| Gross Loan Amount |
Loan-To-Value (LTV) |
$50,000 - $10,000,000
Call for higher amounts |
Up to 75 % of the
After Repair Value (ARV) |
|
REHAB Budget:
Typicaly no fund control is needed when we base the loan on the purchase price. |
Program Highlights:
- Short Sale and REO purchases for California
- Flip transactions
- Fast funding
- Short term equity loans
- Simple application process
- Up front and honest loan evaluations
- Flexible exit strategy: Sell upon completion or retain as a rental
|
| REO Flip Financing is available for: |
- Investors
- Contractors
- Sub Contractors
|
|
| |
|
| Types of REHAB projects allowed: |
- Single Family Residences
- Multi- Family Dwellings
- Apartments
- Commercial
|
- Duplexes
- Triplexes
- Fourplexes
|
| |
| Vesting: |
|
- Individuals
- Partnerships
- LLCs
|
|
| Income Documentation Needed: |
|
- We offer equity driven investment finance and accept bank statements to stated income.
|
| Loan Term: |
|
- 12 to 60 months for rehab.
*Most flip loans writen for 12 months with options to extend.
|
| Cost: |
|
- Investor financing ranges from 2 1/2 points to 5 points.
- Rates from 9% to 14%
- Doc, prep and underwriting ranges from $1,000 to $1,835.
|
| Prepayment penalty: |
|
|
|
