RedLine Funding closes most loans within 2-5 days after completion of an appraisal of the property.

Because every loan package must contain an appraisal, an appraisal fee is usually required. (In some special cases a previously completed appraisal will be accepted.) The appraisal fee is typically the only up-front cost incurred by the borrower. Appraisals of residential properties typically range from $400 to $500 dollars. Appraisal costs for commercial properties are dependent on the size and type of the property. 

First; call our office, discuss your loan scenario with one of our consultants and receive a verbal quote. If you decide to move forward, we will typically require a “Residential 1003” form along with other property specific documents.

Since many of our loans are funded by private sources, we are not limited to the credit requirements typically set by banks. Thus low credit scores will not stop us from approving a loan. Thus, we often qualify clients with credit scores as low as 580 FICO

 Our typical loan amount ranges from $50,000 to $3,000,000.

We will consider any scenario in which the loan is secured by real property, however we will not consider business, personal or equipment loans. The property types that we prefer lending on are:

·         Apartment complexes

·         Warehouses

·         Single family residences

·         Retail centers

·         Unimproved land

·         Churches

We will consider loans on properties throughout Texas, but prefer loans on properties in:

·         Houston and surrounding areas

·         Austin and surrounding areas

·         Dallas Fort Worth area

·         San Antonio area

We are experts in providing financing options for clients that can’t find traditional, bank financing. Because of the current economic climate banks are not lending as in times past. Because our lending sources are not banks, but rather high net-worth individuals we are willing to originate loans that banks won’t. Our lending sources allow us to provide our clients with:

• Fast response times. – We pre-underwrite the loan in 24 hours
• Fast Closing times – We close loans quickly
• Financial flexibility – We have lending programs that require little to no financial documentation on the borrower.