🎯 Seeking 100% Financing Options for Turnkey Section 8 Deal – Bridge Loan or HML Rec

[Eduardo Cambil]

Hey everyone,

My partner Rudy (U.S. citizen, based in Texas) and I (European investor) are building a portfolio of turnkey rentals under $80K in Texas. We’ve got a solid deal lined up and are trying to see if anyone here has experience or lender contacts for 100% financing using bridge loans or hard money.

🔑 The Deal

• Location: Lubbock, TX

• Purchase Price: $58,000

• Appraised Value: $75,000 (as-is)

• Rental Plan: Ready to lease to Section 8 tenant at $1,400/month

• Condition: Turnkey — no rehab needed

🧠 Our Strategy

We’re looking for a lender or private investor who can help us:

1. Cover 100% of the purchase price (based on appraised value, not purchase price)

2. Offer a 6–12 month interest-only bridge or HML loan

3. Allow us to refinance into a DSCR loan after tenant placement, ideally based on $75K value

📊 Numbers Breakdown (Post-refi)

• Rent: $1,400/month

• Expenses (PM, insurance, taxes, reserves): ~$250/month

• DSCR: ~1.8+

👥 Borrower Structure

• Buying through a Texas LLC

• Rudy (U.S. partner): Credit score 685, handles boots-on-ground logistics

• Eduardo (foreign partner): European investor and co-manager of deal pipeline

❓What We’re Looking For:

• Hard money or bridge lenders comfortable with deals under $75K

• Anyone who’s successfully pulled off this 100% finance + refi strategy

• Lenders who use appraised value (ARV/as-is) for LTV calculations

• Open to cross-collateralization, private gap funding, or any other creative structures

If you’ve done this or know lenders that can help — even small local shops — please drop your suggestions or DM me. Grateful for any help!

Thanks 🙌
– Eduardo & Rudy

[Tomas Roberto rodriguez]

There are a few Lubbock based hard / private guys. 

Pinnacle. Usually 2-3 points to loan and 12-13% interest. 

Raider lending. A little higher. 

If you are looking for some turnkey properties. I have a couple of duplexes and single family homes for sale.