Rates as low as 9.99%
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 & Multi-Family; Commercial is considered but case by case pricing and structure|
|Purpose||Acquisition: Fix2Rent | Good News Loan|
|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||Rent and refinance|
|LTC (Purchase + Renovation)||Up to 90%|
|LTV of After Repair Value||Up to 70%|
|Interest Rate||Rates from just 9.99%|
|Loan length||6 Months|
|Loan Origination Points||from 3|
|Loan Origination Fee||from $995|
|Draw Management Fee||Just 5% of rehab amount, maxed at $2,500|
|Draw Inspection Fees||$0|