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“Keep More of Your Flip Deal Profits.
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| PROPERTY TYPE: | Commercial loans on 1 - 4 Family investor properties and small apartment buildings. Larger Commercial loans financed in our Commercial Hard Money Division. |
| LIEN POSITION: | First mortgage only. |
| STANDARD TERM: | 6 months with monthly extensions up to 12 months. |
| ADVANCE RATE: | Up to 100% of the total project costs, subject to 65% of the After-Repaired-Value. Reserve account applies. |
| RENOVATION FUNDS: |
Renovation funds are usually advanced in one to three draws, and wired directly to your account. Rehab portion of the loan typically not to exceed 100% of acquisition cost unless otherwise approved. |
| CLOSING COSTS : | Up to $1200 of closing costs (i.e. title insurance, recording fees, etc.) can be financed as part of the loan proceeds. |
| GUARANTEE: | Personal guarantee required. |
| QUALIFYING DOCUMENTS : | Investor Assessment Form |
| LOAN DOCUMENTATION: (For Each Loan) |
Purchase Agreement Summary of Rehab Work to be Completed After-Repair-Value Appraisal (Obtained by Company) Title Policy (Obtained by Company) |
| QUICK FUNDING: | Once a borrower has been approved, funding of individual transactions is quick. No need to reapply for subsequent transactions. |
Click to Pre-qualify for a loan
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