Long-Term and Short-Term Rentals that need Repair then Refinanced to Hold Long Term
In Texas, we are a Loan To value Lender. A true Loan to Value lender does not have a Loan to Cost addition to their programs. When you are a Loan to Value Lender, it gives the borrower the ability to receive 100% financing where you can be $0 out of pocket at closing. The video above can walk you through how the math works.
We will walk you through every step of the way. You will get emails and texts on the progress of your loan and what you need to close with a dedicated Team just for your deal.
Your Jet Team will evaluate your projections and make sure you are in line with the market before you order appraisal within 24 hours.
We will close your deal within 3 days of clear to close from Title and appraisal report review.
The speed of capital is is more important than the cost of capital. Let us make sure we can fund your deal fast and also make sure you are making the profits you expect.
Here are some basic guidelines on how to comp a property.
Eddie Gant Goes Over Managing Rentals. If you need a team behind you for your real estate investment deals
Hard Money is named since we lend off the Hard Asset and not your credit and income. It's based off the property you are trying to purchase or refinance.
No, your credit just offers you what terms are available to you. We will pull a credit check to see how you pay other lenders back and what usable lines of credit you have to see how you can manage the project. On these projects, Jet Lending can make sure we work on your REFI even before you close your short term repair loan. You have to have a min 650 score for the refi or provide pre-approval with another lender to refinance you out to be in a buy, fix, and hold loan.
In Texas, Yes. In Texas we are true Loan to Value without a Loan to Cost addition at closing. Outside of Texas, our terms are Loan to Cost with a max Loan to Value. Get with your team and we will walk through the numbers.
We will close within 3 days of clear to close from title and appraisal review. Be careful on terms you see that do not have an appraisal requirement, its your one time when you can see what you buyer is going to see when they try to get a loan to buy your property. It's valuable information. Our loan amount is not dictated by the appraisal, but its a 3rd party's perspective of the market that should be considered as you plan your strategy.