Real Results, Real Fast
By partnering with reQuest Capital, you get 100 percent financing for the purchase and repairs
of non-owner-occupied houses, allowing you to close as fast as 48 hours from clear title.
Unlike other funding brokers who must find investors for each deal, reQuest has money available
immediately when we commit to the loan.
Because our investment includes a reasonable point allotment, you make INTEREST-ONLY payments
until the end of the 12-month note. And because we build the cost for property rehabilitation
and repair into the loan amount, you can focus your time and efforts on getting the house ready
for optimal resale without worrying about how to pay for it. We also provide draws for materials
and labor costs within 48 hours, allowing you to keep the project moving and your contractors happy.
WE LEND ON SINGLE FAMILY AND MULTI-FAMILY RESIDENTIAL PROPERTIES IN THE DALLAS/FORT WORTH
AREA WITH PROPERTY VALUES RANGING FROM $75,000 TO $1 MILLION.
reQuest's fast and effective program allows you to move forward with confidence.
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REHAB TO RESALE
Designed for rehabbers who wish to buy, rehab, and resell.
Terms
- Loan amounts up to 75% of After-Repaired Value
- Term: 12 months
- Interest Rate: 14%
- Fees: 4 points + processing, inspection, value assessment, doc prep, recording
- No Survey or Appraisal required on most properties
Borrower Requirements
- Loan request forms must be submitted
- Contract required
- Full disclosure of any double closes or assignments
- Last two months' bank statements
- 1003 submitted (first loan only)
- Credit may be reviewed
- Pre-inspection fee required in advance
- Small down payment may be required depending on factors of deal
- Rehab must be complete within 90 days of loan funding
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DOWN PAYMENT PROGRAM
Designed for rehabbers who can contribute their own cash to a project.
Terms
- Borrowers bring a down payment equal to 10% of the purchase price or 10% of loan amount
if rehab funds requested
- Max loan ratio is 65% of After-Repaired Value
- Repairs cannot exceed 10% of ARV, or max loan will be reduced
- Interest Rate: 12%
- Fees: 4 points + processing, inspection, value assessment, doc prep, recording
- No Survey or Appraisal required on most properties
Borrower Requirements
- Loan request forms must be submitted
- Contract required
- Full disclosure of any double closes or assignments
- Last two months' bank statements
- 1003 submitted (first loan only)
- Credit may be reviewed
- Pre-inspection fee required in advance
- Rehab must be complete within 90 days of loan funding
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NO REHAB FUNDS REQUESTED
Designed for rehabbers who can fund their own rehab.
Terms
- Max loan ratio is 65% of After-Repaired Value
- Repairs cannot exceed 10% of ARV, or max loan will be reduced
- Interest Rate: 12%
- Fees: 4 points + processing, inspection, value assessment, doc prep, recording
- No Survey or Appraisal required on most properties
Borrower Requirements
- Loan request forms must be submitted
- Contract required
- Full disclosure of any double closes or assignments
- Last two months' bank statements
- 1003 submitted (first loan only)
- Credit may be reviewed
- Pre-inspection fee required in advance
- Rehab must be complete within 90 days of loan funding
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QUICK TURN FUNDS
Designed for wholesalers who turn properties quickly.
Terms
- Purchase only
- No assignments funded on back end of double-closing
- Must be verifiable experienced wholesaler
- Max loan ratio: 60%
- Interest Rate: 12%
- Fees: 2 points + processing, inspection, recording
- 60-day call, extension fee 1 point for each month + interest payments
Borrower Requirements
- Loan request forms must be submitted
- Contract required
- Last two months' bank statements
- 1003 submitted (first loan only)
- Credit will be reviewed - 660 Minimum FICO
- Pre-inspection fee required in advance
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REHAB TO RENTAL - "LONG TERM EQUITY BUILDER"
Designed for investors who wish to convert Hard Money Loans into permanent financing.
Terms
- Standard hard money Loan Program will be converted to permanent loan
- Prior to conversion, borrower must complete rehab and provide lease signed by tenant
- Permanent loan terms will be determined at time of conversion
- Fees to be determined based on buyer qualifications
- Appraisal and survey required
- Interest Rate: 8-10%
- 620 and up FICO scores
- Full documentation may be required
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