A program available for all your lending needs
We can help you get cash out of your property, rehab your property to increase its value, or use equity in an existing property to acquire another property. Whatever your real estate goals are let Propel Real Estate Capital help you achieve them.
Min 640 FICO / DSCR 1.1 / LTV 65% -75%
Bank Statement Elite
3 Months bank statements / P&L 1yr / DSCR 1.1 / LTV up to 65% / FICO 640
Bank Statement Plus
6 Mo. Bank Statements / P&L 2yr / DSCR 1.1 / LTV up to 50% / FICO 550
Full Doc / 50% of funds up front / DSCR 1.1 / LTV up to 60% / Min 650 FICO
Propel Real Estate Capital Lending Parameters
Lending Areas, Texas Counties
Bexar, Cameron, Collin, Dallas, Denton, El Paso, Fort Bend, Hays, Harris, Hidalgo, Montgomery, Tarrant, Travis, and Williamson.
(Outside county case by case approvals)
LTV Max/ DSCR min
60% vacant/ 70% improved and non-vacant- DSCR of 1.0 / 75% LTV Max exceptions available
Dependent on LTV, DSCR, Real Estate Asset, Borrower Experience
Minimum 2 year – Max 5 year
Amortizing Balloon of 20 year
Income producing Multi-Family, Mixed Use, Office, Retail, Light Industrial/ Warehouse, Commercial, Condo, Vacant Lots (case by case)
2% in year 1; 1% in year 2, 0% after
Minimum Credit Score
Ineligible properties include, but are not limited to: funeral homes, gas stations, churches, junk yards, submerged land, RV sites, assisted living facilities, railroad facilities, dairy farms, feed lots, cemeteries, land with environmental contamination, prisons, recycling centers, casinos, or an unbuildable parcel.