Fix-n-Flip or Rehab Loans
- Up to 85% of the Purchase Price + 100% of the Rehab Construction Costs, or 65 – 70% ARV
- 1.5 – 3.5 points on most 6-18 month loans
- From 8.99% interest depending on LTV
- Rehab portion of loan held in Fund Control and released on draws (same day release)
- Interest is paid only on drawn amount of loan
- No prepayment penalty, extensions available
Construction Loans
- Up to 100% Construction Loan amounts
- Loan amount not to exceed 65% of finished value of property
- From 2 points on most 12 month loans
- From 8.99% interest depending on LTV
- Loan is held in Fund Control and released on Draws
- Interest is paid only on drawn amount of loan
- No prepayment penalty, extensions available
Refinances
- Up to 65% of current fair market value
- 1.5 – 3.5 points on most 6-18 month loans
- From 8.99% interest depending on LTV
- Cash Out Refi Loan will require a Use of Funds letter
- Cash Out needs to be used towards business purposes
Commercial Loans
- Up to 65% of current fair market value
- 1.5 – 3.5 points on most 6-18 month loans
- From 8.99% interest depending on LTV
- Cash Out Refinance will require a Use of Funds letter
- Cash Out needs to be used towards business purposes
Probate, Trust & Estate Loans
- Up to 65% of current fair market value
- 1.5 – 3.5 points on most 6-18 month loans
- From 8.99% interest depending on LTV
- Utilize for property tax reassessment benefits
- Fund settlements & real estate buyouts
- Payoff attorney fees, mortgages, delinquent taxes & other liens/expenses
- No prepayment penalty, extensions available
