How fast can you close?

We typically close our loans in 7 days or less.

What is your maximum loan to value (LTV)?

We can lend up to 70% of the after repaired value (ARV) of the property.

What are your interest rates?

Our interest rate is typically 14%, depending on credit and property type, the rate could range from 12%-16%.

In what areas do you lend?

We currently lend in all of the metropolitan areas of Texas, specifically focusing on Austin, Dallas, and San Antonio.

What types of properties will you lend on?

We currently focus on single family houses. We will also lend on multifamily, income producing properties, commercial properties, raw land, and new construction. If a project falls outside of our normal parameters we have contacts who we can refer you to.

What is your minimum loan amount?

Our minimum loan amount is usually $75,000.00. We may occasionally fund smaller loans.

Is an appraisal required? Will you accept my appraisal?

An appraisal is usually required, as well as a site visit by the inspection team. We determine the after repaired value (ARV) of the subject property by ordering an appraisal from an approved appraiser, inspecting the property with a company principal and due diligence team, and comparative market analysis (CMA). The CMA will use sold listings from MLS to determine the estimated after repaired value (ARV). The comps used in the CMA will be from similar properties in terms of size, age, condition, construction, etc. within a close radius from the subject property that have sold within the previous 6 months.

Do you lend money for repairs?

Yes, we lend money for repairs provided the total loan amount does not exceed 70% of the after repaired value (ARV) of the property. Repair money will be held in escrow and will be released in draws as you complete the renovations on your property. We will not provide any draw advances. The borrower is responsible for paying their contractors and material men.

Do you provide proof of funds letters?

Yes, provided you have been pre-approved.

Can anyone live in the house during the course of the loan?

No, we only lend on non-owner occupied properties.

Do I need to have a property under contract before applying for a loan?

We can pre-approve you for our loan program prior to placing a property under contract.

Do you require a down payment?

Depending upon the buyer’s credit and financial strength, we can finance up to 95% of the total project cost (purchase, repairs/improvements, and closing costs) up to 70% of the after repaired value (ARV) of the property. Minimum borrower cash investment is 5% of the total project cost