90-100
For single family, 2-4 units, multi-family (5+), and mix-use properties.
90% PURCHASE/ 100% REHAB

More Information: For our fix and flip program, we lend up to 100% of the purchase and 110% of the rehab costs. 10% for contingencies if necessary for rehab. Rates will start at 8.99% APR (Interest only charged on outstanding balance). No prepayment penalty. 620 is the minimum credit score needed (cosigner allowed). Points will be between 1.5% - 2.25%. Loan is capped at 75% of the After Repair Value (ARV). *100% of the purchase price will be dependent on borrowers’ level of experience.

  • Loan Amount           $50k to $ 45 Million

    •  

    • Loan to Value           80% - 90% of  Acquisition Price

     

    • Rehab Financing     100% of Rehab Cost (plus an additional 10% for contingencies)

     

    • Term                            12 to 48 Months

     

    • Interest Rate             Starting at 7.5%

     

    • Property Type          Non Owner Occupied Single Family Residence,
      ……………………………………………1-4 Unit5 + Unit Multi Family Residence,
      ……………………………………………Condo and Townhomes.

     

    • Loan Criteria            1 year to 4 Year Term Purchase
      ……………………………………………Refinance and Cash Out
      ……………………………………………Non Owner Occupancy
      ……………………………………………Foreign National
      ……………………………………………Program Lending to Corporation, LLC, & Trust
      ……………………………………………Interest Only Payments
      ……………………………………………Stated Income

     

    Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho,Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota,Tennessee, Texas, Utah, Vermont, Virginia, Washington,West Virginia, Wisconsin, Wyoming