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.

Please feel free to call us at 877-SEAL-ONE or email info@sealhomeloans.com to review your particular loan with us