Long Term (STATED INCOME AND SOFT MONEY) Financing options for the Texas Real Estate Investor & Landlord
Soft Money can mean anything from lower rate hard money to non bank institutions making long term loans for investment property owners - landlords and commercial income property owners.
Typically we are conduits to various non bank institutions for "soft money" loans
Texasinvestorloan.com (DB capital ) can process and FUND ALL types.
THE RATES AND PROGRAMS:
Rates Start in 6's
Investor product 1 : stated, 620 credit , rates 7-9
LTV to 75% on purchase and 70 % on cashout.
Investor Product 2. Stated (Bank statement program)
LTV to 80% with bank statements (12-24)
With experienced landlords and flippers ,we have short term money available from the 7's
Stated Income - 40,000 minimum loan
1-4 unit rental property
Commercial income property:(min 100,000)
Location of loans: WHERE CAN MAKE LOANS
location - city should have 50k + population or be "bedroom community" of metro area
Loan Terms: 15-25 years
Interest : 6-12% (size , credit and asset determine rate)
Bank Statement Program - hight LTV - up 80%
No Doc to 75% and 65-70% on cashouts
You want simple:
borrower info (background, what you do, income, credit if known)
property details with photos