Texas hard Money Historic rehab

214 213 8967

Apply online (scroll down ) or

download the pdf

PDF Texas Rehab loan application (download and complete by hand, use for making notes on what you may need or questions)

Draw Request Form (you will need later, after you close) or PDF - Draw Request

For full loan submission after completing the Texas Rehab Loan Application:

1.Contract (unless wanting preapproval)
2.Repair budget (if there is subject rehab property)
3.Insurance –builders risk if rehab involved
4.Articles of Incorporation (entity docs) and coporate by laws
That’s about it- we are simple and fast

This is for hard money online form (rehab or cashout of existing property )short term loans 6 - 12 months . If more than 12 months is wanted or needed please let us know, that is possible. **be specific and thoughtful - your application will go directly to owners who decide on funding.

Borrower Name:
Entity Name & Type (llc,lp,other) :
Is Entity in good standing with state of Texas (It must be ) :
What is EIN # for your entity:
Loan Purpose
Purchase price(if under contract):(original purchase price if refinance & date) :
Current value of property if refinance or cashout :
What is the tax value of property? Also , provide link (it contains legal info and specifics on property) :
What is rehab cost ? (or monies spent to date ) :
ARV (after repaired value)?
Address or exact location of property: (TBD if you seek preapproval) :
IF subject property is rented, what is monthly rent ? and is lease monthly or yearly?
As Is value if seeking refinance or non rehab (construction draws) :
loan amount wanted :
Please summarize your repairs with costs:
square feet, year built, (details on property):
What is "story" of the loan. (include short history and original purchas price if refinance and when:
Borrower home (present) address :
Do you own or rent ?
borrower social security and birthday :
Is Borrower married, if so we need name of spouse for TX properties ?
Email Address (borrower) :
What type of property (exact description)(sfr, duplex, apt...) :
Borrower phone:
Email of borrower :
borrowers appoximate credit score :
Does borrower have any open judgements or IRS liens, if so please indicate :
Does borrower own other properties- if so, please summarize :
How many flips or property have you purchased in last 12 months ?

What is borrower primary Job and Income ?

Include Cash on hand and available:

Please provide contact info parties involved in transaction (mortgage broker, agents, title, etc) )
upload any available 3rd party documents (appraisal, survery, contract..)

 

Full checklist :

 

Please make sure all documents are :
A: labeled with contents clearly (word doc,pdf, or excel)
B. email (if too large please upload to our server  (www.uploadmyloan.com)

Organization will increase the speed of decision making and closing, we are not an admin. staff, we are lending company and real estate professionals.

 PROPERTY & DEAL INFORMATION:

Contract (signed ) __
Rent Roll(if multi family)
Appraisal (if you have one , or old one ) __
Rehab (detailed) budget:
Contractor  info
Contract with your contractor (if applicable) :

Misc 3rd party reports: __
Survey __

 

BORROWER INFO:

Borrower identification ___
Bank statements (last 3 unless “bank statement program’ , then need 24
Voided check for ACH withdraw

CREDIT: (report if availbale) :

Articles of LLC,LP /other:
By Laws associated with Entity (signed)
EIN and TAX ID associated with entity

Experience with rentals and flips (current REO schedule and history of flips- how many total)

 

CONTACTS ASSOCIATED WITH LOAN:

  1. Contact info (if not borrower) for access to loan
  2. Borrowers insurance agent (contact info)
  3. Title company (contact info)

 

 

Thanks