Darwin Fielding's Blog – October 2013 Archive (1)
Asset Based financing for Residential and Commercial
RESIDENTIAL:
Residential Asset based to non-prime lending w/min of 500 Fico
Acquisition / Renovation
80% of purchase price & 80% of Scope of Work
12% APR
4 months
Cash-Out Refinance (after renovated and rented)
70% of ARV
10% APR
3 yr term
COMMERCIAL:
- 65% LTV on cash flowing properties (exceptions for great deals).
- 60% LTV on all non cash-flowing properties (raw land may be an exception).
- Min. loan amount $1.5 M,…
Added by Darwin Fielding on October 31, 2013 at 12:37pm — No Comments
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