100% Financing of Purchase and Light Cosmetic Rehab to 70% ARV
Residential (1 to 9 Units)
Loan costs paid at closing
Credit 620+using borrower with best credit
Requires: income tax returns & income verification or 12 months bank statements & 4506C
No upfront fees
Competitive fixed rates paid only on drawn balance
Interest only
Origination: varies with underwriting
Close in 2 weeks
Nationwide (except: AK, AR, AZ, CA, DC, HI, ID, ND, NE, NV, OK, SD, VT, & WY)
Term: 4, 8 or 12 months
$250,000 to $2.5 Million per property
No prepayment penalty
Experienced GC with 3 completed rehabs
Liquidity: 8%+ of loan amount (6 months interest reserve, cash to close, and 15% rehab budget)
Must live within 60 miles of subject property
Onetime $250 application fee
Fast draws
First mortgage
Loans close in LLC or corporation name
No bankruptcy last 3 years
Positive mortgage payment history
Recourse
USA citizens
To submit your online loan request, click GET STARTED for PRE-APPROVAL Term Sheet within 48 business hours for qualified borrowers.
No upfront fees, credit cards, Social Security Numbers, credit checks, tax returns or income verification are required for PRE-APPROVAL.