Loan Programs

Property Criteria and Loan Details

Fix and Flip Loan Terms

Our Loans are based on the After-Repaired Value (ARV) of the property and include both Purchase and Renovation funds.

  • Up to 90% of cost (purchase price + renovation budget combined) or 70% of ARV, the lesser of the two
  • 6 month term
  • 3 month Auto Extension option
  • 12% interest only payments (Auto Debit Payments on the 1st of Every month)
  • 2-3 points origination
  • Appraisal Fee: Typically $400 (After-Repaired Value Appraisal)
  • Lender Fee: $950; Credit Report Fee: $30; Flood Certification Fee: $15

Rental Property Loan Terms

  • Up to 80% LTV with approval or 75% Cash Out/Refinance
  • 24-36 month term
  • As low as 8% interest only payments (Auto Debit Payments on the 1st of Every month)
  • 2-3 points origination
  • Appraisal Fee: Typically $400 (As-Is Value)
  • Lender Fee:  $950; Credit Report Fee: $30; Flood Certification Fee: $15

Borrower Requirements

  • Minimum of 6 months liquid reserves – Checking/Saving/Money/Market/CD, etc
  • No recent foreclosure and/or bankruptcy activity

Additional Requirements

  • Residential (1-4 family) investment properties only
  • First lien only
  • Appraisal and inspections must be ordered by Wildcat Lending
  • Borrower must provide a minimum 6 months insurance policy (term of loan required) to be paid in full on or before closing
  • Insurance Dwelling coverage may not be less than the loan amount and the coverage must include vacancy, vandalism and malicious mischief
  • Wildcat Lending Fund One, LP shall be named as the mortgagee
  • Properties should be located in or around the major metropolitan areas of Texas
  • Owner and Mortgagee title policies required
  • Loan requirements may be adjusted by Wildcat Lending at it’s sole discretion

 

*Yield Maintenance Applies