CALIFORNIA PROPERTIES ONLY 80% LTV available forAcquisitions of Fix and Flips 100% LTV For Rehab
REHAB/FLIP CAPITAL
80% of Purchase Price PLUS 100% of Rehab
direct lender will provide up to 80% of purchase price PLUS up to 100% of rehab cost.
FIRST LIEN POSITION LOAN:
- CA asset only
- 12 month term
- Up to 80% of purchase price PLUS 100% of rehab**
- 2.75 points + fee for broker
- 10.85-11.99%
- $395 processing fee
Close in 7-10 business days from receipt of full package & execution of GFE (able to close quicker upon request).
TO SUBMIT FOR LOAN FOR REVIEW, PLEASE SUBMIT THE FOLLOWING ITEMS:
-Prelim (if you have it handy)
-Executed purchase contract
-All addendums/extensions etc
-Approval letters from bank if it’s a short sell
-1003 (loan application)
-Copy of credit report
-Rehab scope of work with cost break down
-Entity Docs: Operating agreement & statement of information & Corp resolution
-Escrow & Title contact info
-ARV appraisal (we will order, once we have the above items from borrower)
If higher leverage is needed (more money is needed),
we are able to do 2nds.
financing). Please inquire for details.
AND OR can offer equity capital (gap
Dee Duncan
ACG LLC
Managing Partner
949-200-6080
Replies to This Discussion
-
Permalink Reply by Arden Gist on
-
Construction Loans available/ Rehabs
11% -13% Interest and 2- 4 points ( Closing costs required of borrower)
80% of purchase
9 Month Term
100% of rehab/ construction
Max loan amount on this program is 2MM
Client's credit doesn't matter
California, Arizona,Colorado, Wyoming, Washington, SC, NJ ,Ohio, Texas, Florida, NJ, and Illinois
For this construction loan program
This is very simple
Great for builders and rehabbers
Just need one sheet to review
877-570-5594 Arden
www.GistGroupLLC.com
or email ag29577@gmail.com
-
Permalink Reply by Dee Duncan on
-
If you are not a potential Client please DO NOT POST YOUR OWN LOAN PROGRAMS ON MY PAGE.
All Potential Clients feel free to Private message me for obvious reasons.
© 2024 Created by Admin.
Powered by
