who we are
Build More Homes. Build Your Business.
We understand the needs of real estate investors. It’s a fast-paced, capital-intensive business and banks are typically too slow or too difficult to work with. You need a lender that will provide competitive terms and help you move fast, acquire properties, pay contractors and tackle problems.
Loan Terms
- Loan size: $150,000 - $5 million
- Loan-to-Cost (LTC) up to 95%
- Loan-to-Value (LTV) up to 75%
- Property types: 1-4 single family residential
- Loan types: bridge, renovation or new construction
- Regions: Texas, Oklahoma, Colorado, Idaho
- 12-month term for renovation; 18-month term for new construction
- First lien
- Interest-only
- 12% interest rate
- 1-2% origination fee
- No "junk fees" (doc prep, application, draws, wires)
- Close quicklly in 5-10 days
Borrower Requirements:
- Experience: three previously completed renovation or new construction projects
- Credit score of 650 or higher
- LLC documents
- Liquidity of at least $20,000
Loan Requirements
- Purchase contract
- Construction budget
- Builder’s Risk and Liability Insurance
- Architectural plans (new construction)
regions
Where We Lend
We primarily lend on residential properties located in the largest markets in Texas (Dallas, Fort Worth, Austin, Houston, San Antonio), but also in a few other states including Oklahoma, Colorado, and Idaho.
How it works
Step 1
New Borrower Application
Our New Borrower Application focuses on your real estate experience and financial situation, and unlike most banks we do not focus on your income or require tax returns. We do run your credit score and request copies of your bank statements and company formation documents. There is no cost to fill out the application.
Step 2
Request A Loan
After you have been approved as a borrower the next step is a Loan Request. We ask that you provide the contract for the property, and a detailed budget and timeline for the project.
Step 3
Receive A Term Sheet
After reviewing your loan request, we provide you with the terms of our loan. It will include loan amount, down payment amount, interest rate, fees, loan term, insurance requirements and an expected closing date.
loan examples
Results From Our Loans
We are proud to have funded over 750 loans and over $400 million since inception. Here are examples of some of our renovation and new construction loans.
