100% For the Purchase 100% Rehab

 Rehab Mortgages ALL 50 STATES

 

PROPERTY TYPE:

Investor loans on 1 - 4 Family small apartment buildings.

LIEN POSITION: First mortgage only. 

STANDARD TERM:

6 months with monthly extensions up to 12 months.

 

ADVANCE RATE:

Up to 100% of the purchase and rehab, subject to: (i) a minimum borrower funded reserve of 12.5% of the loan amount and prepaid interest for six months, and (ii) up to a maximum LTV of 65% of the After-Repaired-Value of the property.

 

RENOVATION FUNDS:

Renovation in three draws, and wired directly to your account. Rehab portion of the loan typically not to exceed 100% of acquisition cost.

 

GUARANTEE: Personal guarantee required.

QUALIFYING DOCUMENTS:

Investor Assessment Form

LOAN DOCUMENTATION:
(For Each Loan)

Purchase Agreement

Summary of Rehab Work to be Completed

After-Repair-Value Appraisal (Obtained by Stanford)

Title Policy (Obtained by Stanford)

Stanford Deal Submission Form

Pictures of Rehab Property

Home Inspection

3 months of Bank Statements

2 years of Tax Returns

3 Most Recent Pay stubs

Signed 4506-T

 

 

 

Have a Powerful Day

George R. Mallory, VP of Finance

Direct:  917-653-5215

Fax:      917-210-2968

Email: georgeM@stanfordestatecapital.com

Website: https://www.stanfordestatecapital.com/

27 North Wacker Drive Suite 1121 Chicago IL 60606

Conference Line: 712-432-0360 Code: 1078921#

 

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