Preferred 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 Preferred Line of Credit from Direct Lending Partners, 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 New Construction | Fix2Flip and Fix2Rent | Cash Out Refinance
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
Loan Term 6 Months
Loan Extensions Up to 6 Months
Interest Rate as low as 8.49%
Upfront Appraisal fee $595 (pass-through cost)
Loan Origination Points as low as 1%
Processing & Underwriting Fee $895 (paid at settlement)
Draw Management Fee $0
Draw Inspection Fees $295 per draw
Misc./Junk Fees $0

Don Wenner, CEO, and the Lending Team of Direct Lending Partners 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 Partners 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