URBAN COYOTE FUNDING

CALL OR EMAIL 214 213 8967

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SHORT TERMS LOANS FOR THE INVESTOR  
  
 
 
 
 
 
 
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: $60,000 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 70% on residential rehab, usually less on land.
Pre-Payment Penalties: on some commercial hard money loans
Lien Position: First Lien Only
Credit Rating: 600 minimum (Lower scores will require additional review and or fees)
Cross-Collateralization: possible (submit REO schedule for analysis)
Personal Guarantee: always on residential, sometimes on commmercial, ltv driven
Foreclosure Bailouts: yes


  • $350 appraisal fee in area of origination (appraisal fees may vary in different markets)
  • Existing appraisals may be used upon review
 
 
 
Texas Hard money guidelines (commercial property)  

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: Major markets in United States
Property Type:

Income property (apts, retail, office...)

raw land in Texas

Loan Size: 250,000 : Minimum-No Lending Limit/Cap
Loan Term: 1 year - 3 years
Interest Rate: 12 - 15% - Interest Only-Varying depending upon LTV, Credit, Term, Etc.
Loan Origination Fee: 2-5Points
Loan to Value: Up to 70% income property and 60% on land.
Pre-Payment Penalties: depends, at least 6 months interest
Lien Position: First Lien Only
Credit Rating:  
Cross-Collateralization: yes and will use seller 2nd (submit REO schedule for analysis)
Personal Guarantee: always on residential, sometimes on commmercial, ltv driven
Foreclosure Bailouts: yes