Residential Purchase & Rehab Loans
We lend 80% of Both Purchase and Rehab Costs1.This is for the investor who wants to purchase and renovate an investment properties.
2. If you have a JV partner they have to be a Guarantor on all docs.
3.The JV partner have to provide the same docs needed to pre- qualify.
Term –13 Months
Loan to ARV–65%
Down Payments 20%
Loan Amount $50,000 to $4.5 Million
Origination Fee 3.5% to 4% Due at closing
Interest Rate 12% to 13% Junk Fees-None
Fico Minimum Score 625
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