Lending Solutions for Real Estate Purchases, New Construction, Renovation/Rehab Fix & Flip Loans
A List Partners Management, LLC provides asset based lending solutions for the real estate investors seeking financing for residential and commercial properties for acquisitions, renovation or rehab projects, new construction, development or needing a bridge loan to get them to the next phase of their project. Three of these solutions are our private money or hard money lending program, residential rehab program, and our bridge loan financing solution.
Private Money or Hard Money Loans include funds for the purchase of the property as well as the rehab of the property and are ideal for your fix & flip projects.
Our Residential Rehab Program provides private money for short term funding to Real Estate Investors for purchase and rehabilitation of residential real estate, and to help you complete your projects.
The bridge loan is useful when a borrower only needs financing for a short time frame where a long-term fixed rate loan does not make sense.
We do not fund owner occupied properties (loan proceeds must be used for business purposes only).
All loans will require at-least a Title Policy, Insurance, Inspection, “As-Is” and “As Repaired” Appraisals or BPO, Flood Certificate and in some commercial loans, Environmental Study. Rehab and construction funds will be held in escrow and will be released in draws as you complete the renovations or construction on your property. We will provide appropriate draw advances. The borrower is responsible for managing their contractors and material.
Private Money or Hard Money Loans
Typically, we do not look at income or credit on the borrower for our hard money loans. These are for hard money investment projects or cash out on free and clear properties.
These loans are a great option for new construction as they often are a better solution than a builder having to take on equity partners. Hard Money Loans enable you to completely leverage your working capital in order to obtain a maximum return on investment.
Loan Term: 3-12 Months (if this is a 5 unit plus or a mixed use property longer term loans are available.)
Interest rates: 11 to 15% interest only annualized and payable monthly.
Loan to Value : up to 70%. Typically 70% of purchase price and repairs provided the total loan amount does not exceed 70% of the after repaired value (ARV) or After Built Value of the property. For purchases, 65% of as-is Broker Price Opinion value or Appraised Value (whichever is less), and 50% to 60% of as-is BPO value for refinances and cash-out loans.
Acceptable property types are: 1-4 unit, 5+ unit, mixed use properties and horizontal development.
Hard Money Lending Areas in Texas: We are currently funding hard money loans in Austin (Travis County), San Antonio (Bexar County), Houston (Harris County), Dallas (Dallas County), Ft. Worth (Tarrant County) and surrounding counties.
Prepayment Penalty: None
Lien position: 1st only
Origination Fee: 2%
Lender Discount Points: 3%
Closing: Approximately 7-14 days after final closing documents are prepared.
Residential Rehab Programs
The primary collateral for funding is the value of the property. We use the purchase price to determine the funding limits. We can provide up to 100% of the purchase and rehab funds for a project for qualified properties and investors. 100% financing requires minimum FICO score of 680, fully documented income, a homeowner living in the state buying the property and liquid reserves of 6 months.
Eligible properties include:
2,3, 4 UNITS
2-4 units with a storefront
Bridge loans are short-term loans which bridges the Borrowers plan from one real estate transaction to another. A hard money bridge loan from private money lenders can be used by real estate developers, real estate investors, or other business entity to take advantage of commercial opportunities that don’t fit into the traditional bank standards. Our typical maximum loan-to-value allowed on subject properties is 65%.
Example: Borrower owns an investment property, it is currently on the market for sale, and needs capital to fund their next real estate deal. Being a private money lender, we would lend on the property (bridge loan) until the property sells, this would be a hard money equity bridge loan.In this way they do not miss out on their next deal awaiting the sale of the property they own.
How will a bridge loan help me purchase an investment property?
A hard money bridge loan from private money lenders like A List Partners Management, LLC can be used to purchase real estate even if a borrower does not meet conventional bank standards or does not have time to wait for a traditional banks typically slow lending process. Hard money allows for things that banks never allow: low or no credit scores, incomplete construction, property in need of repairs, etc.
Commercial hard money cash out refinances allow you to extract equity from real estate you already own. This can be done with a hard money equity loan. For commercial loans, hard money purchase loans are a quick, easy way to get those funded. It can be a quick way of generating additional working capital to be utilized as you quickly as one week. Our niche is getting the tough bridge loans, commercial loans, a bridge loan hard money financing in a timely manner.
These are just some of the ways the A List Partners Bridge Loans can help with getting your deals funded. If you are looking for a bridge loan in Texas for your commercial deals we would love to see any and all of your loan requests.