Our big niche products are: Short–Term rental program, rural properties, DSCR program for multi–family 5-10 units, mixed–use, portfolio loans, and fix and flip fastest closing.
This is but a sample of what we offer in DSCR and fix and flip within our marketplace of programs
-DSCR Program:
-Loan Amount: $100,000 to $3.5 million
-Nationwide: 46 states!
-Rural properties
-Competitive rates
-Property Types: SFR, townhouse, condos, duplex, triplex, quadplex. Multi-family 5-10 units, and mixed-use.
-Loan Structure: 30-Year Fixed, 5/6 ARM and interest only for 10 years available.
-LTVs: Up to 80% for purchases and rate/term, 75% for cash-out for 1-4 and up to 75% for purchases, 70% for refinances for multi-family.
-Short-term rental (using projected revenue or actual income)
-DSCR: 0.75 minimum
-Pre-payment penalty: 5%,4%,3%,2%,1%, 3 year 3%,2%,1% and others
-Credit Score: 640 minimum
-Some programs require NO appraisal or credit check
Fix and flip Program:
-Purchase Price: $100,000 to $2 million
-Loan Amount: $100,000 to $2 million
-Payment: Interest only
-Points: 1% on the white label program!
-No Upfront Appraisal!
-Fastest closing (3-5 days)
-LTC: Up to 85%
-LTV: Up to 70%
-Term: 6-12 months
-Financing for purchase and renovation costs
-Quickest draw process in the industry
-Geography Nationwide (except MN, MO, LA, NV, NY, SD, ND, and UT)
-Property Types: SFR, and 2-4 Units
-No prepayment penalty
-Credit score: 660
-Some programs require NO appraisal or credit check
APPLY NOW
If you can send me the following information we can get terms together for you!
Info needed for a Term Sheet: As applicable of course
· Property Address:
· Property Type:
· Number of Units:
· Loan Type:
· Purchase/Refi/Cash Out:
· Purchase Price/Existing Loan Amount:
· Current Market Value:
· Purchase Date:
· After Repair Value:
· Rehab Budget:
· Approx. Property Taxes:
· Approx. Hazard Insurance:
· Tenant/Market Rent:
· Closing Date:
· Borrower Credit Score:
· Borrower (Guarantor) Name:
· Borrower’s Entity Name:
· Borrower Email:
· Borrower Phone:
· Borrower Experience (# of completed properties in the last 36 months):
· Borrower Liquidity (cash on hand, 401K, IRA, CD’s, money market accounts):
· Disclose if there have been any bankruptcies, active lawsuits, tax liens, judgements, or convicted felony/fraud related crimes in the last 3 years:
These are the documents needed to close –
- Drivers License
- Experience Tracker (if they don’t have experience it is fine too)
- Scope of work (If renovations are needed)
- LLC Documents – Operating Agreement, Articles of Incorporation/Formation, SS4 form (EIN document), and Certificate of Good Standing
- HUD/Deed or Purchase Contract
- Title Company Contact/Information
- Insurance Contact
- Voided Check
- 60 Days of Bank Statements
- If leased, provide a copy of the lease
- If a refinance, provide a copy of the payoff
Below, you’ll find a brief overview of our current offerings, which I believe could align perfectly with your portfolio:
Residential Fix & Flip/Purchase & Rehab
- Properties: 1-4 units
- Financing: Up to 90% of Purchase Price and 100% of Rehab, subject to special conditions in certain areas.
- Rates: Starting at 9.5%
- Loan Amount: $75K – $3MM
- Term Length: 12-24 Months
- Minimum FICO: 650
Residential Rental Purchase/Refinance
- Properties: 1-4 units
- LTV: Up to 80%
- Rates: From 6.5%+
- Loan Amount: $100K – $3MM
- Term Length: 30 years
- Minimum FICO: 660
Multi-Family/Mixed-Use Bridge Loans
- LTC/LTV: Up to 85% LTC / 80% LTV
- Rates: Starting at 10.0%
- Loan Amounts: $100K – $3M
- Terms: 12-18 months
Residential New Construction
- Financing: Up to 90% of Project Cost
- Rates: From 10.0%
- Loan Amount: $100K and up
- Term Length: 12-24 months
- Minimum FICO: 660+
Please feel free to contact us directly to schedule a meeting or call. Your time and consideration are greatly appreciated, and I we are always eager to explore the possibilities of our partnership.
Warm regards,