Grit Lending Solutions

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
Program Code	LG514

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
Program Code	LG513

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.