Can Fund $75K to $1M
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PROGRAM OVERVIEW:
-NOO 1-4 units only
-We can lend up to 90% of purchase price and 100% of rehab costs
-No tax returns or financials required (just 3 months bank statements
and some other basic documentation)
-No primary residence ownership required (if the borrower rents, that is fine)
-6 to 12 month terms(no PPP)
-NO DSCR requirement, vacant properties are fine
-Rates start at 7% and can go as high as 18%
-500 credit minimum
-No BKs inside of 3 years, no foreclosures inside of 2 years
-Pricing is determined on experience, LTV and the more properties
they own or have owned (NOO 1 to 4s only), the better the rate.
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STATES WE LEND IN:
CO, CT, GA, TN, TX, WA, WV, VA, FL, IL, OH, MD, MI, MO, NC, PA, SC and CA only.
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CONTACT US TO APPLY:
EMAIL: hml@elitefactoring.com
Office: 314-252-0299