Fast Funding.Right On The Money.
REI Bankers is a local private hard money lender offering fast and flexible real estate financing solutions to investors in the Greater Houston, TX, area.
7 steps to guaranteed hard money loan approval. Get a FREE copy of the Hard Money Playbook.
Understanding Hard Money Loans
Why Hard Money?
When it comes to real estate investing, timing is crucial. Unlike traditional banks, hard money lending offers swift access to the funds you need. With REI Bankers by your side, you'll have the financial edge to capitalize on profitable ventures, renovate properties, or take advantage of time-sensitive deals.
What it really means.
Unlike traditional lenders, hard money lenders focus on the property's value rather than credit scores, making them accessible even with poor credit history. These loans are especially popular among real estate investors and property developers, providing flexible financing options for fix-and-flip projects, distressed properties, and short-term investments. With faster approvals and customizable terms, hard money loans empower you to seize real estate opportunities with confidence.
Is it right for me?
If you’re seeking quick access to funds for a time-sensitive real estate opportunity, a hard money loan is your ideal solution.
- Private hard money lenders typically close much faster than traditional banks.
- Hard Money loans are backed by the underlying asset and often require less up front capital.
- Hard Money lenders require less documentation compared to traditional lenders, streamlining the application and approval process.
Simple Loan Process
Close in 10 days (or less)
1.
APPLY
Fill out and submit a simple loan application online and provide some basic information about the deal.
2.
PROCESS
REI Bankers will open a file, request some basic documentation and begin processing the information
3.
UNDERWRITE
We will review final scope of work and confirm any final project details needed. Upon completion, a loan commitment letter will be provided.
4.
FUND
Once close date is established, all loan documents are finalized and sent for review.
5.
SERVICE
Repair/Construction draw requests are submitted online through our borrower portal and promptly released after we inspect.
6.
SELL OR REFINANCE
Once your loan has been repaid we will provide and record a release of lien and your loan will be completed.
Loan Programs
FIX & FLIP
Up to 65% ARV
6 Month Terms
12.99% Interest Rate
2.99% Origination Fee
Please fill out our simple loan application
NEW CONSTRUCTION
Up to 70% ARV
9 To 12-Month Terms
12.99% Interest Rate
2.99% Origination Fee
Please fill out our simple loan application
LOTS & LAND
Up to 60% ARV
6 to 9 Month Terms
12.99% Interest Rate
2.99% Origination Fee
Please fill out our simple loan application
2.
PROCESS
REI Bankers will immediately open a file and begin processing the information and will 2 request some basic additional documentation.
3.
UNDERWRITE
REI Bankers will work with you to confirm your purchase price, review your scope of work for repair budget and calculate the estimated after repair value.
4.
FUND
When a closing date has been confirmed we will finalize all loan documents and will send the to you and the title company for review.
5.
SERVICE
If your hard money loan is a rehab/construction loan, you will most likely have to establish a construction escrow with the Lender. REI Bankers generally require 3-4 draws. At each completion phase, a draw inspection must be conducted and 5 arranged by REI Bankers before draw will be released.
6.
SELL OR REFINANCE
Within the pre-determined loan term, you must sell or refinance the property to make certain the lender receives a full payoff of his or her loan. If you planned and executed your acquisition and exit strategy appropriately, you should be walking 6 away from the project with a big payday.
HAVE ANY QUESTIONS?
For more information on our loan process, click on 'More Information' below. If you have any other questions, don't hesitate to reach out to us on our contact page.
Referral Program
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VISIT OUR BLOG
REI Bankers Blog
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