We have a 1 to 4 unit residential loan program that is ideal for experienced investors and novices. Must close in corporate entity.
We offer interest only bridge/rehab loans for the short term flipper.
No personal or property income, no primary residence ownership and no landlord experience.
This bridge/rehab program is currently available in the following states: CA, CO, CT, FL, GA, IL, MD, MI, MO, NC, OH, PA, SC, TN, TX, VA, WA, WV
If you have a true discount deal (not just ARV) you'll love this one.
The base loan amount is a percentage of the AS IS Appraised Value up to 85% of purchase price. No 100% funding except for rehab portion.
Minimum loan $150,000
As-Is value $600,000 (not ARV)
55% $330,000 base, $85,000 rehab= $415,000 9.0%
65% $390,000 base, $85,000 rehab= $475,000 9.75%
Other programs available