TEXAS HARD MONEY
LOANS

HARD MONEY LENDER/PRIVATE LOANS FOR THE TEXAS INVESTOR AND REHABBER

RESIDENTIAL REHABS AND COMMERCIAL PROPERTY

URBAN COYOTE FUNDING
CALL OR EMAIL 214 213 8967 Email(click on link

Long Term Financing

REHAB TO RENTAL LOANS AND METHODS

ACQUIRE RENTAL PROPERTIES AT 95-100% LOAN TO COST. (understand that loan-to-cost is different than loan to value or your loan to After repaired value)

This is a simple concept, yet many investors are still not taking advantage of this opportunity.

90-100% LOANS OR 0 DOWN INVESTMENT PROPERTY LOANS ARE A THING OF THE PAST (WITH BANKS), BUT IT IS POSSIBLE TO FINANCE 90-100% OF YOUR PROJECT. NOTE , INVESTORS STILL MUST BRING CLOSING COSTS TO TABLE FOR CLOSING.

LONG TERM LOANS - 15 - 30 YEAR FIXED CONVENTIONAL

FINANCE IN YOUR LLC (NO FANNIE MAE LOAN, MAX 15 - 20 YEARS)

HOLD MULTIPLE LOANS IN YOUR LLC - BLANKET LOANS

Buy   flip  or   hold?
Are you looking to buy properties with 20 – 30% equity based on real market value?
Are you ready to put 10% down on each property and 20% ?                                                                                                                           
Are you aware that rehab properties are rarely financial / insurable by conventional lenders?
The above guidelines are preventing many investors from buying rental property and many that want to flip properties are running into problems as they have been misguided into trying to obtain a conventional mortgage. While 95 and 100% conventional investor’s loans are GONE,  you can still buy property with little down and even 0 down.

Using private or hard money is another way to buy fix up or rehab property with 0 down.
Note the difference between a mortgage and rehab loan.  Mortgages are long term solutions used for holding rental property. Long term mortgages /investor loans DO NOT  fund repair costs nor will they fund on property that is inferior , incomplete or has any structural damage.

The genius of using private money  is the ability to structure 95-100% loan to cost. (loan proceeds include acquisition and repairs) If you then want to hold the property as a rental  you simply  refinance the rehab loan into a long term mortgage after you have made repairs. Now you are financing typically no more than 70 -80% of market value and capturing a  much better interest rate and you have real  equity (20 – 30%)  the day your renter moves into your rental  property.
65 – 85% of ARV (after rehab value) is standard short term solutions we can offer

We offer a turnkey process of acquiring investment property  0 down through private lending then converting to permanent financing once the project is rehabbed.

10-20% down is required now on all investment property mortgages. That forces out many investors or limits the acquisition of property to 1 or 2 deals.

Rehab to rental is the answer.

Rehab to Rental Loans

1. 90 -100% loan to cost financing

Find fixer upper homes and acquire the property
 And repair at 100% funding

2. Once repairs are complete, rent the property.
3. Convert to 30 year   /  permanent loan put into rental service. Usually refinancing are no more than 80%

ADVANTAGE:

LESS MONEY DOWN (not offered today by conventional loans)

BETTER TERMS, BECAUSE OF LOWER LTV FINANCING, RATHER THAN 0 DOWN CONVENTIONAL LOANS

What to expect:

Typically the only out of pocket costs are 450.00 for an appraisal.
If your LTV allows, roll in your first draw at closing to keep out of pocket expenses low.

These deals are judged from the financial strength of buyer and the quality of asset (the property).

Expect better terms for better credit and ability to prove income. 100% financing is doable for most credit situations , its just that  in order to achieve the best terms, financial strength and experience is key in the decision making process.