- Dennis Rook
Rehab Loan | |
Property Types | 2-4 Units, SFR |
Lendding Area | texas |
Loan amount Minimum | $50,000 |
Loan amount Maximum | $500,000 |
Interest Rate Minimum | 11% |
Points Minimum 1st TD | 1 |
Terms | 1 year, 18 month, 6 month, 9 months |
Typical Days Required to Fund | 11-15 Business days |
Interest Only or Amortized | Interest Only |
Fees | Loan Documents |
Lien Position | 1st |
Prepayment Penalty | No Prepayment Penalty |
Intended Occupancy | Vacant, Tenant |
Recourse | Recourse |
Updated as of | 2024-04-29 |
Bridge Loan | |
Property Types | 2-4 Units, SFR |
Lendding Area | texas |
Loan amount Minimum | $50,000 |
Loan amount Maximum | $500,000 |
Interest Rate Minimum | 11% |
Points Minimum 1st TD | 1 |
Terms | 1 year, 18 month, 6 month, 9 months |
Interest Only or Amortized | Interest Only |
Fees | Loan Documents |
Lien Position | 1st |
Intended Occupancy | Vacant, Tenant |
Updated as of | 2024-04-29 |
Summary of all Guidelines | |
Loan Types | Bridge Loan, Rehab Loan |
Property Types | 2-4 Units, SFR |
Lendding Area | texas |
Loan amount Minimum | $50,000 |
Loan amount Maximum | $500,000 |
Interest Rate Minimum | 11% |
Points Minimum 1st TD | 1 |
Terms | 1 year, 18 months |
Interest Only or Amortized | Interest Only |
LTV Bridge | 80 |
LTC Construction | 85 |
Upfront Fees | Document Review, Underwriting |
ARV Rehab & Construction | 65 |
LTC Rehab | 100 |
Personal Guarantee /Recourse Required | Personal Guarantee Required / Recourse |
Intended Occupancy | Vacant |
Grit Lending Solutions is located in Magnolia, Texas. They offer financing for Bridge Loans and Rehab Loans. The property type they primarily lend against is SFR and 2-4 Units. Their minimum loan amount is $50,000. Their maximum loan amount is $500,000. They offer loans for a minimum Term of 6 months. Maximum duration of 1 year;18 months. Although rates can change they are typically lending at a minimum rate of 11%. Points charged are deal specific, but historically have charged a minimum of 1.
These descriptions are limited information and meant for general reference purposes.
18640 FM 1488 Rd, Suite A258
Magnolia,
Texas
77354-8516
![](https://lendding.com/wp-content/uploads/2023/05/lendding-loan-info.png)