Optimus Capital has recently closed on a loan in Baytown TX for a borrower during the COVID-19 pandemic.The real estate investor was looking for a non owner occupied private money loan that would offer purchase and rehab / renovation funds. We were able to issue a loan which provided 90% LTV (loan to value) plus 100% of the renovation funds.
Optimus Capital is backed by institutional level investors which allow us to reduce the cost of our residential property loans compared to other private lenders. We pass the savings on to you with lower interest rates and fees in order to maximize the benefits that we offer to you. In building a strong relationship with us, our hopes are that you come back to us for financing your complete rental portfolios and allow us to save you money on all of your current and future investment
Below is the general overview of the loan:
- Single Family Property
- Loan Type: Purchase + Rehab Bridge Loan
- Purchase Price: $120,000
- Rehab Amount: $27,700
- Loan Amount: $135,700
- ARV: $190,000
- Loan to Value: 90%
- Rate: 9.00%
- Vested Title: Entity
- Experience: 10+ Past Transactions
The subject property is a 3 bedroom 2 bath single family home located in Houston TX. It has over 1862 square feet.The single family house is located on 0.26 acres. The house has a pool located in the back yard which is being re-plastered. The house is located in Harris county and has schools nearby. The real estate investor has plans to remodel the property. There will also be a new roof installed. Foundation work completed, windows will be replaced. The trim and baseboard will be replaced. The real estate investor will fix the plumbing, and electrical will be updated.
This single family property is located in the Flamenco neighborhood in Baytown, Texas. This neighborhood has mostly mid-sized homes that are reasonably priced. Flamenco is a well established community that attracts home buyers from around Baytown, TX. Families relocate from Houston to Baytown to get away from the hustle and bustle of the big city. Baytown is a friendly community with great schools. What many do not know about Baytown is that there are nationally-recognized parks and recreation programs. There is also an award winning family water park. The Goose Creek Consolidated School District is excellent children of all ages. This district operates independently from City of Baytown.
Optimus Capital loans allow borrowers to purchase, finance, and acquire solid single family property deals which they intend to remodel the properties. Optimus Capital allows them to save money with lower interest rates and reduced fees.
Optimus Capital private money loans allow for flexibility, lower rates and higher rates of return because of our institutional level investing and customer-centric investor mindset. The more money we can save you in finance charges, the more you have to invest.
Our Founders, being real estate investors, understand that when an investment opportunity presents itself that capital is necessary and we want to empower you. Optimus Capital Loans give you the flexibility with excellent terms, often lower than what’s offered by many lenders.
Optimus Capital is a full-service direct hard money lender and we can streamline all your Single Family Loans to assist you in building your real estate portfolio.
Neighborhoods in Baytown Texas include:
- Goose Creek
- Baytown Town Center
- Roseland Manor
- Baker Downs
- Evergreen Fairways
- Ybarra Estates
- Outlawn Terrace
- Ridgewood
- Wooster Heights
- Sunrise Courts
- Wooster Terrace
- East Baytown
- Shady Hill Villa
- The Village
- Stoufflet
- Tierra Del Oro
- Whispering Pines
- Bellview Acres Whiting
- Wheatley Acres
- Treslers of Baytown
- Partition of The Parks Carey
- Inland Center
- Wooster
- Betancourth Park
- Craigmont Place
- Rollingbrook
- Martinez Estates Baytown
- Oaklawn To Pelly
- Briarcreek
- Stonebrook
- Bellview Acres
- Pringle
- Eastpoint
- Hunters Ridge
- Schilling & Massey
- Oakwood
- Baytown Heights
- Bayway Acres
- Kings Bend
- Rio Vista
- Fair Park
- Wheaton Estates
- School Courts
- Pinehurst
- Red Cedar
- Rollingcreek Estates
- Briarcreek of Baytown
- Ponderosa
- Graywood
- Northridge
- Colony Madrid
We are here to assist you during this time. We are still closing on loans during COVID-19. Our team is working diligently daily to assist our borrowers. We look forward to closing your deals quickly and efficiently during this time.
Our Optimus Capital Nationwide Programs have extremely competitive rates and low-cost fees. Fill out the pre-app below and let us know a little about yourself. We can set up a call to discuss any loan scenario and that way we can be informed and prepared for our conversation. We at Optimus Capital are available by phone, email or text. We are looking forward to a mutually beneficial long-term relationship with you and your team.
