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Updated over 8 years ago,
RehabDaddy.com - Raise or borrow up to $1 million in Texas
Houston's first real estate crowdfunding portal (RehabDaddy.com) is finally open for business!
I am looking for a select few proven borrowers to do a pilot launch with the first set of crowdfunded offerings and help us launch this service
Why RehabDaddy?
1. You can raise up to $1 million in equity from investors (Yes, you heard that right, equity).
2. You can borrow up to $1 million and you get to set the interest rate (Yes, you pick the interest rate)
3. As you build your reputation on the site, you get funded faster and cheaper
What Projects?
1. Flips, rehabs, rentals, urban infill and spec housing (obviously)
2. We can also fund real estate businesses like hostels and shared office spaces etc.
Borrowing Cost?
3 points + pass thru (underwriting, compliance)
Requirements?
1. You need to be a Texas resident and your project has to be in Texas
2. You have a demonstrable track record in real estate development or related business for the last 3 years as a full-time, active principal
3. Your raise/loan requirement is greater than $100k and less than $1 million
3. Your closing date is at least 28 days away (We also do hard money if you need the money right away)
How do I start?
Go to RehabDaddy.com and click on FUND MY DEAL. Or contact me directly at [email protected]
-Dhar