80% of Purchase Price PLUS 100% of Rehab
direct lender will provide up to 80% of purchase price PLUS up to 100% of rehab cost.
FIRST LIEN POSITION LOAN:
Close in 7-10 business days from receipt of full package & execution of GFE (able to close quicker upon request).
TO SUBMIT FOR LOAN FOR REVIEW, PLEASE SUBMIT THE FOLLOWING ITEMS:
-Prelim (if you have it handy)
-Executed purchase contract
-All addendums/extensions etc
-Approval letters from bank if it’s a short sell
-1003 (loan application)
-Copy of credit report
-Rehab scope of work with cost break down
-Entity Docs: Operating agreement & statement of information & Corp resolution
-Escrow & Title contact info
-ARV appraisal (we will order, once we have the above items from borrower)
If higher leverage is needed (more money is needed),
we are able to do 2nds.
financing). Please inquire for details.
AND OR can offer equity capital (gap