Do You Have a Property Rehab Near Completion? Here’s A New Financing Option for Summer 2024.

    Do you have a property that is near completion and you need to refinance?

    Sometimes you will run into seasoning issues, we can refinance your loan and if needed you can pull additional cash out with no seasoning requirements that have undergone a value-add rehab.

    $100,000 – $5,000,000, No DTI Requirements, No Prepay on 1 year Loan, 600 Fico

    • We can go up to 80% LTV on purchases and Cashout/Refi's (Max LTV depends on FICO, Experience, City, & State)
    • Experienced Investors could get up to 100% financing of Rehab Budget
    • No Property Seasoning Required on Renovated Properties
    • Mid Construction Okay
    • Maturity Defaults Okay
    • Rental loans on AirBnb/Vacation Rentals
    • Minimum credit score as low as 600
    • We Lend in AL, AR, AZ, CA, CO, CT, DC, FL, GA, HI, ID, IL, IN, KY, LA, MA, MD, MI, MN, MO, NE, NC, NJ, OH, OK, OR, PA, SC, TN, TX, UT, VA, WA & WI

    Bridge / Fix and Flip

    • Rate as low as as 10.99% with 1 and 2 year interest only with 6-month pre-pay on 2 year.
    • No DSCR requirement on 2 year.
    • 85% LTV for experienced and 700 fico and 3 completed deals in past 36 months.
    • Loans up to $5M, with LTC up to 90% ARV up to 70% minimum 600 Fico.

    Rental / DSCR

    • Rates as low as 7.25%, with 2 options: 5-year interest only and 30-year fixed
    • You can buydown the prepayment penalty
    • 1.0 DSCR
    • Loans up to $5M, with up to 80% LTV cashout – no seasoning required on recent rehab, rental above market OK
    • Vacant properties are OK, the DSCR is based on 1007 / Rental survey.
    • Minimum fico is 620
    • Short term rentals are ok with 12-month history

    Docs Needed

    • No tax returns or verification of rents
    • 2 months bank statements
    • Purchase contract
    • Lease
    • Corp. & formation documents, EIN, when vesting in entity
    • If Rehab: Need GC contract, insurance, bond, plans, rehab project, permits, if needed

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