Hard Money Fix-N-Flip Loans
Eagle Commercial Funding Capital Corporation is a Direct Private Commercial Lender in 45 States and partners with several capital providers.
No upfront fees, tax returns or income verification
Property types: 1-to-20 unit residential, multifamily & mixed-use,
Available in Delaware, DC, Maryland, New Jersey, North Carolina, Pennsylvania, Virginia, and other east coast States.
Low credit no problem for flips; credit matters if rehab, refinance and hold for rental
Urban, Suburban and rural
$250,000 to $5 Million per property
Term: 12 months
Finance up to 85% LTC to 65% ARV
Lender determines value 3 ways: (1) appraisal; (2) BPO (Broker Price Opinion), or (3) inhouse valuation
Finance (1) 100% of purchase price; (2) refinance and cash-out at up to 65% of ARV, finance to 100% of purchase; (3) loan costs paid at closing; (4) roll some points into loan amount (5) increase leverage by cross collateralizing equity in other investment properties
Interest rates: 12% to 14% interest only
Origination: 2 to 4 points
Finance several deals at a time
Seller held notes and secondary financing permitted
Prepayment or minimum interest varies
U.S. citizens, permanent residents, and foreign nationals
No bankruptcy, foreclosure, short-sales or deed in lieu last 3 years
All loan terms disclosed before closing
To submit your online loan request, click the blue GET STARTED Link for PRE-APPROVAL Term Sheet within 48 business hours. No upfront fees, tax returns, income verification, credit cards, Social Security Numbers or credit checks required for PRE-APPROVAL for qualified applicants.