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