For any borrower looking for financing please check out the quick snapshot of the loan programs below, BEFORE CONTACTING ME PLEASE MAKE SURE YOU HAVE THE QUALIFICATIONS NEEDED

After Repair Value Loan Criteria

Collateral: Non-Owner Occupied 1-4 Family Real Estate; Condos; Townhomes: 5+ Unit Apartments; Mixed-Use Properties
Loan Amount:
$50k – $2M for 1-4 Family, Condos, & Townhomes
$250k – $3M for Multi-Family (5+)/Mixed-Use
Term: 12 months (6-Month Extension Available)
LTV:
Purchase: Up to 90% of Purchase Price + 100% of Renovation Costs; Not to Exceed 75% of the ARV
Refinance: Up to 75% As-Is + 100% of Renovation Costs; Not to Exceed 70% of the ARV
Cash-Out: Up to 67.5% As-Is + 100% of Renovation Costs; Not to Exceed 62.5% of the ARV
Rates: Starting at 8.25%
Credit Score: 650 min


Buy-To-Rent Bridge Loan Criteria:

Collateral: Non-Owner Occupied 1-4 Family Real Estate; Condos; Townhomes: 5+ Unit Apartments; Mixed-Use Properties
Term: 24 Months (12-Month Extension Available)
Loan Amount:
$50k – $2M for 1-4 Family, Condos, & Townhomes
$250k – $3M for Multi-Family (5+)/Mixed-Use
LTVs:
Purchase: The lesser of Up to 75% of the As-Is Value or Up to 75% Loan-to-Cost
Refinance: Up to 70% of the As-Is Value
Cash-Out: Up to 60% of the As-Is Value
Rates: Starting at 8.89%
FICO: 650 Minimum


Long-Term Rental Loan Criteria

Collateral: Non-owner Occupied 1-4 Family Residential Properties; Condos; Townhomes
Term: 30 Years
Amortization Options: 30-Year Fixed; Hybrid ARMS (5/1, 7/1, 10/1); 10-Year Interest-Only
Loan Amount: $50k-$2M
LTV:
Purchase: Up to 80% of purchase price (720+ score)
Refinance: Up to 75% of the As Is Value (720+ score)
Cash-Out: Up to 75% of the As Is Value (720+ score)
Rate: Starting at 4.95%
Credit Score: 650 min
Prepayment Penalty: 0-5 years, shorter prepay periods will have higher rates
Minimum DSCR of 1.10

if any potential borrower has any question please contact me WAYNE SANDERS at 

studiosandmanx@yahoo.com

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