LOAN AMOUNTS:
$50,000 TO $3,000.000 +
LOAN TYPE:
1ST POSITION LOANS FOR NON OWNER OCCUPIED (NOO) PROPERTIES ONLY
TERM:
6-24 MONTHS (LONGER TERMS CONSIDERED ON A CASE BY CASE BASIS)
INTEREST RATE:
FROM 8.99%
LTV:
UP TO 65 – 70% ARV
UP TO 85% ACQUISITION + 100% REHAB
LOAN ORIGINATION FEES:
VARIES DEPENDING ON LENGTH OF TERM
LOCATION:
LENDING THROUGHOUT CALIFORNIA, TEXAS, WASHINGTON AND NEVADA
PREPAYMENT PENALTY:
NO PREPAYMENT PENALTY
BORROWER CONTRIBUTION:
SELLER FINANCING, CROSS COLLATERAL (NOO ONLY), 2ND POSITION GAP LENDERS, ALL ACCEPTED AS DOWN PAYMENT
NUMBER OF LOANS/BORROWER:
NO MAXIMUM AMOUNT OF LOANS PER BORROWER
