Jet Lending, LLC
Houston, Texas
Property Geographic Area Details
Loan Amounts
Interest Rates
Loan Terms
Origination Fees
Lien Position
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
noMax LTV for Land
0%Max LTC for Land Acquisition
0%Max Loan-to-Purchase Price
100%Borrower Must Have Property Under Contract
noWill Provide Proof of Funds Letter
yesWill Consider Lending on Purchase from Auction
yesAllowed Source of Borrower’s Equity
- Own Cash
- Partner
- Gap Lender
Experience Required
noMinimum Number of Value-Add Projects Completed by Borrower
0Will Provide Funds for Renovation Costs
yesMax LTC for Renovation Costs
100%Interest Charged for Renovation Costs
Entire Amount of Total Project CostsTypical Number of Days for Funds Draw
5Maximum After Repair Value
70.00%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
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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.
Associations
- American Association of Private Lenders - Member
Office Locations
Jet Lending LLC1419 FM 1960 EAST, Houston, Texas 77073
Get In Touch
Stay Informed About Private Lending
Our Minimum Loan Amount Is
$20,000
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