Rates as low as 8.49%
Direct Lending Partners is the easiest and most reliable source of rehab funding for all of your funding needs. We focus on providing our borrowers the capital they need to fund their investments, in addition to the support, experience, and knowledge to help make these renovation and new construction projects profitable.
Don Wenner, CEO, and the Lending Team of Direct Lending Partners have funded more than 800 residential renovations and 200 new construction homes over the past 7 years and are experts in knowing how to make a rehab or construction project successful.
Once Direct Lending Partners pre-approves you for your new funding, you will no longer have to look anywhere else for your funding needs!
|Property Type||Single Family Residential 1 to 4 Units|
|Purpose||Acquisition: Build to Sell | Build to Refi|
|Location||AL, CO, CT, DC, DE, FL, GA, ID, IL, IN, KS, KY, LA, MD, MO, NC, NE, NJ, NY, OH, OK, PA, RI, SC, VA, WA, WI, WV, WY, UT; other states are case-by-case and subject to adjusted pricing and guidelines|
|Exit||Sale or Refinance|
|Leverage||Up to 100% of Vertical Construction Costs and Max 65% ARV|
|Interest Rate||Rates from just 8.49%|
|Loan Term||6 Months|
|Loan Extensions||Up to 6 Months|
|Upfront Appraisal & Inspection fee||$895 (pass-through cost)|
|Loan Origination Points||as low as 2%|
|Processing & Underwriting fee||as low as $895 (paid at settlement)|
|Draw Management fee||1.5% of construction holdback, minimum $500|
|Draw Inspection fees||$425 per draw|