Texas Rehab Loan Program (Fix & Flip)

• Loans amounts for up to 65% of After Repaired Value
• Interest rate: 13% interest only
• 3-4 points as a loan fee Loan terms from 6 to 12 months
• Loan amounts from $50,000 to $750,000
• Fast fundings, from 3 - 7 days
• *Repairs are held in repair funds escrow for draws as rehab
  is completed.

*Monthly, interest only payments required. No principal payments.

Residential Bridge Loan – Hard Money Loan:

Texas Hard Money Loan Program (for Faster Funding Deadlines)
*No minimum credit score

• Residential hard money loan, bridge loan option
• Fast fundings, from 1 - 7 days
• Loan amounts for up to 70% of purchase price on
• purchases, or up to 65% loan to value on refinances
• Loan amounts from $50,000 to $500,000
• Interest rates: 12% interest only
• 4 points as a loan fee Loan terms: 2-5 years
• *No credit minimum.

*Monthly, interest only payments required. No principal payments.

Commercial Bridge Loans – Purchases and Refinances:

Texas Commercial Bridge Loan Program, Commercial Hard Money Loan
*No minimum credit score

• Commercial hard money loan, bridge loan
• Property Types: Office, Industrial, Multi-Family, Self-Storage,
• Retail, Senior Housing, and Medical
• Fast fundings, from 5 days to 14 days
• Purchase loans and Refinance loans
• Loan amounts for up to 75% of purchase price on
• purchases, or up to 70% loan to value on refinances
• Interest rates from 8.5% to 9.99% interest only
• Loan amounts from $250,000 to $100,000,000
• 3-4 points as a loan fee Loan terms: 12 months - 72 months
• No credit check required for approval, past bankruptcy
  or foreclosure ok.

*Monthly, interest only payments required. No principal payments.

Land Loans & Construction Loans:

Land Loans:

up to 65% of Purchase Price on Purchases
Between 55% to 65% of Value on Refinance Loans
12% to 15% and 4-5 points for 12 months Loan amounts from $50,000 to $5,000,000

Construction Loans:

Loan amounts from 65 to 70% Loan to Cost
8.5% to 9.99% and 3-4 points for up to 12 months
Min loan amount is $250,000. Max loan amount is $100,000,000
*Example: Cost of Lot Acquisition + Cost of Construction =
Total Project Cost. We lend up to 70% of the Total Project
Cost on a construction project on a case-by-case basis.

TO REVIEW A CONSTRUCTION SCENARIO WE WILL NEED:

• Resume of similar projects completed
• Loan application filled out
• PFS for signers for the business that will hold title (I can send you one if you like, please let me know)
• Bid for construction cost or itemized list with cost next to each
• Comps to support final sales price
• Summary of project highlights in a paragraph or two with relevant data and numbers outlined.
• Summary of project timeline in a few sentences, as compared with previous projects
• Concept
• Photos of similar homes
• Photos of the actual lot, subject of acquisition