• Loans up to 75% of a conservative After Repair Value, up to $200,000 total loan (for the right deal and borrower, we may be able to go higher)

• St Louis, MO area only (no Illinois)

- No flood plains, no burn properties

• Loans are for an initial 6-month term

• Loans in good standing can be extended for 90 days if progress is being made on the property and toward payoff

- Extensions require a written agreement and extension fee due at the time of extension

• Interest is 12% for days in use, plus 3 percentage “points”

- We have a minimum loan fee of $3,000 of interest and points combined

• Borrowers make monthly interest-only payments and the points are due at payoff

• Borrowers pay interest on the entire loan amount, including any rehab funds not yet disbursed

• Fees

- $400 loan origination fee, due at purchase

- $250 wire and administrative fee, due at payoff

• Can close within five business days if all info has been received and the account/loan is approved  

Before we finalize a deal, we’ll need to approve you as a borrower and set up your account.

Please click on and complete a New Borrower Account Application (Link application here)

Below is the list of what you’ll need to submit as part of your application

1. All borrowers and borrowers’ spouse's full names and current addresses

2. A copy of all borrowers' and spouses’ driver’s licenses

3. Signed Personal Financial statement for all buyers. PFS must be signed by both spouses.

4. Last 3 months of personal bank account statements (or can be your LLC bank account if the LLC has been operational for at least a year)

- NOTE: We need to see that you have some reserves and have had them for a while – a minimum of $15,000 to $25,000 in cash is required for the last 3 months.

5. Last Year’s Tax Returns and supporting income documents like W2’s or company profit and loss statement

6. Signed Full LLC Operating agreement if buying in an LLC, including all pages, signed and dated by members or managers.

7. If refinancing is your exit strategy, we’ll also need to know the bank with which you plan to refinance and demonstrate a minimum credit score of 680.

STL Investor Loans, LLC will need:

• To be in first lien position

• To be listed as the lender on the property hazard insurance with enough coverage to cover the loan in full and paid in full for at least 6 months

• Title insurance to cover the loan (provided by the title company)

Prior to Closing, I'll send the document below to the title company for signing at closing:

• Personal Guarantee – Signed by all borrowers & borrowers’ spouses

• Deed of Trust

• Promissory Note

To apply for a new deal loan, click on and complete a New Deal Loan.  

Below is the information and documentation you’ll need to submit: (Link Application Here)

• Subject Property Address

• Exit strategy (Flip, BRRRR, STR, MTR, etc.) and your planned timeline for the project -If refinancing is the exit (not a flip or wholesale), I’ll need to know who your planned lender is, if you’ve worked with them before, if you’re already approved with them and what terms you’re expecting to get from them for the refinance  

• Photos of the property (lots and lots of these are best, including all outside areas, all inside rooms and mechanicals, including plumbing stack, electric panel, HVAC, water heater, sump pump, etc.)  

• Rehab plan, budget and contractor name or list of contractors you’re considering  

• Comps and your projected ARV

A word on comps: Two to three good comps that are in the same neighborhood and very similar to the subject property are best (similar square footage, bedrooms, garage, basement/no basement, acreage, etc) If comps are all over the place, I will usually default to the lower end of the comp range subject property. A few good comps within close distance are better than a long list of so-so comps  

• Short info on other projects you have going on - how many, scope, current progress  

• Your preferred title company  

• Purchase Price, Rehab Price and Total Amount You Want to Borrow  

• Your planned timeline for the loan (how long you expect to need the funds from purchase to payoff)  

• Your planned closing date for the purchase  

• The executed contract and assignment contract, if applicable

YES! Your loan is approved – what now?  

Please send an email introduction to your title company closer and/or processor and we will take it from there!