After reaching out to the lending community, I’ve been getting some great feedback.
There is HOPE for us investors who fix and flip & buy/hold.
Private lenders who will consider loans with these terms:
Pricing: Purchase / Refinance
Clients looking to purchase or refi investment property? We’ve got programs for that!
- 7.99% at 50% LTV
- 8.99% at 65% LTV
- 9.99% at 70% LTV
- 10.25% at 75%
- Max Term: 24 Months
- Min FICO 600
- Max Loan Amount: $1,500,000
- 3 Points or Min Fee of $3,500
- 70% of Purchase Price
- 100% of Rehab Cost
- Term: 12 months
- Min FICO: 700
*No Prepayment Penalties
*No Income Qualification
*Excellent Customer Service
75% of Construction Cost
Term: 12 months
Min FICO: 680
Loan Amounts- Up to $1.5M
Use our apartment financing to:
1. Fix Up
2. 1031 Exchange
3. Buy Other Investment Property
Close in 7-10 days
This is a great option for the Self Employed borrower!
Using 24 months bank statements to qualify, They will go down to 500 Fico.
The rates can be around 7%-8% for 1-4 units residential or commercial. 90% LTV.
You must have strong assets for this program.
Buy, Fix & Flip 100% Financing Special
This lender will lend in CA & AZ
They don’t care about bankruptcies, foreclosures or short sales on your credit!
✯100% Financing Buy, Fix & Flip
✯Loan Amount $75K to $1MM (above $1M on case by case basis)
✯Loan Terms: 6 to 36 months
✯Rates: 9% to 15% interest only
✯Origination Fee: 4% to 6%
✯First Lien Position ONLY
✯Minimum Credit Score 620
✯Property Type: SFR, Condos, Town homes, 2-4 Units
✯Property Value Established through Broker Price Opinion (BPO)
Last 2 years Tax Returns
3 Most Recent Months Bank statements
LLC or Corporation Documentations
Interior & Exterior Photos of property
Estimate of Repairs
Nationwide Fix and Flip Loans!
Property acquisition requires 35% down payment
Single Family or 1-4 Multi-family
Refinance loans require 50% owner equity in property
Rates for both programs 15%-18%
Terms are 6 Month@ 15% / 36Month@ 18% / 60 Month@ 18%
Closing Fee $700
States We Currently Serve: 34 States
AL, AR, CO, CT, FL, GA, IA, IL, IN, KY, LA, MD, ME, MI, MO, MS, MT, NC, NH, NJ, NM, NY, OH, OK, PA, SC, TN, TX, UT, VA, WA, WI, WV, WY
States we do NOT lend in: 16 States+ DC
AK, AZ, CA, DE, HI, ID, KS, MA, MN, NE, NV, ND, OR, RI, SD, VT and DC
City and County Restrictions:
IL- Cook County Including Chicago
MI- Detroit, Flint
OH- Cuyahoga County including Cleveland