IDEAL FOR THE INVESTOR NEEDING UP TO 3 YEARS ON A LOAN – EXAMPLES: FIX & HOLD FOR RENTAL OR FOR SALE ON A LEASE OPTION

UP TO 80% OF THE PURCHASE PRICE PLUS UP TO 80% OF THE REHAB BUDGET (SUBJECT TO APPRAISAL)

FINANCING 1-4 UNIT PROPERTIES INCLUDING BUT NOT LIMITED TO BANK REPOS & HUD FORECLOSURES, WHOLESALE, AND SHORT SALES

QUICK PRE-APPROVALS, APPROVALS & CLOSINGS – CLOSINGS TYPICALLY WITHIN 1 WEEK OF APPLICATION.

NO SEASONING REQUIRED FOR DOWN PAYMENTS

PROPERTIES TITLED AS LLC’s, CORPORATIONS OR PARTNERSHIPS – OK!

NO LIMIT TO NUMBER OF INVESTMENT PROPERTIES OWNED IF STRONG COMPENSATING FACTORS ARE PRESENT?

FLEXIBLE UNDERWRITING WITH TOTAL DEBT-TO-INCOME OF UP TO 65% ALLOWED

GREAT FOR SELF-EMPLOYED BORROWERS

TERMS FOR THE FIX-AND-HOLD LOAN OPTION
The initial 6-month loan is up to 70, 75, or 80% of Purchase Price PLUS up to 70%, 75% or 80% of improvements. 12% Fixed Monthly Interest Only Rate; 1.50 or 1.75% Origination; No Prepayment Penalty During this 6- Month Period. At the end of the 6-month loan, provided the borrower has completed the rehab to the property, market value of the property has not significantly declined, and the borrower has made loan payments as agreed, the borrower is eligible for a 2.5 year extension of the initial 6 month loan. Interest rate for full loan term is 12%. Prepayment penalties apply during the extension as follows: 2% during the first year of the 2.5 year extension; 1% during the second year of the 2.5 year extension; 0% during the last 6 months of the 2.5 year extension.