Loan Program.

REAL ESTATE INVESTMENT LOANS.

Whether you are looking to “flip” a property or refinance and hold as a rental, our loan program allows you to borrow funds to acquire and renovate your investment projects.

BASED ON AFTER REPAIR VALUE

The loan amount is based on the after repair value (ARV) as opposed to the purchase price. For you, this means less money out-of-pocket. If a conventional lender offers 80% of the purchase price on a $100,000 house, it could cost you $20,000 out-of-pocket before the cost of renovation. Add in rehab and closing costs, and that amount could easily reach $40,000 or more. On the other hand, if the ARV of the same house is $160,000, Central Texas Funding, could provide a loan for 70% of that, which would be $112,000. That loan would cover the purchase, as well as a significant portion of the renovations, ultimately reducing your out-of-pocket expenses.

FASTER CLOSINGS

Time is of the essence when it comes to real estate transactions, so faster closings mean faster access to the property. Unlike a bank lender that can take up to 60 days to close a deal, we can get it done in as little as 10 days.

GENERAL TERMS AND CONDITIONS

Loan Size: $50,000 to $500,000
Interest Rate: Call for current rates
Points: 2 – 4
Term: 6 – 9 Months
Amortization: Interest Only
Loan to Value: Up to 70% of ARV

THE CTF ADVANTAGE

• Financing for purchase and repairs
• Easy application process
• Competitive rates with interest-only payments
• No prepayment penalties
• In-house underwriting
• Fast closings
• Hassle-free repair funding

NOTE: Our loans are commercial loans used for business purposes only and not residential or personal purposes.