Get Started With Express Funding
Unlock the potential in real estate investing with our tailored commercial loan program for residential properties. Designed specifically for investors, our flexible financing solutions empower you to expand your portfolio with competitive rates and streamlined approvals. Achieve your investment goals faster with support from our expert lending team.
- Quick and easy approval process
- Light documentation requirements
- Flexible terms tailored to your investment strategy
- Competitive interest rates designed for residential investments
- Expert support throughout the loan process to help you succeed
Build your single family rental and investment portfolio with express lending.
Connect with Us
Contact one of our Loan Advisors to start the application and document collection process.
Get Funded
We are highly experienced in single family rental and residential property lending. Get pre-approved today.
Program Overview
| Loan Amount | $250k – $5M |
| Loan Types: | Acquisitions, Refinances, Cash-Out Refinances |
| Property Types | Investment Residential (Multi Unit), Short-Term Rentals (AirBNB, VRBO, etc.) |
| Max LTV | Up to 70% |
| Rates | 12%+ |
| Term | Year Fixed | Hybrid Options Available |
| Amortization | 12-24 months w/ 6 month extension available |
| DSCR | .75x+ (Minimum) |
| Lender Fee | 2-3 pts |
| Borrowers | Single Purpose Entities, Corporations, etc. |
| Markets | Texas |
| Prepay Penalties | Case by Case Basis |
| Doc Type | Light |
| Average Closing Time | 15-30 Days |
Industry Leading Lender
Propel Real Estate Capital and it’s affiliates have lent millions in asset based funding throughout Texas. We have the industry expertise to successfully manage and close your next project. Reach out today at (855) 202-3726.
Required Documentation
To help you get started these are some of the documents you may be required to present as part of the loan underwriting process. Other documentation may also be required.
PROPERTY DOCUMENTS
- Purchase Contract
- Payoff Statement (if Refinance)
- Plans & Permits
- Sources & Uses of Funds
- Scope of Work
- Appraisal & Feasibility Report
PERSONAL DOCUMENTS
- Loan Application (Download)
- Track Record (Download)
General Contract Resume - Last 3 Months of Bank Statements
- Driver’s License (Front & Back)
- Passport/Visa (if Foreign National)
BUSINESS DOCUMENTS
- Articles of Incorporation
- Operating Agreement (LLC) or Bylaws (Corp.)
- EIN Letter