100% For the Purchase 100% Rehab
Rehab Mortgages ALL 50 STATES
Investor loans on 1 - 4 Family small apartment buildings.
LIEN POSITION: First mortgage only.
6 months with monthly extensions up to 12 months.
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 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.
Investor Assessment Form
(For Each Loan)
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
3 months of Bank Statements
2 years of Tax Returns
3 Most Recent Pay stubs
Have a Powerful Day
George R. Mallory, VP of Finance
27 North Wacker Drive Suite 1121 Chicago IL 60606
Conference Line: 712-432-0360 Code: 1078921#