Pro-Line of Credit

Rates as low as 8.49%

Don’t let capital constraints hold you back from doing 2, 3, even 4 times as many deals. With a Rehab Line of Credit from Direct Lending Partner, you’ll have confidence and strength in negotiating deals, with no more questions of “can I finance this?” Direct Lending Partner is prepared to grow with you and support all of your funding needs.

Benefits

  • Fund up to 100% of your acquisitions.
  • Proof of funds for all offers.
  • Line of credit from $500,000 to $10 million.
  • Interest rates from just 8.49%.
  • Reduced due diligence fees.
  • Reduced origination points paid per closing. On average, 50% reduction in points.
  • Ability to cross-collateralize.
  • FAST underwriting.

Overview

Property Type Single Family & Multi-Family; Commercial is considered but case by case pricing and structure
Purpose Acquisition: Fix2Flip and Fix2Rent | Good News Loan
Location AL, CT, DE, DC, FL, GA, IL, IN, KY, LA, MD, NC, NJ, OH, PA, RI, SC, WV, VA; other states are case by case and subject to adjusted pricing and guidelines
Exit Sale or Rent & Refinance
One Time Legal Fee $2,500
Interest Rate Rates from just 8.49%
Length 12 Months
Loan Origination Points per Loan Funding from 2*
Loan Origination Fee from $995
Draw Management Fee Just 2.5% of rehab amount, maxed at $1,500
Draw Inspection Fees $0
Legal Fees $0
Misc./Junk Fees $0

Don Wenner, CEO, and the Lending Team of Direct Lending Partner have funded more than 800 residential renovations over the past 7 years and are experts in knowing how to make a rehab project successful.

Once Direct Lending Partner pre-approves you for rehab funding, you will no longer have to look anywhere else for your funding needs!

*Subject to change based on actual loan terms, asset, and borrower qualification

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