Rehab Loans Available Now
We have funds now that we want to place in residential rehab projects. Please send us a summary if you have a project in Austin, San Antonio or Houston (and the surrounding areas of those cities). If we like it we can fund you this month.
If you need a project then work with one of our in-house Realtors to find you a profitable project for April funding. If you are an investor and need a contractor to help you with the construction then we can partner you up with Pride of Austin Homes.
General Loan Parameters:
* non-owner occupied and owner occupied allowed
* 1 year term
* rate between 12% and 15% (depending on the project)
* loan amount up to $250,000 (will consider a higher value if it is an incredible project)
* up to 60% ARV (after repair value)
Send us a summary and we’ll give you an answer in 2 business days if we want to underwrite the loan.
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