News / Real Estate
Dallas Real Estate Company LIG Assets Offers Hard Money Loans
LIG Assets, Inc is a Dallas based Company that focuses primarily on residential and commercial real estate. The goal is to acquire income-producing properties whose cash flow and operating leverage contribute to the overall value of the entire LIG Assets enterprise. The company currently maintains a portfolio of approximately 300 cash flow generating single family homes throughout the state of Texas. The Company is proud to announce that it is offering Hard Money Loans for Dallas real estate for up to 70% of the after repaired value on Single Family homes.
The Hard Money Loan includes both the funds for the rehab and purchase of the property. These loans enable investors to purchase the property quickly and completely leverage their investment in order to obtain a maximum return on their investment.
In order to obtain a Hard Money Loan for Dallas property from LIG Assets, appraisals must be ordered through LIG Assets, Inc and performed by our appraisers and a mortgagee’s title is required. The After Repaired Value must be between $80,000 and $2 Million, and an insurance policy is required on all loans for the term of the loan. This loan is for first liens only, we do not accept mobile homes or underdeveloped land.
In addition, you are not qualified for a loan if you have any recent foreclosures on your credit report or bankruptcy.
As mentioned above, all appraisals will be based on the ARV and appraisals and inspections will be ordered by LIG Assets, Inc. We require that insurance premiums are to be paid in full at closing. Coverage must be shown on declaration page and must include vacancy, vandalism and malicious mischief. The declaration page must be provided by the insurance agent if a borrower has a blanket policy showing the addition of the new property as well as proof of in-force blanket policy.
Finally, the amount of insurance coverage may not be less than the full amount of the loan.
LIG Assets, Inc. is poised to generate significant cash flow and net income from current and future properties and transactions, thus substantially increasing shareholder value from current levels. Contact us today at 214.760.1000
