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.
- 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.
|Line of Credit Facility Terms|
|Line of Credit Facility Size||$500,000 – $20,000,000+|
|Lenght||12 – 24 Months|
|Line of Credit Origination Fee||0.5% to 1%|
|Legal Fee||$2,500 (one time fee)|
|Loan Terms Within Line of Credit|
|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, IA, ID, IL, IN, KS, KY, LA, MD, MI, MO, NC, NE, NJ, NY, OH, OK, PA, SC, TN, TX, UT, VA, WA, WI, WV, WY; 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|
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