Offering a credit facility to real estate investors for fix and flips or acquisition only (purchases). Streamline your business today with a fix-n-flip credit facility. Designed for both the novice and professional rehabber.

Highlights:

  • Minimum Mid-FICO 620
  • Individual or Multiple Properties
  • Minimum Property Value $50,000
  • Experience: 1 or more flips, builds or active rentals within the last 2 years
  • Provides proof of funds when sourcing deals
  • Property underwriting approval is faster with a borrower who has an Approved Line of Credit
  • Credit pulled once for the line term and not for each property

General Terms:

  • $1 million - $25 million+
  • Purchase LTC: up to 90% financed
  • Rehab Budget: up to 100% financed
  • ARV: up to 75% max.
  • Interest: from 6.99%
  • Rate: Fixed
  • Line Term: 12-24 months
  • Loan Term: 9 months (per property)
  • Amort: Interest Only
  • No Prepayment Penalty
  • No Escrows Required
  • Revolving & Non-Revolving Options
  • Recourse and Non-Recourse Options

Collateral:

  • Single Family Residence
  • Condominiums
  • Townhome
  • Duplex
  • Triplex
  • Quadruplex
  • Multifamily (5+ Units)

Once approved, start closing as quickly as 5-7 days of an executed contract. Just need to underwrite the property: purchase contract, draw schedule, inspection, valuation, insurance and title work. Don’t waste time getting approved for each deal, get approved once and your done for the line amount and close multiple deals.

Contact me (800) 230-1424 to discuss further or visit www.1-4investor.com for additional information. No upfront fee.

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Doug Braxton
Commercial Mortgage Broker
Braxton and Company, LLC
Phone: (800) 230-1424
E-MAIL
www.braxtonandcompany.com | www.1-4investor.com

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