Loan Programs

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.

Investment Residential Express

Low rates, light documentation (no income verification) and a reliable and speedy process from application to close for 1-4 unit properties.

Click to expand Residential Express program details

Property Types: Investment Residential (1-4 Unit), Short-Term Rentals (AirBNB, VRBO, etc.)
Loan Amounts: $250k – $5mm
Loan Types: Acquisitions, Refinances, Cash-Out Refinances
Max LTV: 80%
Rates: 4.5%+
Term: 30 Year Fixed | Hybrid Options Available
Amortization: 30 Years | IO available
DSCR: .75x+ (Minimum)
Lender Fee: 1-2 pts
Borrowers: Single Purpose Entities, Corporations, Foreign Nationals, etc.
Markets: Nationwide (Including tertiary markets) Except ND and SD
Prepay Penalties: Flexible, 36 Month Standard, No Prepayment Penalty Option Available
Doc Type: Full
Average Closing Time: 15-30 Days

Multifamily & Mixed-Use Express

Low rates, light documentation (no income verification) and a speedy process for small MF & MU properties (up to 8 units)

Click to expand Multifamily & Mixed-Use program details

Property Types: Multifamily (up to 8 Units), Mixed-Use (Minimum Half Residential)
Loan Amounts: $250k – $5mm
Loan Types: Acquisitions, Refinances, Cash-Out Refinances
Max LTV: 75%
Rates: 4.99%+
Term: 30 Year Fixed | Hybrid Options Available
Amortization: 30 Years | IO available
DSCR: 1.0x+ (Minimum)
Lender Fee: 1-2 pts
Borrowers: Single Purpose Entities, Corporations, Foreign Nationals, Trust, etc.
Markets: Nationwide (Including tertiary markets) Except ND and SD
Prepay Penalties: Flexible, No Prepayment Penalty Option Available w/ Rate Adjustments
Doc Type: Light (No personal income verification)
Average Closing Time: 15-30 Days

Bridge & Value-Add

Traditional Bridge Lending solution for commercial or investment residential properties in transition.

Click to expand Bridge & Value-Add program details

Property Types: Multifamily, Mixed-Use, Office, Industrial/ Warehouse, Self-Storage, Investment Residential
Loan Amounts: $250k – $2.5mm
Loan Types: Acquisitions, Refinances, Cash- Out Refinances, Value-Add
Max LTV: 70% (Up to 75% of stabilized value)
Rates: 8.99%+
Terms: 12 – 24 Months (Extensions Available)
Amortization: Interest Only
Lender Fee: 2 pts (standard)
Markets: Texas
Prepay Penalties: Varies
Average Closing Time: 2-5 days after appraisal receipt
Exit: Must have clear exit strategy

Flex Capital

For Texas properties that need flexible loan solutions using an asset-based, “common sense” approach.

Click to expand Flex Capital program details

Property Types: Multifamily, Mixed-Use, Office, Industrial, Self-Storage, Retail, Mobile Home Communities, Investment Residential
Loan Amounts: $250k – $2.5mm
Loan Types: Acquisitions, Refinances, Cash- Out Refinances, Value-Add, Bridge
Max LTV: 65% (Up to 75% of stabilized value)
Rates: 10-13%
Terms: 24-60 months with balloon payment due at maturity
Amortization: 20 years | I/O available with 2 year max
Lender Fee: 2-4 Pts
Markets: Texas
Prepay Penalties: 2%, 1% (Declining Yearly)
Average Closing Time: 2 Weeks
Minimum FICO score: 550

Transactional Funding

Larger balance transactional funding available for Wholesalers, Flippers & Brokers.

Click to expand Transaction Funding program details

Property Types: Commercial & Investment Residential
Loan Amounts: $500k – $5mm
Lender Fee: Assessed on case by case basis (2-4 points standard)
Markets: Texas
Requirements: Must have both A – B & B – C contracts in place with clear title. Closings must occur on the same day with A-B funds released post B-C closing

Propel Real Estate Capital Lending Parameters

Rate Considerations
Dependent on LTV, DSCR, Real Estate Asset, Borrower Experience

Minimum Credit Score
600

Ineligible Properties
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.

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