WILDCAT LENDING LOAN PROGRAMS

PROPERTY CRITERIA AND LOAN DETAILS

FIX AND FLIP LOAN TERMS

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

Fix and Flip Loan Details
  • 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
Borrower Requirements
  • Minimum of 6 months liquid reserves – Checking/Savings/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 of 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
  • Properties should be located in or around major metropolitan areas
  • Owner and Mortgage title policies required
  • Loan requirements may be adjusted by Wildcat Lending at it’s sole discretion

 

RENTAL PROPERTY LOAN TERMS

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

Rental Property Loan Details
  • Up to to 80% LTV Purchase or 75% LTV 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/Savings/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 of 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
  • Properties should be located in or around major metropolitan areas
  • Owner and Mortgage title policies required
  • Loan requirements may be adjusted by Wildcat Lending at it’s sole discretion

 

Client Testimonials

 

 

J.R.

Wildcat Lending is the best lender around. We have used them multiple times on our Flip homes. Wildcat is easy to use, get approved, get draws and close loans fast. Keep up the good work.

J.F.

Hassle free lender. Great for the deals I've used them for so far. Very fair and willing to bend over backwards to help you succeed. You'll be pleased with their service.

K.B.

I am extremely happy with service from wild cat. They were able to close a loan in three days and I did not have any prior business relationship. I contact them on Friday same day they send the appraisal and Tuesday morning I signed papers. Thank you guys.

B.P.

Excellent service. I originally was using a different lender to loan me the money to purchase a home that I was intending to flip. Long story short the first lender strung me along a very long process with poor communication and wasting money and over 30 days which could have cost me the deal. I had the number to Wildcat Lending from a friend and happen to find it written in my planner. I called them and within a week had this funded and we were able to close prior to the execution date on my contract. Highly recommend!

S.H.

Great company to do business with. They work with you and customer service is on par! I HIGHLY recommend Wildcat lending!

Contact Us

4800 Dexter Drive Plano, TX  75093
(972) 525-4777

info@wildcatlending.com

About Us

Meet The Team
Kevin Shipman
Mike Noppinger
Carlo Checri
Gray Cato

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Contact Wildcat

4800 Dexter Drive
Plano, TX  75093

(972) 525-4777

info@wildcatlending.com

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