK CLOSE ) : For borrowers who wish to fund thier own repairs. 20% down , 80% OF "AS IS VALUE OR PURCHASE PRICE if a refinance. No Appraisal needed.
3. Spec Homes and High End rehab (500k - 2 milion) non recourse. 75% LTC - under 8% - non recourse available
3. (MAX LOAN TO COST : ) AS LITTLE AS 5% DOWN - B ASED ON ARV (Traditional Rehab ARV program) need experience as rehabber and proof of cash reserves
4. (NO Cash needed ) CROSS COLLATERALIZE OTHER PROPERTY - NO MONEY OUT OF POCKET
1. Loans for foreclosures or distressed properties. (many will need repairs and quick closes , both of which banks will typically be unable to fund)
2. Loans for rehab - that may include repairs, loans to LLCs and various entities.
3. Cashout loans on investment property , typically up to 70% LTV(case by case) , inherited propery, cross collateral other Texas Investment Properties for a loan
4. *****NON RECOURSE LOANS TO SELF DIRECTED IRA ACCOUNTS (PURCHASE PROPERTY IN YOUR IRA OR INVEST IN OUR LOANS WITH YOUR IRA)
We review your hard money loan scenario from start to finish and take every measure to make sure our borrowers enter into a profitable deal. We can be creative and discuss methods of acquiring property using other collateral, longer loan terms and more.
Texas hard money/private loans for investors are funded with our own capital and private individuals & small private shops with which we have relationships and partnerships.We have personally invested many of our loans and investments as well. We are fast.
We are investors ourselves and understand the needs of the investor as well as the lender. We provide a conduit to many private investors willing to fund your acquisition and repair of investment real estate in Texas.
Ask us how to use these simple transactions in building a rental portfolio with little down. We call it rehab-to-rental. We simply convert the short term hard money loan to a permanent mortgage. *************Dont forget about your long term financing needs for investment property. We have a conventional mortgage branch for bank-low rate needs.
Read more (link to guidelines)