Why Borrow With Passive Progress?


Borrow

When you have an important real estate transaction or are in need of investment property loans, you need a reliable source of funding that is also experienced, friendly, and committed to making the entire process as painless as possible.
Passive Progress is the source you can count on! We are a fast growing private lender in North Texas and our network has originated over 500 loans since 2008 to borrowers like you. Find out how we can help you achieve your goals today.
Unlike conventional lenders, private money lenders offer fast, highly reliable financing based on holistic factors. We like hearing about the story. If you are in search of a lender that can make unorthodox residential real estate loans, real estate investment loans or bridge loans, and you’re not having a lot of luck with the big banks and corporations, give us a call.

General Lending Parameters

Below are general lending guidelines we use to evaluate each borrower’s loan scenario. Equally important is the “story” behind the scenario.

Loan Types

Types of Properties

Loan Amounts

Loan-to-Value

Lien Position

Interest Rates

Origination Fees

Doc/Processing Fees

Loan Term

Valuation Method

Borrower Types

Closing Timeframes

Lending Area

Other

Below are general lending guidelines we use to evaluate each borrower’s loan scenario. Equally important is the “story” behind the scenario.
Single family homes, apartments, residential developments, unimproved land  
$50,000 to $1,000,000*  
80% LTV in most cases. Higher LTV, ARV-based and participation loan options available.    
1st    
9.5% to 13%      
1.5% to 3%, depending on loan size, LTV, maturity
$1050
6 months to 60 months (for consumer purpose loans)  
Appraisals or BPO’s not generally required, certain exceptions apply  
Individuals, Trusts, LLCs, Corporations  
7 – 14 days (longer when TRID rules apply)  
Texas  
No upfront fees    

Loan Types

Below are general lending guidelines we use to evaluate each borrower’s loan scenario. Equally important is the “story” behind the scenario.

Types of Properties

Single family homes, apartments, residential developments, unimproved land  

Loan Amounts

$50,000 to $1,000,000*

Loan-to-Value

80% LTV in most cases. Higher LTV, ARV-based and participation loan options available.

Lien Position

1st   

Interest Rates

9.5% to 13%

Origination Fees

1.5% to 3%, depending on loan size, LTV, maturity

Doc/Processing Fees

$1050

Loan Term

6 months to 60 months (for consumer purpose loans)

Valuation Method

Appraisals or BPO’s not generally required, certain exceptions apply

Borrower Types

Individuals, Trusts, LLCs, Corporations  

Closing Timeframes

7 – 14 days (longer when TRID rules apply)  

Lending Area

Texas  

Other

No Upfront Fees







Contact Us About Your Loan Needs Today!