- Fico: No Fico requirement! Loan Terms: 1 yr, 2 yr & 4 yr I/O
- Prepayment Penalty: No PPP per se, but a 4-mo interest guarantee - Extension: 6 Mos for 1 pt - Loan Size: $100K to $7 Million. PP 125k or higher - Max LTC: Up to 80% of as-is value or purchase price (whichever is lesser)! It can lend up to 75% of the rehab budget. It can lend up to 90% of the purchase price if the as-is value comes in higher than the purchase price.
- Interest Rate: 8.5-10.5% Property Types: Only 1-4 unit investment properties. Can go up to a 10-unit MF property
- Borrower Experience: 1st-time investors Welcome Use of Funds: Purchase + rehab, Refinance + rehab, Cash-Out Refinance Points: 2 lender points Lending Territory: AZ, CA, CO, FL, GA (need to close in entity), HI, NC, NV, OR, SC, TN, TX, UT, VA, WA. - Closing Time Frame: 7-10 days! Want a quote? Reply below or send me a PM!
Jeffre Saint James, D.PSc, MBA
Independent Net Branch Operator
Direct:S 877.957.4357 Ext: 7060