Texas hard money & rehab loans for flips
& Rental acquisitions (typically "value add" & fixer upper type properties)
Our Mission: Since 2004, A Texas based (Dallas,TX based) rehab hard money ,private funding and investment (flips and rentals) property 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. , (RESIDENTIAL INVESTMENTS AND COMMERCIAL PROPERTY IN TEXAS)
**UPDATE (June 2021) - Due to increased appraisal times we are closing loans under 300,000 without appraisal. We can still close in 5 - 10 days.
RATES from 8% for 9- 12 months - std rehab loan , 90% LTV
12% 1.5 POINTS FOR 6 MONTHS (fast close - up to 100% ARV
10.5 %FOR REPEAT BORROWER OR PROVEN EXPERIENCE
Flexibility - ask about BRRR program. 14 month loans available allow for seasoning.
**ask about our "rehab to rental" loans , know how acquire, rehab and create a "landlord" loan.
Our std. program is for fast closes . Closing can occur in as little as 3 days with no appraisal prior to closing. 12% and 2 points and 12 months is good for 100k + loans , (note we can extend for 90 days if you need 12 months for title seasoning (for long term loans) .
Loans and Quick Guide to Texas Rehab Loans and landlord loans
1.long term funding for rentals (rates from 3's , 3 levels Pro,Investor, Problem solver loans )
2. Nationwide Rehab and Hard Money available. (Nationwide programs from 8% for experienced flippers and good reserves(cash) 80 - 90% of total cost, (must have appraisal) metro markets with 15k + population
3.Equity and Gap Funders ok on our loans - USE OUR UNSECURED LINE OF CREDIT for Gap Funding(SEE MORE) ** WE HAVE BUSINESS LOANS TOO . (680 MIN CREDIT)
Other Benefits :
*** True asset based lending in Texas- Deal and property driven - not borrower credit and income driven - we can fund hard money with no bank statements or tax returns*********
**new - Cash buyers read: PURCHASE MONEY- CASHOUT/& DELAYED FINANCING- REFINANCE- LET US SOLVE YOUR FUNDING PROBLEM WITH PRIVATE-HARD MONEY MORTGAGES- FINANCING -REHABS-FIX & FLIP
What makes us different ? - Speed,Flexibility and Simplicity- not beholden to private fund rules , bank rules or anyone but the agreement of our internal underwriting and investors in our company.
Notes and Articles below:
What is BRRR? What if you decide to rent (REHAB TO RENTAL) the property? Let us take out your hard money for your rental loans (long term or short term for acquisition) from 3.75 for-% 30 years - based on cash flow,then credit ( NON BANK LOANS FOR Challenged credit, income or you just have too many loans for conventional (Fannie Mae and Freddy Mac guidelines)
hard money cashouts for investors - we are flexible and creative as long as investors collateral meets ltv standards
New****** Spec Construction loans from 80% of cost of project - your free and clear lot or other collateral (more)
APPLY NOW (will take you to the 2 step Texas Rehab Application Process)