ProActive Lending Group, LLC Launches “Fix and Flip” Program Offering Easy Rehab Loans

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SAN ANTONIO, TEXAS, USA, Oct. 3, 2022 /EINPresswire.com/ — The program is designed to help investors by providing easy loans that can be used to finance and retrofit low-cost repairers and return them for a significant profit.

ProActive Commercial Lending Group, LLC, a reputable private mortgage company, recently launched its new “Fix and Flip” program designed to promote real estate investing in South Texas. The program offers easy rehabilitation loans to investors to finance and renovate real estate in the area, which for some time has remained incredibly affordable compared to other real estate markets, and sell it at profitable prices. Offered by the best lenders in the country, with whom the lending company has close partnerships, the process of borrowing loans has been streamlined so that borrowers can have quick access to capital to seize investment opportunities while prices are in their favour.

With investors’ best interests in mind, Texas Fix and Flip Rehabilitation Loans have multiple benefits. The loan amount can be used to finance both the price of the property and the necessary renovations. This saves investors from having to apply for and repay two separate loans for the realization of an investment project. The luxury of financing both property and renovation costs with one loan makes it easier to manage their finances.

Rehabilitation loan interest rates range from 9.9% to 12% depending on certain factors which are lower than current market prices. The program also includes interest-only mortgages that give the borrower the option to pay interest-only amounts up to a date assigned by the lender. Loan terms vary from 6 to 12 months but can be extended upon request. The loan-to-value ratio for rehabilitation loans is set at 80% after including the repair value (purchase price + renovation budget combined), which is favorable for borrowers. If borrowers manage to settle their finances earlier than their loan terms, they have the option of repaying the amount early without incurring any prepayment penalties.

At the launch, company founder Bruce Myles said, “South Texas has one of the fastest growing and most stable real estate markets in the country, and thousands of commercial real estate investors are seeking loans to turn these opportunities into profit. Banks can’t really help investors with all their credit regulations and restrictions. And that’s where ProActive comes in. We are able to say “Yes!” when the banks say “No”.

About ProActive Commercial Lending Group, LLC: ProActive Commercial Lending Group, LLC, is a private lending institute founded by Bruce Myles in 2003. Since its inception, the group has provided services that connect small and medium-sized businesses and investors with private lenders to meet their financial needs.

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