Rehab/Fix/Flip
- 10% Loan-To-Cost down (10% of purchase price + repairs)
- 6 Month Loan Term
- 13.88% Interest Rate
- 4 Points Origination ($2,000 Minimum)
- Up to 65% LTV
5-Year Rental
- 10% Loan-To-Cost down (10% of purchase price + repairs)
- 60 Month (5-Year) Loan Term
- 18% Interest Only
- $1000 Loan Origination
- Verification of Cash Flow Positive
- This program Is mainly designed For very cheap, cash properties where the difference between 10% money And 18% money Is insignificant
- $15,000 loan at 8% Is $100/mo interest only
- $15,000 loan at 18% Is $225
- There are many properties that an 18% rate will work On
Small Dollar Repair Lien - Rental
- Second Lien OK
- Total Loan-To-Value Not To exceed 60% (adding first And 2nd liens)
- Valuation dependent On lender's comfort level
- 60 Month (5-Year) Loan Term
- 18% Interest Only
- $1000 Loan Origination
- Verification of Cash Flow Positive
RV Park Purchase Money
- Long list of requirements - please contact us
- Two Options
- Can Do a 2nd lien behind bank financing - higher rate but combined With bank financing could be cheaper than a partner
- Otherwise,
- 13.88% interest
- 4 points
- 6 Month term With 3-Month extensions at 1% plus interest rate increase To 18%