We offer tiered products for every investor, providing funds for both your contract and rehab. We even have options that have no credit requirements. We have successfully assisted hundreds of investors and can help you with your project! We offer buy and hold loan options for every investor.
Whether you need to purchase a property or refinance one you already own, you can choose from multiple loan products ranging from 5-30 year terms or 5 to 30 year terms!Do you currently own a property your tenant wants to purchase? Found a sweet deal to owner finance? We've got you covered with our own RMLO with fixed interest for 20 years and a $0 due on sale clause!
Whether you need to purchase a property or refinance one you already own, you can choose from multiple loan products ranging from 5-30 year terms or 5 to 30 year terms!Do you currently own a property your tenant wants to purchase? Found a sweet deal to owner finance? We've got you covered with our own RMLO with fixed interest for 20 years and a $0 due on sale clause!
Services
Collectively, Donald and Tom have been doing real estate investing and hard money lending for over 20 years. Donald Sutton has spent over 20 years in hard money and asset-based lending, starting with personal real estate investing in single-family rentals and mobile home parks. After self-directing his IRA, he expanded to the Houston market, lending on single-family rentals and apartments.
We will hold the repair amount in escrow and release the money in escrow draws as the repairs are completed. We do require that the borrower have 25% of the repair costs in liquid assets, so that the repairs can begin. The borrower will submit an escrow draw request, and within 24 hours, one of our loan servicing specialists will review the request.
Repairs should be already completed, and properties should be ready for lease and/or already leased. Yes, there is a 1% increase in interest rate for not having a lease on the rental property being financed. Investor Loan Source is a private money lender offering a variety of buy and hold financing options for real estate investors in the United States.
Any repairs should be already completed, and properties should be habitable. Selling properties through owner-financing often means that houses will not be fixed up to retail valuation standards, so borrowers should take note that the loan amount will be based on the As-Is value of the property, not a potential After-Repair-Value (ARV) - since the property is not being fixed up for retail sale.
Buy the perfect office space. Build the perfect office space. Refinance your current loans. Cash out your current investments. Whatever the next step is in your commercial financing real estate plan, Investor Loan Source (ILS) is here to help. Our team of experts in real estate investing has the follow-through and know-how to set you up for success in all your current and future financial endeavors.
Reviews (4)
Danielle Von Lintig
Dec 16, 2021
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Isaac Magee
Oct 29, 2020
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Bad, bad, bad! The entire process was...BAD. Every trick play in the scumbag hard money lender playbook was utilized. The original appraisal was low ($210K). I sold the property for $245K. Literally, every draw request was an ordeal. The first draw request was rejected because demo work doesn't count (I’m not kidding). At one point, they told me not to call. I don’t know if my experience was atypical. I can’t imagine that they treat all their customers this way. If I had to use them again, I just WOULDN’T invest.
Kelly Alexander
Jun 23, 2020
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Derreck Long
Jun 09, 2020
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