Hi Everyone
I have a loan for 4.5 million in place for a multi-property deal and I am in need of 900K to close this mulit- property deal Immediately . The property is valued at 8m and I already have a refi loan in place for 90 days out. The 900K will be a short term 90 day loan with negotiable terms. Please email me at fwljr60@gmail.com
Thank you
Frank
Tags:
Frank if you ever need us, please review our offer, thanks.
100% For the Purchase 100% Rehab
Rehab Mortgages ALL 50 STATES
PROPERTY TYPE:
Investor loans on 1 - 4 Family small apartment buildings.
LIEN POSITION: First mortgage only.
STANDARD TERM:
6 months with monthly extensions up to 12 months.
ADVANCE RATE:
Up to 100% of the purchase and rehab, subject to: (i) a minimum borrower funded reserve of 12.5% of the loan amount and prepaid interest for six months, and (ii) up to a maximum LTV of 65% of the After-Repaired-Value of the property.
RENOVATION FUNDS:
Renovation in three draws, and wired directly to your account. Rehab portion of the loan typically not to exceed 100% of acquisition cost.
GUARANTEE: Personal guarantee required.
QUALIFYING DOCUMENTS:
Investor Assessment Form
LOAN DOCUMENTATION:
(For Each Loan)
Purchase Agreement
Summary of Rehab Work to be Completed
After-Repair-Value Appraisal (Obtained by Stanford)
Title Policy (Obtained by Stanford)
Stanford Deal Submission Form
Pictures of Rehab Property
Home Inspection
3 months of Bank Statements
2 years of Tax Returns
3 Most Recent Pay stubs
Signed 4506-T
Have a Powerful Day
George R. Mallory, VP of Finance
Direct: 917-653-5215
Fax: 917-210-2968
Email: georgeM@stanfordestatecapital.com
Website: https://www.stanfordestatecapital.com/
27 North Wacker Drive Suite 1121 Chicago IL 60606
Conference Line: 712-432-0360 Code: 1078921#
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