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Residential Purchase & Rehab Loans

Residential Purchase & Rehab Loans
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Posted By:
Turbo Funding Group
Posting ID:
 hard   money   loans   financing   fix   and   flip 
Service Category:Financial Services
Business Name:Turbo Funding Group
233 Broadway
New York, 10017

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WE DO NOT FUND Owner Occupied Residential Properties.Loans are finance in LLC or Corporation only

Residential Purchase & Rehab Loans

We lend 80% of Both Purchase and Rehab Costs
1.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

SFR-1-4 Family

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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