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Contact Us

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PREIN Funding LLC
7200 Ranch Road 2222 
Austin, TX 78730
(O) 512.270.0724

CONTACT FORM

 

Loan Program

 

Loan Terms

We loan up to a maximum of 65% of the after repaired value (ARV) based on lender ordered appraisal.

We typically can close and fund your loan within 7-10 days of receiving your fully completed loan request.

We primarily focus on bridge and/or rehabilitation private money loans to purchase and rehab Non-Owner Occupied properties in the Austin, Dallas-Fort Worth, Houston, San Antonio, & other surrounding areas of Texas on a case by case basis. (*Please note - We DO NOT lend on Owner Occupied Properties.)

We have been both investors and lenders so we are ready to work with both the new investor and the experienced investors as well.

Property Types

Residential and Commercial Real Estate Properties with a focus on Single & Multi-Family Dwellings, Income Producing Properties, Commercial Buildings, and Land.

Lending Area

Austin, Dallas-Fort Worth, Houston, San Antonio, & other surrounding areas of Texas on a case by case basis.

Loan Size

$50,000 – $1,000,000

Loan Term

6 months -12 months. Up to 3 years on a case by case basis.

Interest Rates

Rates range from 10 - 14%, but usually 12%. Other factors include LTV, down payment, & borrower financial strength.

Payments

Monthly Interest Only Payments. *No Pre-Pay Penalty.

Rehab Funds

Released by draws within 48-72 hours of request with inspection approval of satisfactorily completed work.

Lien Position

First lien only

 

Please note:

*Some private money investors may have pre-pay penalties and on some occasions there may be a pre-pay penalty on the loan.

We are not interested in funding any new construction or development projects.

Almost all loans are first trust deeds only. However, we consider 2nds, gap funding, and/or joint venture/equity participation in certain cases.

Home

 

PREIN Funding is a direct private lender.

Private Money Residential and Commercial Investment Lending Solutions. We have access to one of the largest private investor networks in the world. We invest in & sell private trust deeds. We are based in Austin, Texas.

 

Private Lending Services:

Our primary focus is Bridge or Rehabilitation Loans secured by residential or commercial real estate. We fund loans using private equity, private investor, and hard money. We focus on providing hard money and private money loans to real estate investors. We also provide through strategic alliances assistance with exit strategies for our investors such as refinancing to lower rates for buy and hold properties as well as short term bridge loans for stabilization and disposition. 


Where We Lend:

Our Preferred Lending Areas are major Metropolitan Statistical Areas (MSAs) in the following states for both residential and commercial real estate investor loans are:

AZ, CA, CO, FL, IL, IN, KS, MO, NE, NJ, NM, NV, OH, OK, OR, SC, TX, UT, WA

*(Please note: We will consider loans nationwide.) 

 

We can provide short term bridge financing for residential and commercial distressed, value add, and rehabilitation properties for 6 months to 3 years depending on the project. We are an asset based lender, not credit based.

 

Creative lending solutions for borrowers & investors. We offer more than just the one size fits all solutions that local and national banks offer. We consider joint ventures on income producing properties and fix & flips.

 

We will consider lending on new construction, subdivision, and commercial development projects.

 

Specialties:

Real Estate, Private Money Lending & Hard Money Funding, Multi-family, Apartment Buildings, Mixed Use, Office Buildings, Condos, Land, & many other Multi-Use or Special-Use Properties. Short Sale, REOs, & Notes.

 

Private Money Loan Program Overview:

Direct Private Lender.

Residential and Commercial.

Fast closing in 7-10 days.

No Minimum FICO credit score. Asset based lender.

Loans up to 65-70% of after repair value (ARV).

Interest only payments. *No pre-pay penalty.

Non-Owner Occupied Properties ONLY.

 

 

Please note: 

*These statements do not constitute an offer or commitment for a loan.

 

Some private money investors may have pre-pay penalties and on some occasions there may be a pre-pay penalty on the loan.


Almost all loans are first trust deeds only. However, we consider 2nds, gap funding, and/or joint venture/equity participation in certain cases.

 

Lending Areas:

PREIN Funding primarily lends to real estate investors on properties within the Austin, Dallas-Fort Worth, Houston, and San Antonio Metropolitan Statistical Areas (MSA's). We also fund properties outside of these areas in Texas on a case by case basis. If you have a loan scenario then please submit an overview of your request here APPLY ONLINE or email/call us to discuss the details further.
 



Austin Central Texas MSA
 
Austin Cameron
Harker Heights
Leander
San Marcos
Bartlett Cedar Park
Hewitt
Lexington Taylor
Bastrop College Station Holland
Liberty Hill Temple
Bellmead Copperas Cove
Horseshoe Bay
Llano Thorndale
Belton Dripping Springs
Johnson City
Lockhart Waco
Bertram Eddy
Jollyville
Luling
Weimar
Blanco
Elgin
Killeen Marble Falls Wimberly
Brenham
Florence
Kingsland McGregor Woodcreek
Bruceville
Gatesville Kyle Moody Woodway
Bryan
Georgetown
Lago Vista Robinson  
Buda Giddings
LaGrange Rockdale  
Burnet Granger
Lakeway
Rogers  
Caldwell Granite Shoals Lampasas Round Rock  

 


Dallas / Fort Worth MSA
 
Addison
Cleburne
Ft. Worth
Itasca
North Richland Hills
Alstyne
Corinth
Garland
Justin
Palmer

Anna

Crowley
Godley
Keller
Pilot Point
Arlington
Dallas
Grand Prairie
Lake Dallas Plano
Azle
Denton
Grandview
Lancaster
Richardson
Balch Springs
Duncanville
Grapevine
Lewisville
Rockwall
Bedford
Ennis
Haltom City
Mansfield
Saginaw
Benbrook
Euless
Hillsboro
McKinney Seagoville
Burleson
Farmers Branch
Hubbard Melissa
Waxahachie
Caddo Mills
Farmersville Hurst
Mesquite
White Settlement
Carrolton Flower Mound
Irving
Midlothian
Whitney
Celina Frisco Italy Millsap Wylie


Houston MSA
 
Aldine
Cut and Shoot
Houston
Missouri City
Sugar Land
Alvin
Cypress
Hull
Montgomery
Texas City
Ames Daisetta
Humble
Needville
The Woodlands
Anahuac
Dayton
Jersey Village
Pasadena Tomball
Angleton
Deer Park
Katy
Pearland
Webster
Bacliff
Dickinson
Kingwood Porter
Willis
Baytown
Freeport
La Marque
Richmond
Winnie
Beach City
Fresno La Porte
Rosenberg
 
Bellaire
Friendswood
Lake Jackson
Santa Fe
 
Clear Lake Galveston
League City
Seabrook
 
Cleveland
Highlands
Liberty Spring  
Conroe Hitchcock Magnolia Stafford  



San Antonio MSA
 
Alamo Heights
Devine
Jourdanton
Live Oak
Schertz
Boerne
Flatonia Karnes City
Lytle Seguin
Bulverde
Floresville
Kenedy
McQueeny St. Hedwig
Canyon Lake
Fredericksburg
Kerrville New Braunfels
Stockdale
Charlotte
Gonzales Kirby Nixon Universal City
Comfort Hondo LaCoste Pleasanton  
Converse Ingram Lakehills San Antonio  

 

 
 

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How To Apply

 

How To Apply!

 

 

1.  Submit the short ONLINE APPLICATION HERE 

 

***You may STOP here until we email or call you with an indication of interest in funding your deal.***

 

2.  Please download & complete ALL of the following forms: 

 

1003 Loan Application

 

Please include a Schedule of Real Estate Owned Properties

 

Repair Budget Worksheet -  Please include Contractor Repair Bids, if available 

 

One of the following Valuation Reports (unless you are just getting pre-qualified): 

- Comparative Market Analysis (CMA) 

- Broker Price Opinion (BPO) 

- Appraisal within the last 90 Days (we will still order our own) 

- SmartZip Analytics report on the property from: http://clients.smartzip.com/s/sz/reports - It's $3.95/report or $39.95/month for Unlimited ReportsFully executed purchase and sale agreement, if available, including all exhibits, addendums, contract assignments, etc. (contract must have all parties signatures and be legible) 

 

Pictures of the property. Please provide as much detail as possible to expedite the review of your loan request. (interior: all rooms showing condition of the property; exterior: street views, front, back, left, right, backyard if applicable) *Please upload your pictures to a FREE account at http://Dropbox.com or http://drive.google.com then share the link(s) and/or folder with us via email to: This email address is being protected from spambots. You need JavaScript enabled to view it. . If you don't have a dropbox account you can open a FREE account. Since some attachments will be too large to send by email this or a similar file/picture sharing service would work as well such as Google Picasa, Flickr, etc. 

 

Please include the following financial documents upon submission if this is your 1st time as a borrower with us:

 

- 2 Months of Personal and Business bank and/or financial statements

- 2 months of your most recent pay stubs (if applicable)

- Credit Report Authorization & Release Form

 

 

Please fully complete the loan application and provide all requested documents above for the fastest response. Please upload & share your documents to a FREE account at http://Dropbox.com or http://drive.google.com then share the link(s) and/or folder with us via email to: This email address is being protected from spambots. You need JavaScript enabled to view it. .

Investors

 

Trust Deed Investments with Safe, Secure, High-Yield Returns & Low LTVs!

Trust Deed Investors

Dear Investor,

Finally, you can earn a consistent, double-digit return with our 1st Trust Deeds. This is a safe alternative to the stock market secured by real estate with a low Loan-To-Value (LTV) of 65% or less.

If you are tired of the bank paying you 1-4% on your hard earned deposits or the instability of the stock market ups and downs. Are you looking for a higher return on your money without giving up the safety and security of money markets or CDs?

It may be time to consider investing in First Trust Deeds. Our First Trust Deeds provide a consistent 8+% return on your money consistently and securely as well.

If you have have never invested in Trust Deeds then you are probably thinking to yourself right now, "What's the catch?"
However, if I may have your permission and some of your time today, then I'll explain exactly how it works, and more importantly, how we can help you benefit from it.

Knowing Property Value is Key

The number one rule of investing is buy low and sell high. Of course, this means you have to know what your investment is worth, otherwise you are just gambling like in Vegas.

Having been both investors for over 15 years and broker/lenders for over 5 years; knowing how much a property is worth is incredibly important to our business and protecting the capital of our private investor. With this knowledge we  lend money confidently on distressed real estate. Through the help of technology and years of experience we have become very accurate in determining the after repair value of a property and thus protecting investor capital.

We Protect Your Investment Capital

Protecting investment capital and limiting risk while increasing return on investment is a daily focus. We are very particular about the types of deals we fund.

All our PREIN Funding first trust deeds have a maximum loan to value ratio (LTV) of 65% of the after repair value (ARV), so not only are we in a first lien position we also have a 35% equity position in the property before any investment capital is at risk.

Where there is risk, there is reward. This is in no way a risk free investment, but it is a very rewarding investment secured by real estate with one of our first trust deeds. However, with LTVs always below 65%, Full 1003 Loan Application, down payments, cross-collateralization, and a managing partners' due diligence and approval we are very successful at lowering the investment risk.

We Look For Solid Borrowers, Not Just Solid Properties

We are an asset based lender and we don't have a minimum FICO requirement for our borrowers. Of course, even though the property is the primary focus in any real estate private funding transaction, we don't simply work with any & every borrower. Even the best property, with lots of equity, can lose money if a real estate investor drops the ball or doesn't pay attention to details.

This is why we perform due diligence on our borrowers thoroughly in addition to accurately valuing properties so we can properly vet all borrowers, consult where needed, and if we must - not lend funds.

Plus, we require our borrowers to invest a minimum of 10% or more of their own money on each and every property they finance with us. With that much skin in the game, you can be sure the investor will do everything they can to make the opportunity  work and payoff the loan.

You don't have to worry about a borrower with nothing to lose throwing up his hands and then walking away from the property and loan, leaving you holding the bag because they have too much to lose.

Safe, Consistent and Reliable 8+% Returns Secured by Real Estate

By maintaining our underwriting criteria guidelines of a strict maximum 65% loan to value ratio based on the after repair value (ARV), accurate property valuations, and borrowers that have been vetted as well as are invested in their own success, PREIN Funding first trust deeds can deliver the one thing most investments can't... consistent and reliable returns on investment capital far exceeding the returns available from CD's, T-Bills or Bonds without the volatility of mutual funds, stocks, commodities and precious metals.

If you're interested in learning more about how you can earn consistent 8+% returns on your investment, give us a call at James (512) 270-0724 or Contact Us via the contact form.

And until we hear from you… I wish you the very best of success!

 

To your success,

James Pickett, Principal/Managing Partner
Isaiah Fox, Principal/Managing Partner
PREIN Funding LLC

PS: Want to Invest With Us? It's easy to get started: If you want a source of high-quality first trust deed investment opportunities with sub-65% LTVs, why not call or email us right now?

Our number is James (512) 270-0724 or you can simply click the Contact Us link and you'll be on your way. We look forward to hearing from you.

Loan Request Form

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