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URBAN COYOTE FUNDING (DB Capital)
CALL OR EMAIL 214 213 8967

866 925 5055 Toll Free
fax: 214 824 7179

Email(click on link)

 

TEXAS COMMERCIAL HARD MONEY LOANS

 

SHORT TERM HARD MONEY /PRIVATE LOANS FOR THE INVESTOR

FOR RESIDENTIAL REHABS AND COMMERCIAL PROPERTY (TEXAS METRO AREAS)

DALLAS BASED HARD MONEY LOAN COMPANY
IREGISTER(CLICK***) TO RECEIVE DEALS AND INQUIRE ABOUT LOANS (DFW,AUSTIN,SAN ANTONIO,HOUSTON)
APPLY ONLINE***(A) ONLINE LOAN SUMMARY (CLICK HERE) rather than dowloading**easy
Houston | Austin | Dallas | Bryan -College Station | san antonio ||Lubbock





Texas Hard money guidelines (residential)

Rehab loans are short term solutions for property acquisition and repair. Typically investors sell the property or put into service as rental properties though a long term mortgage solution. see Texas Investment property loan overview.

LOAN GUIDELINES

(changing rapidly - email to confirm)

Geographic Area: Texas
Property Type: Residential (non-owner occupied), Commercial, Industrial, Land
Loan Size: $40,000 Minimum-No Lending Limit/Cap
Loan Term: 1 year - 3 years
Interest Rate: Interest Only-Varying depending upon LTV, Credit, Term, Etc.
Loan Origination Fee: 3-5 Points
Loan to Value: Up to 65% on residential rehab.
Pre-Payment Penalties: varies. at least 90 days of guaranteed interest.
Lien Position: First Lien Only
Credit Rating: 600 minimum (Lower scores will require additional review and or fees)
Cross-Collateralization: YES (submit REO schedule for analysis)
Personal Guarantee: always on residential, sometimes on commmercial, ltv driven
Owner Occupied yes (selected areas,Dallas,Austin,San Antonio,El Paso)


  • $350 appraisal fee in area of origination (appraisal fees may vary in different markets)
  • Existing appraisals may be used upon review

HARD MONEY LOAN TYPES

Major Metro areas and suburbs in Texas

1- 4 unit residential rehabs (loan minimum 50k-500k)

Commercial minimum 100K in Texas and 500k in other major metro areas.

multifamily (5+ units)

commercial property (click)

raw land loans (click)

land development
LINKS

APPLYING FOR THE HARD MONEY /REHAB LOAN :

***1(A) NEW ONLINE LOAN SUMMARY (CLICK) rather than dowloading**easy

or:

1. (B) (download)hard money / rehab loan summary (click)-We need this first to understand the validity and strength of deal.

2. standard loan application -apply online (full app)

3. purchase contract (executed)

iNVESTOR TEAM will review property and borrower and issue approval.

II. SUPPORTING DOCS:

**When sending PDFs and other supporting docs use the link below rather than email, its faster and easier than faxing.

***UPLOAD ALL DOCUMENTS HERE (CLICK)

 

our email (click)

 

FEATURED INVESTMENT CLUB

Texas Real Estate Investors Circle

 

 

 

 

 

 

LICENSE #83323

6310 Lakeshore,Dallas,TX 75214

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