We are not successful unless our clients are successful. When analyzing each loan opportunity, determining if the project will have a positive result for our valued clients is a top priority. Our goal is to assist Tulsa area investors to expand their rental portfolios or flipping businesses by offering responsive service and quick closing options. Tulsa’s economy is growing, and great deals can still be found! Let us help you get a fast real estate secured loan with a process that can get you approved for purchase in less than a day. We have been able to help dozens of Tulsa investors find success with our fast decision-making and reliable funding.
Fix & Flip |
Benefits of a Fix & Flip Loan
Defiance Capital’s expedited Fix N Flip loans can help you win competitive deals and get a jumpstart on your project. We can provide both purchase money and construction funds. Time is of the essence, so Defiance Capital offers quick decisions and fast funding to support your success. Fix N Flip opportunities in Tulsa can be tricky, so leverage our market knowledge to ensure you are setting yourself for a profit.
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Buy & Hold |
Benefits of a Buy & Hold Loan
Buy, rehab, rent, and refinance (“BRRR”) is a great wealth-building strategy and Tulsa’s aging housing stock and diverse economy allow for ideal conditions for the BRRR strategy. We have analyzed thousands of opportunities, so let Defiance Capital help you vet your next deal so you can act fast and expand your portfolio. Defiance Capital’s loans can include purchase money and rehab funds to support each client’s unique investment strategy including multifamily properties and vacation rentals.
Transactional Funding |
Benefits of a Transactional Funding Loan
Defiance Capital offers flexible options, even when you only need the funds for a short period of time. With the changing real estate laws in Oklahoma, let our transactional funding give you the confidence you need to get to the closing table.
Our Easy 4-Step Loan Process
Defiance Capital offers fast approvals on commercial real estate loans. Follow our four easy steps and get funded in less than a week.
1
LOCATE YOUR DESIRED INVESTMENT PROPERTY
In order to get a loan on the investment property, first, you need to find it. We can help with many scenarios from fix and flips or even rental properties.
2
SEND US THE PROPERTY INFORMATION
Tell us about the property you have in mind and all of its info, such as purchase price and rehab budget so that we can loan money based on its value.
3
DO THE FINAL NUMBERS ADD UP?
Outside appraisers which can be time-consuming and costly, so we underwrite all deals in-house to ensure you have final loan terms as quickly as possible.
4
GET FUNDED IN LESS THAN ONE WEEK!
We will order title insurance and have your loan documents prepared so you can close on the property. The process is simple, typically taking less than a week.
Defiance Capital’s Lending Guidelines
Your project is important to us, and we want to give you simple and easy tools to understand the customized lending guidelines we’ll utilize to assist you with your next investment.
Target Borrowers
Investors that are working on flips and rentals. Ideally, the properties would be located in areas that have a blend of investor and homeowner properties. Ideal borrowers would be the actual GC or would have a GC that can be verified as experienced and competent. The borrower ideally would have successfully completed at least 5 projects.
Target Properties
Ideally, the houses would have an ARV over $100,000 and would be over 1,000 SF. 3/2 or larger. Rent potential of $900 or more per month. Larger flip deals would not be eligible unless the LTV was lowered to offset risk. Borrowers may pledge other properties as collateral to help support a loan in some cases.
Interest rates
Rates range between 10 and 14 percent depending on loan size, loan to value, loan to cost, and borrower experience.
Terms
Maximum of 12 months. 2 to 4 points origination fee depending on loan size and specifics. Minimum $1,000.
Loan Size
The borrower must have real cash into the deal. LTC max is 90% of the purchase price and rehab costs. ARV LTV max of 70%.
Construction Management
For rehab budgets over $10,000 an independent third-party inspection company would be used to visit the project and take pictures. The borrower must provide budget and receipts. Funds only provided after work has been completed.
Title & Insurance Requirements
A lender title policy is required. Insurance coverage must be 120% of the loan amount. Builders risk insurance is required for rehab projects that involve demo to the studs.
Still Have Questions?
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