We have an accepted offer on a property in Harrisburg PA.  It is located in one of the most desirable school districts in the area.

PP - $65,000
repairs - $40,366
total investment needed - $107,126
profit - $25,354

We would like to find a private investor or two for this one but will accept gap funding with HML.

Gap money needed will be a minimum of $17,717 to cover the difference, points, and carrying costs if we get a loan for $100,800.

Email me at purplepliers@ptd.net for more information.

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100% Rehab Bridge Loan Program Highlights                                                                 www.ecapitalfund.com  

Funding Terms: 1-4 family non-owner occupied $50,000 -$500,000
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100% for purchase, improvements & soft costs  - Up to 70% ARV
Interest rate Prime plus 6.25%. Minimum interest rate is 9.5%
Monthly Interest Only Repay
Principal due at maturity
No prepayment penalty
Loan Period 9 Months
Origination Points 3
Loan Commitment Fee 5% - Rolled out of the loan
Credit History - A minimum middle credit score of 680 for all applicants.

Lender Doc Fee up to $450.00 for each project



The appraisal will be ordered by Lender.



The cost of the appraisal is the financial responsibility of the borrower.



Prior to Closing; Title Insurance, Builder's Risk Insurance and Survey
are required.



Repayment - Monthly interest-only payments.



You will receive a decision in 2-3 business days upon submission of a
complete rehab loan package.



Funding available fo the following states:
Ohio, Pennsylvania  Tennessee, Kansas, Missouri, Indiana, Illinois,
North Carolina, South Carolina, New York & New Jersey

www.ecapitalfund.com

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