Property Geographic Area Details
Texas
Loan Amounts
$20,000 to $5,000,000
Interest Rates
9.9% to 13.9%
Loan Terms
3 months to 24 months
Origination Fees
1.5% to 5%
Lien Position
1st
Collateral Types
  • Residential Property
  • Commercial Property
  • Commercial Property Ground Lease
Loan Purpose
  • Investment Acquisition
  • Investment Refinance
  • Improve Subject Property
Property Occupancy
  • Vacant
  • Tenant Occupied 100%

Property Types

  • 2-4 Units Residential
  • Assisted Living Facility
  • Commercial Land
  • Condominium
  • Hotel
  • Mobile Home Park
  • Multifamily
  • Office
  • Portfolio of Residential Properties
  • RV Park
  • Retail
  • Single Family Residence
  • Storage Facility

Loan Types

  • Hard Money
  • Residential Fix and Flip
  • Residential Rehab and Rent

Specialty Loan Types

  • Transactional Funding

Land Types Considered

  • Residential Land
  • Industrial Land
  • Office Land

Will Consider Land That is NOT Entitled

no

Max LTV for Land

0%

Max LTC for Land Acquisition

0%
We also allow borrowers to use credit lines for their down payment and private lenders that are willing to lend in 2nd line position.

Max Loan-to-Purchase Price

100%

Borrower Must Have Property Under Contract

no

Will Provide Proof of Funds Letter

yes

Will Consider Lending on Purchase from Auction

yes

Allowed Source of Borrower’s Equity

  • Own Cash
  • Partner
  • Gap Lender
Rehab funds draw typically take 2 to 5 business days.

Experience Required

no

Minimum Number of Value-Add Projects Completed by Borrower

0

Will Provide Funds for Renovation Costs

yes

Max LTC for Renovation Costs

100%

Interest Charged for Renovation Costs

Entire Amount of Total Project Costs

Typical Number of Days for Funds Draw

5

Maximum After Repair Value

70%

Processing Fee

At the time the loan originates the total fees including Processing are $780.00

Documents Fee

Doc fee ranges for the type of loan. Residential Single Family/Multi Family is $375.00

Appraisal Fee

They typical Sigle Family/Multi- Family cost is $450.00 Anything on a rush or larger properties will add additional cost.

Minimum Origination Fee Amount

$2,500

Fees which are paid to a third party company

  • Legal Fee
  • Title Fee

Details and Requirements

Typical Closing Time (Days)

10

Fastest Closing Time (Days)

5

Payment Structure
  • Interest Only
Pre Payment Penalty

no

Will lend to a foreign national

yes

Will Allow Junior Position Mortgage(s) Behind Our Senior Mortgage

yes

Will Consider Collateralizing Multiple Properties in One Loan

yes

Will Consider Equity Joint Venture

yes

Borrower Entity Types Considered
  • Individual(s)
  • LLC
  • Limited Partnership
  • Corporation
Documentation Required
  • Credit Report
  • Bank Statements
  • Loan Application
Personal Guaranty (Recourse) Required
Always
Credit Check Required

yes

Credit Check Description

Minimum Credit Score only if the loan is a Buy Rehab and refinance.

Appraisal Required for Residential Property

Always

Appraisal Required for Commercial Property

Always

Broker Price Opinion (BPO) Accepted for Residential Property

Sometimes

Broker Price Opinion (BPO) Accepted for Commercial Property

Sometimes

Contact Jet Lending

Jet Lending pays us to be listed, so there is no fee to connect with them directly.

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Jet Lending, LLC was founded on January 1, 2004 for the purpose of assisting real estate investors in their purchase of property quickly with as little cash out-of-pocket as possible. We loan money for the purchase and escrow additional funds for repairs. We have originated more than 2,000+ loans for real estate investors in the Houston area, totaling over $250,000,000. We originate loans for investors for rehabbing, reselling, or holding investment property for rentals. We approve loans to investors of all experience levels from first time investors to the seasoned professionals. Our intent is to make investment loans for individual investors simple and quick. All of our underwriting decisions are made in-house; therefore, they are made quickly. Closing normally takes about 7-10 days, but we can close faster in some instances. We evaluate your deals free of charge and let you know our thoughts as to value, cost of repairs, and potential loan amount. We are interested in lending money for all “common sense” loans secured primarily by non-owner occupied single family residences. Other income producing properties and small commercial deals will also be considered. We are Houston’s fast and friendly hard money source.  We specialize in the Houston real-estate market.  We also have programs to help wholesalers.

Year Established

2004

Associations

  • American Association of Private Lenders - Member

Office Locations

Jet Lending LLC
1419 FM 1960 EAST, Houston, Texas 77073

Primary Capital Source
  • Own Funds
Alternative Capital Sources
  • Individual Investors
  • Bank Credit Line
Loan Structure for Majority of Loans
  • One Investor One Loan

Contact Jet Lending

Jet Lending pays us to be listed, so there is no fee to connect with them directly.

Stay Informed About Private Lending

Receive our monthly newsletters with valuable insights and industry updates
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BEFORE YOU CONTACT THIS LENDER

Our Minimum Loan Amount Is

$20,000

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