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.
- 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.
|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%|
|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|
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