Phone: 610-232-7540
Address: 701 W Broad St. Bethlehem PA 18018
Website: https://directlendingpartner.com/
Email: info@directlendingpartner.com
States They Lend In: Florida, Pennsylvania, and New Jersey
Real Estate Loans & Rehab Funding
Direct Lending Partner offers a variety of real estate loans and rehab funding to best fit your needs. Each loan has its own terms and guidelines. To see the terms and guidelines for each real estate loan type, please click the links below for the loan that pertains to your needs.
Rehab Funding
Direct Lending Partner provides Rehab Funding, primarily for the purchase and renovation of residential single-family homes.
Rehab Line of Credit
With a Rehab Line of Credit from Direct Lending Partner, you’ll have confidence and strength in negotiating deals, with no more questions of “can I finance this?”
Bridge & Mezzanine Funding
Direct Lending Partner provides bridge & mezzanine funding to experienced real estate investors on a case-by-case basis. If you need the funds to bridge yourself to get a real estate project complete and/or refinanced with a permanent lender institution, or mezzanine funding to secure supplementary financing for development projects, give us a call.
Commission Advance for Real Estate Agents
We can fund real estate agents within 24 hours of your request! We will advance you your commission on any real estate closing in the next 60 days.
Joint Venture Funding
Direct Lending Partner will fund 100% of all expenses of the real estate project. You keep 90% of all profits and Direct Lending Partner keeps 10%.
Residential Rehab Funding
Direct Lending Partner specializes in rehab funding, primarily for the purchase and renovation of residential single-family homes. We will also fund multi-family rehab projects and even commercial projects on a case-by-case basis. Direct Lending Partner is the easiest and most reliable source of rehab funding for all of your renovations and real estate investments. We focus on providing our borrowers the capital they need to do their residential rehab projects, but also the support, experience, and knowledge to help make these renovation projects profitable.
Don Wenner, CEO, and the Lending Team of Direct Lending Partner have funded more than 800 residential renovations over the past 7 years and are experts in knowing how to make a rehab project successful.
Once Direct Lending Partner pre-approves you for rehab funding, you will no longer have to look anywhere else for your funding needs!
Residential Rehab Funding Terms
- Loan Request Response Time: 24 hours
- Closing Time: 5 days – 20 days
- Loan Types: First position mortgage, deed of trust
- Loan Amounts: Up to $2,000,000
- Loan to Value: Up to 70% of after repair value
- Credit Score: Minimum NA
- Minimum Borrower Investment for Purchase: 10%
- Property Types: Single Family Homes, 1-4 Family, Mixed Used, Commercial Case-by-Case
Rate: 12%-14.99%
Points: 3-6 Points
Fees: $895 commitment.
Document Prep: $500
Rehab Escrow Fee: $300
Inspection: $150 per inspection
Appraisal: $300-$400
Rehab Line of Credit
Don’t let capital constraints hold you back from doing 2, 3, even 4 times as many deals. With a Rehab Line of Credit from Direct Lending Partner, you’ll have confidence and strength in negotiating deals, with no more questions of “can I finance this?” Direct Lending Partner is prepared to grow with you and support all of your funding needs.
Benefits
- Fund up to 100% of your acquisitions.
- Proof of funds for all offers.
- Line of credit from $250,000 to $1 million. Larger lines available upon request.
- Interest rate reduction of nearly 2%.
- Reduced due diligence fees.
- Reduced origination points paid per closing. On average, 50% reduction in points.
Terms
- 1 origination point on Line of Credit limit.
- 2 origination points per loan funding.
- 1.1% interest per month on the cumulative outstanding principle balance of all notes.
- Can be used for residential 1-4 family investment property purchases throughout PA, NJ and FL for the purpose of flipping or renting and refinancing. Commercial properties case by case.
- Use credit to fund the greater of 70% of the after repair value (ARV) of any property purchased or 65% of the ARV of all properties collateralized on the line of credit.
- Ability to cross collateralize properties already owned and fund up to 100% of all costs in acquisitions and renovation.
Bridge & Mezzanine Funding
Bridge & Mezzanine Funding Terms
Loan Request Response Time: 24 hours
Closing Time: 5 days – 20 days
Loan Types: 1st or 2nd position mortgage, deed of trust
Loan Amounts: Up to $2,000,000
Loan to Value: Up to 75% of after repair/improvement value
Credit Score: Minimum NA
Minimum borrower investment for purchase: 10%
Property Types: Single Family Homes, 1-4 Family, Mixed Used, Commercial case by case
Rate: 13-15.9%
Points: 3-6 Points
Fees: $895 Commitment. $300-$500 appraisal/broker-price opinion.
Document Prep: $500-$1,000
Rehab Escrow Fee: $300
Inspection: $150 per inspection
Joint Venture Funding & Partnership
- Direct Lending Partner will fund 100% of the purchase price and renovation expenses
- Direct Lending Partner will take possession of the property through one of our affiliate entities
- Direct Lending Partner’s affiliated entity will provide you with a partnership agreement for the project
- You will manage the renovation and sale of the property
- Direct Lending Partner receives our normal rate and fees for funding the deal
- You keep 90% of all profits and Direct Lending Partner keeps 10%
Joint Venture Funding Terms
- Loan Request Response Time: 24 hours
- Closing Time: 5 days – 20 days
- Loan Types: 1st position mortgage, deed of trust
- Loan Amounts: Up to $2,000,000
- Loan to Value: Up to 75% of appraised after repair value
- Credit Score: Minimum NA
- Minimum borrower investment for purchase: 6% of total deal cost
- Property Types Single Family Homes, 1-4 Family, Mixed Use, Commercial case by case
- Note: If JV Direct Lending Partner takes ownership of property and shares in profits with borrower via a Joint Venture agreement. Direct Lending Partner and affiliates
fund up to 94% of all capital in the deal. Borrower is responsible for the points and the 2% JV Program fee paid at closing. - Rate: 14.99%
- Points: 4-6 Points
- Fees: $895 Commitment; JV Program Fee: 2%
- Document Prep: $500
- Rehab Escrow Fee: $300
- Inspection: $150 per inspection / * Paid upon sale or refinance of property
Hello!
I’m bursting at the seems…There is a great deal in my area on a house that is on a million dollar street….Asking is no in the 500’s … Foreclosed on & NO DAMAGE just need updating! Someone is going to make a lot of money on it! I want it to be me however, I am just getting started n this journey & need help with funding but can take care of the rest!
Please help in a joint venture!
Thank You,
Jennifer A