We have teamed with a national provider of short-term interim financing for professional real estate investors and renovators. These loans can be used for the acquisition, rehabilitation and resale of residential, detached single family properties. Our lender is dedicated to providing the highest quality customer service.

The loan process is:

Fast. Borrowers can rely on receiving funds for their projects quickly so deals don’t have to wait.  With access to vast capital resources for lending, deals can generally close within two weeks or less.

Flexible. Customers can select from a unique portfolio of competitive financial lending programs, typically 65-70% LTV based on the after repaired value of the property.

Easy. The loan application process is simple, quick and hassle-free. From underwriting to draws on repairs, the customer’s needs and satisfaction always come first.

We are dedicated to connecting investors and renovators to fast, easy financing of their real estate investment properties. From underwriting to draws on repairs, the customer is always first. Click Here to Apply now!

Terms for All Loan Programs:
 

• Credit score on file. (Scores below 625 will be declined)
• 6 month term 

• Documentation preparation fee: $450 (excluding Texas) 

• Re-inspection and draw fee: $100

• Appraisals fees (due upon loan submission): Click here.

      Dallas/Fort Worth Metroplex: 

    
Please note:

• Origination points will be rolled into loans and will not be calculated as part of the LTV 

• one 6 month extension is permitted on a case-by-case basis based on payment history and property inspection. If payments are current and repairs are complete an extension will likely be granted.

APPRAISAL REQUIREMENTS

 1. Marshall and Swift Guidelines must be used when figuring “cost to cure.” 

 2. Need URAR indicating value ‘subject to’ repairs 

 3. Comparable sales - four COMPS are required 

    a. No “as is” COMPS 

    b. Three of the 4 COMPS must be MLS, no exceptions

    c. Three of the 4 COMPS must be within .5 miles of the subject 

    d. Three of the 4 COMPS must be less than 6 months old 

    e. If COMPS do not meet the within .5-miles or less than 6 month guideline, the appraiser must explain in the addendum the reason for going beyond the boundaries/timeline requested 

    f. All COMPS must be occupied

    g. All COMPS must have been funded by recognized national, institutional lenders 

      No cash, owner-financed or local bank-financed sales. 

    h. No comp is to be more than 1.0 miles away from the subject

4. Photos required:

    a. Normal subject exterior photos (front, back and all sides)

    b. The house across the street of the subject 

    c. The immediate house to the left and right of the subject 

    d. Photos of every room of interior of house (7 rooms = 7 photos)