Brexon House has a total of over 30 years of experience bringing private money loans to borrowers, without any lengthy turnaround times like traditional lending.
Application
Fill out our quick on line application for our 1-hour call back. We will review it and get back in touch with you for pre-approval.
Pictures
Pictures are important for us to get a feel for the property and tell a thousand words. Please send us some pictures of the subject along with street views looking both ways so we can get a feel of the neighborhood area. We ll also need inside pictures of all the rooms and pictures of the rear of the subject property.
Appraisal
If you have an appraisal, old or new we ‘d like to review it to help us make a loan decision.
Site Visit
If the property is in the Houston Metro area we’ll do a drive by so we can assess our interest first hand. We usually like to meet the borrower on site to answer any questions we might have concerning the condition of the property, etc.
Letter of Intent
After reviewing the property and your loan application we’ll issue a letter of intent stating the terms and conditions of the loan for preliminary approval. If these terms are agreeable to you we will need an application fee to go forward which is credited back to you at closing. Why do we charge an application loan review fee? We review 25 to 40 loan requests a month and can only concentrate on the borrowers who are serious about a loan and not just wasting our time.
Title Insurance
All closings will require a lenders insurance title policy providing evidence that we will be in a 1st lien position. We will always order the title policy from one of our preferred title companies. It can take anywhere from 3 days to 3 weeks to get a title commitment back depending upon the county records availability.
New Appraisal
Once we receive the letter of intent back we will order title and appraisal. We always order a new appraisal from one of our approved appraisers. The appraisal is always COD and you will need to pay the appraiser with either cash or a bank check. If you give them a personal check they will not start until the check clears. Appraisal fee is non-refundable.
Documents
We will need most of the following documents depending upon the type of loan. Entity documents, hazard & liability insurance, flood insurance if required, purchase contract, large copy of drivers license, addresses of cross-collateral property if any.
Attorney Loan Document Fees
Loan document fees for our attorneys to begin work to prepare loan docs have to be paid in advance and can range from $500 for a simple residential loan to several thousand for a complicated commercial loan with several entities and properties involved.
We specializes in funding loans that other lenders will not do
5-7 Day Fundings
Common Sense Underwriting
1st & 2nd Trust Deeds
Loan Amounts: $50,000 – $20,000,000
Single Family Residences, Multi-Family, Commercial, Industrial, and Land
Purchase Money, Rate and Term Refinance, and Cash Out Refinance
Loan-to-Value: Up to 70% (Deal Specific)
Same Day Approvals
Professional Approach and Quality Services
Loan Programs
RESIDENTIAL LOANS
Whether your property is occupied or vacant, Brexon House can assist you in finding the loan or hard money solution tailored to your financial situation.
COMMERCIAL LOANS
We will make sure that We find the best commercial or bridge loan to secure favorable terms and provide the capital you need to achieve your business goals.
REHAB LOANS
Brexon House has over 30 years plus of experience to make sure that you get a swiftly response and get approved for your rehab or bridge loan.
