Hard Money Loan Program

For Real Estate Fix & Flips

Loan Details

  • Up to 70% of the After Repaired Value (excluding points & fees)
  • 12.0% interest only payments (contact us for exact rate)
  • 2.0% loan origination (minimum $1,000)
  • 6 month term
  • Two, 3 month options to extend (1% fee per extension)
  • Rehab funds held in escrow and released in draws
  • No pre-payment penalty
  • No tax/insurance escrow

Loan Fees

  • Loan Origination: 2.0% (Minimum $1,000)
  • Appraisal: Typically not required but might be in certain situations
  • Survey: Typically not required but might be in certain situations
  • Draw Inspection: Free
  • Loan Processing: Free
  • Loan Documents: $500-600 (Paid to attorney at settlement)
  • Wire Fee: ~$40 (One time wire fee at loan payoff)

Property Criteria

  • First Lien Only
  • Our loans are made based on the After-Repaired Value (ARV)
  • Appraisals (if required) must be ordered through Texas Investor Financing, and performed by our appraisers. No exceptions.
  • A mortgagee’s title policy is required.
  • An insurance policy is required on all loans for the term of the loan.
  • Texas Investor Financing reserves the right to adjust down payment requirements as deemed necessary.

Appraisal/Inspections (if required)

  • All appraisals will be based on After-Repaired Value (ARV).
  • Appraisals and inspections will be ordered by Texas Investor Financing ONLY.
  • Borrower MUST provide a 12 month insurance policy to be paid in full at closing. Borrower’s insurance agent should provide the declaration page and invoice to Title company at least 24 hours prior to closing.
  • Insurance premiums are to be paid in full at closing. NO EXCEPTIONS.
  • Coverage must be shown on declaration page must include vacancy, vandalism and malicious mischief.
  • If a borrower has blanket policy, the insurance agent must provide declaration page showing the addition of the new property and showing proof of in-force blanket policy.
  • The amount of insurance coverage may not be less than the full amount of the loan.
  • The lender will be named as an additional insured.

Order your insurance early! Delay in providing insurance coverage can delay the closing of your loan!

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