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BRRRR loans in Texas
Buy, rehab, rent, refinance, repeat. Our DSCR cash-out refinance handles the refinance step, with no seasoning and up to 80% of the new value.
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Qualify on the rent, not your income. Send the deal and a loan officer follows up with your rate and terms.
Estimate only. Loan amount is up to 85% of the purchase price on purchases, or up to 80% of the appraised value on cash-out refinances. Minimum loan $150,000. Rate and final terms depend on the property, the rent and your credit. Business-purpose loans on investment property in Texas.
Where we fit in the BRRRR
You buy and rehab with cash or a short-term loan. Once the property is rented, we refinance it into a long-term DSCR loan at up to 80% of the after-rehab appraised value. That pays off the short-term loan and can return your cash for the next deal.
Why no seasoning matters
Many lenders make you wait 6 to 12 months before they will use the new value. We do not, so your cash comes out as soon as the rehab is done and the property is rented. See no seasoning cash-out refinance.
Questions investors ask
Can I refinance right after the rehab?
Yes. We do not require seasoning.
Do I need a tenant in place?
Tell us where the property stands. A current lease or the appraiser’s market rent is used to qualify the loan.