First Things First!

Rehab loans serve as a bridge for investors, facilitating both property acquisition and its subsequent repair. Whether you’re looking to sell or convert your property into a rental, our tailored solutions ensure you have the financial backing you need.

Why Choose Our Rehab Loans?:

Short-Term Solutions: Ideal for quick property turnovers or transitioning into long-term mortgage solutions.

Flexible Durations: Choose from 6, 9, or 12-month loans with options to renew and extend.

Swift Processing: Ready to close in as little as 10 days, ensuring you don’t miss out on prime opportunities.

Key Loan Criteria:

Cashout: Secure up to 70% Loan-to-Value (LTV).

Purchase & Rehab: Benefit from up to 70% After Repair Value (ARV). We typically expect investors to contribute 10% to any deal, but exceptions can be made for particularly advantageous purchases.

Geographic Focus: While our primary focus is Texas—including Austin, Dallas, San Antonio, and Houston—we also consider applications from other states.

How It Works:

Begin your journey either online or by downloading our hard money application.

  • Approval: Receive an approval letter, empowering you to make confident offers on your desired investment property.
  • Contract Review: Once you secure a contract, we’ll review the property details with you.
  • Appraisal: Schedule an appraisal or site visit to assess the property’s value.
  • Closing: With all details in place, we finalize the loan terms and proceed to close.

Additional Offerings:

Cross-Collateralization: Use other properties as collateral, potentially reducing out-of-pocket expenses.

Short Sale Solutions: Expertise in navigating the complexities of short sales.

Extended Loan Terms: Looking for a longer commitment? We offer terms up to 30 years, with competitive rates for rental property loans.

Industries experience

FAQ:

Commonly Asked Question.

What’s the minimum loan size?: We typically start at $35,000, ensuring a broad range of properties can be considered.

How long are the loan terms?: Our hard money-bridge loans range from 1-3 years, while our proprietary rental property loans can extend from 10-30 years.

What are the interest rates?: Rates are interest-only and vary based on several factors, typically ranging between 12-13% for 6 and 12-month terms.

Loan Matrix Overview:

Dive deep into the specifics of our Rehab Loans with our detailed Loan Matrix. Understand the parameters that guide our lending process and see how they can benefit your property investment journey.

Loan Matrix:

  • Geographic Area: Our primary focus is Texas, encompassing major hubs like Austin, Dallas, San Antonio, and Houston. However, we also consider applications from states such as OK, CO, UT, TN, FL, IN, AZ, NM, GA, MD, and DC.

  • Property Type: We specialize in Residential (non-owner occupied) properties with 1-4 units. Owner-occupied options are available with a 25% down payment and a credit score above 600. Additionally, we cater to commercial properties and offer both rehab and new construction loans.

  • Loan Size: Our loans start at a minimum of $35,000. While there’s no upper limit, we typically don’t loan on properties with an After Repair Value (ARV) of less than $90k.

  • Loan Term: Choose from a range of durations. Our hard money-bridge loans span from 1-3 years, while our proprietary rental property loans can extend from 10-30 years.

  • Interest Rate: Our interest rates are competitive and interest-only. They vary based on factors like LTV, credit, term, and more, typically ranging between 12-13% for 6 and 12-month terms.

  • Loan Origination Fee: Depending on factors like LTV, loan size, and term length, our origination fees range from 2.5 – 5 points.

  • Loan to Value (LTV): We offer up to 75% LTV on residential rehab, though this can vary based on the property type and its location.