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,…

Continue

Added by Darwin Fielding on October 31, 2013 at 12:37pm — No Comments

© 2020   Created by Admin.   Powered by

Badges  |  Report an Issue  |  Terms of Service