ACQUISITION LOANS

WHAT IS AN ACQUISITION LOAN?

          An acquisition loan is one where financing is provided only for the purchase of the property, and not for the renovations or repairs. The investor purchasing the property typically comes out of pocket to complete the repairs. An acquisition loan mirrors the terms of our fix and flip loans, except there is no draw process for the rehab funds.

WHAT KIND OF DEALS CAN ACQUISITION LOANS BE USED FOR?

  • Single family residence

  • Townhomes/condos

  • Mixed use development

  • Land Development

  • Any residential or commercial project where the investor already has sufficient funds to develop or renovate the project.

ACQUISITION TERMS

Interest-7.99-12%

Origination Fees-2-3 Points

Loan To Value-Up to 75%

Lien Position-1st

Amount-$50,000-$1MM

Locations-Texas

Minimum Required Length-1 Month

Application Fee-$0

Prepayment Penalty-N/A

Loan Type-Residential & Commercial

Loan Length-6 & 12 Months

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