3wrTexas hard Money Historic rehab

214 213 8967

Apply online (scroll down ) or

download the

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
.

Borrower(guarantor(s)) Name: add co- borrower name here as well(if there is one)
Entity Name & Type (llc,lp,other) :
What is purpose of loan: (examples below) Purchase and rehab Refinance /cashout/other rehab and rent Purchase money only
Purchase price(if under contract):(original purchase price and date if refinance & date) :
Current value of property if refinance or cashout :
loan amount wanted :
What is rehab cost ? (or monies spent to date ) :
Address or exact location of property: (TBD if you seek preapproval) :
Please summarize your repairs with above costs: (you can download a rehab budget):
ARV (after repaired value)?
What type of property (exact description)(sfr, duplex, apt...) :
square feet, year built, (brief details on property):
IF subject property is to be rental (BRRR), what is projected monthly rent and expenses? (for rentals)
What is "story" of the loan. (include short history and original purchase price if refinance and when, was there anything special about the circumstances: (If not a typical purchase and rehab)
Email Address (main -contact- borrower) :
Borrower phone:
What is borrower(s) liquidity? if more than 1 borrower , please list: (looking for reserves)
How many rental properties owned now or in past 2 years?
How many flips or property have you purchased in last 24 months ?
Please provide contact info parties involved in transaction (mortgage broker, agents, title, etc) )
upload any available 3rd party documents (budgets, closing statements to show experience, 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