Loan Products
Real estate products include fix and flips, bridge, and construction loans. Investors and commercial borrowers can finance residential, commercial, and special use properties.
Fix & Flip Loans
Typical loan structure:
- Up to 90% of purchase price and 100% of rehab costs
- Subject to a 75% loan to ARV
- Rates from 9-12% and 1-3 points
- Interest only monthly payments, 12-month term
- No prepayment penalty
Bridge Loans
Bridge loans include refinancing, cash-outs, raw land, and acquisitions.
Typical loan structure:
- Up to 75% LTV
- Up to 65% for raw land
- Rates from 9-12% and 1-3 points
- Interest only monthly payments, 24-month term
- No prepayment penalty
Construction Loans
Construction loans considered to be a major property rehab or a ground up construction project.
Typical loan structure:
- Up to 85% of cost
- Rates from 9-12% and 1-3 points
- Prefer “shovel-ready” properties
- Interest only monthly payments, 24-month term
- No prepayment penalty
Investments
Actively seeking select real estate investments for fix and flips or ground up construction projects in Texas.
Factoring
Funding accounts receivable through a factoring facility gives Contessa additional opportunities to serve our commercial clients. This non-traditional source of working capital allows businesses that need more aggressive financing to fund growth or turnarounds. Factoring can often be a superior alternative to equity as it preserves ownership and company control. Most clients use factoring as a bridge funding source until they become bankable and transition to different financing.
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