Hard Money / Rehab Loans
Urban Coyote Funding – affiliate company
A Texas based rehab hard money since 2004 ,private loan funding and investment (flips and rentals) property funding – by providing private(asset based, non credit driven loans) based -hard money loans in Texas, specifically Dallas & Fort Worth, Austin, Houston and San Antonio
Typically we fund investors up to 90% of purchase price and 100% of repairs. Many investors flip these loans into portfolio loan products to keep as rental or even a primary residence.
find many topics on the website (Texasrehabloan.com)
*UPDATE (Jan 2020) – Small Hard money loans (available now)- to 40k available. 12% and 2k origination fee min, 2% is std fee for 12 months – always fast closings
**ask about our “rehab to rental” loans , know how acquire, rehab and create a “landlord” loan.
ask about lower rates for experienced borrowers (4 + flips in last 18 months)
*** quick funding – no appraisals on loans under 250k, we move fast, but on these smaller loans we expect borrowers to put up 10% min of total cost. (convert to portfolio loan)
Our std. program is for fast closes . Closing can occur in as little as 3 days with no appraisal prior to closing. 12% and 2 points and 12 months is good for 100k + loans , (note we can extend for 90 days if you need 12 months for title seasoning (for long term loans) .
Typical structure is 80 – 90% of purchase price and 100% of repairs