Hi, this is Carlos Reyes from Royal City Enterprise LLC, looking for star up funding I do have several deals in Austin TX, and Orlando FL, working with foreclosure SFR, Bank own 3bed/1+bath fix and flip, fix and hold for rentals. contact me at: carlosreyes6455@sbcglobal.net.     

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Hi Carlos,

 I have the below program available if this will help.

Light Doc Residential & Commercial Investment Property Loans, No Taxes Required!!!!

The max loan amount to one borrower is 2.5mm, fixed for 3 years after 3 years it will switch to adjustable. There are no tax returns required and the properties can be vacant. If you are interested please feel free to contact me. The only documents I need is a 1003, rent roll or lease if the property is occupied and I will need to pull credit. This program is for single family detached up to 4 units no condos. We can also fund commercial properties as well under this program. There is no maximum amount of homes you can own as long as you don't go over 2.5mm.

Max Loan:
$1,000,000
Min Loan:
$150,000
Max LTV:
70%
State Rate:
7.99 % (Rates adjust daily)
Margin:
4%
Min FICO:
650
Prepay Premium
3% for fixed years

Below is some more information on the residential investment program, we can also fund commercial on this program as well.  

Transaction Type……………………Purchase, Refinance & Cash-out Refinance
Loan Amounts..…………………….$150,000  to $1,500,000
Amortization/Term………………...30 year fully amortizing / 30 year loan (other amortization options available)
Index………………………...…………WSJ Prime | Margin: 4%
Rate Caps………………………..……2% first adjustment then 1% periodic | 2% annual - 6% life over start rate
Prepayment Penalty…………………5%for each year loan is fixed. - Example: 3yr fixed = 5%, 5%, 5%
Multifamily < 5 Units: 3% for each year fixed
Prepayment Buy Down……………1  year buy down add 1.00% to start rate (max buy down = 1 year)
Rate Buy down………………..……1pt fee =.50% rate reduction (max 1%) | Min. Rate: 7.99%
DCR Requirements…………..……1.20x


Not Offered In The Following States

Alaska Illinois
Minnesota Michigan
New Hampshire North Dakota
Oregon South Dakota
Utah Tennessee
Vermont

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