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SIX EASY STEPS TO FUND 
YOUR NEXT PROJECT

STEP ONE:  APPLICATION

Complete and submit the Initial Loan Application contained on this website.  Once submitted, your Initial Application will be quickly reviewed by me and I will advise you promptly of the best loan terms that can be offered for your particular situation.  If applicable, I will issue a Letter of Intent and/or Loan Commitment. If we cannot assist you, we will advise ASAP.

STEP TWO: DOCUMENTS

If you are preliminarily approved, we will ask you to provide additional information and documentation including, but not limited to, the following items:    

  • Copies of sales contract and any deposit check(s)
  • Copy of your driver’s license
  • Detailed list of proposed repairs and draw schedules, including material and labor costs and copies of any contractor estimates or contracts
  • ​Copies of any appraisals or inspection reports for the property
  • ​Property addresses of any cross-collateral property(s) (if applicable)
  • ​Upon preliminary approval, you will be asked to pay the Property Valuation fee, Inspection Fee & for Credit Report(s).  Once proceeds are received, the work will be performed.  These fees are NON-REFUNDABLE.   

STEP THREE: VALUATION AND TITLE

Upon receipt of all documentation, the title to the property will be ordered and examined.  

STEP FOUR: INSURANCE & CLOSING

Assuming no appraisal, inspection, or title issues/concerns, loan funds will be wired to the title company.  However, the release of funds will not be authorized until after proof of adequate insurance has been paid by you and verified by us. 

Please note that the proper type of insurance and coverage amounts are paramount for you and our protection.  We have a separate document that will assist you in the discussions with your insurance agent to ensure accurate and adequate insurance.  

STEP FIVE: SELL OR REFINANCE

If your loan includes a rehab/construction component, a construction escrow account with be held by our Attorney. We generally allow up to 3-4 reimbursement draws per project depending on the size and scope.  Once we confirm that each predetermined stage/phase of work has been completed and paid by you, you will receive reimbursement in 2-3 business days.  Please note that the final draw is NEVER released until the project is completed.  You will be responsible for a $150 draw inspection fee per each draw request.  These draw fees will be collected at time of property acquisition.  

STEP SIX: EXIT STRATEGY - SELL OR REFINANCE

Within the pre-determined loan term, you must sell or refinance the property and our loan repaid in full.  If you planned and executed your acquisition and exit strategy appropriately, you should be walking away from the project with a big payday.  You are welcome to use the pre-approval from your first successful deal to capitalize on future real estate investment opportunities.  
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1010 Wagner Way, Lantana, TX 76226

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