Eligible Borrowers

The property is the primary collateral for each loan. However, your [or a guarantor's] credit and ability to repay the loan are both considered in providing you the most cost effective terms as a borrower. Bridge Investments, L.P. dba Seal Funding is always able to provide you with a pre-approval letter to submit when making offers.

Eligible Properties

We lend on single family houses in all metropolitan Texas counties that appraise for $50,000 or more on an "after repair" basis. We also lend on condominiums, vacant land, commercial properties, mixed-use properties, or multi-unit properties.

Loan Amount

Our maximum loan amount is $350,000.00. For properties needing rehabilitation, the maximum loan amount is 70% of the "after repaired value" of the property.

Loan Funding

For houses needing repairs, a part of the loan amount (equal to the estimated cost to bring the property to a good, marketable condition) is held back by the lender as a "rehabilitation reserve". These Reserve funds are released to you in draw payments as work is completed and inspected.

Terms

For houses already repaired, we can provide loan terms of 6 months to 30 years at highly competitive rates. For those houses needing repairs, our loan term with clients can not exceed 2 years but we can roll over your loan to a conventional loan up to 30 years in length after repairs are completed. A builder's risk hazard insurance policy or a vacant dwelling policy for the loan term is required to be in force at closing. Flood insurance is required if the property is in a FEMA designated flood zone.

Multifamily/Commercial Lending

Seal Funding is Proud to Offer Multifamily/Commercial Lending

At Seal Funding, our Multifamily and Commercial Lending group delivers a range of products and programs to fit many small and large balance multifamily and commercial property financing situations. Commercial lending from Seal Funding can offer competitive financing for multifamily units, including buildings with as little as 5 units up to multi-unit apartment complexes.

If you are seeking financing options for a Duplex or a 4-Plex, please contact one of our Residential Loan Representatives for financing options. Please realize, any property having more than 4 units is considered to be commercial property.

Simply fill out our online (no obligation) application and a representative will contact you promptly.