SOFT MONEY LOANS!!!!
Loan Amounts $100,000 to $5,000,000
Loan Purpose • Purchase
• Refinance (rate/term & cash-out)
Property Types single family
• Class I: multifamily (5+ units) and mixed-use
• Class II: office, retail, warehouse, self-storage, automotive services
Debt Coverage Ratio Class I: 1.20 | Class II: 1.25
LTV Class I: 70% | Class II: 70%
Fixed Period 3 & 5 year options
Minimum FICO 650 Middle Score
Pricing Rates starting as low as 6.99%
Term 30 year fully amortizing / 30 year loan
Prepayment Penalty Equal to the fixed period
• Simple loan documents
• No loan committees
• Common sense underwriting
• Permanent financing, NO balloons
• Quick Closings – 20-45 days!
Peter Abraham
813 400-3537 office
pete@jeremacdevelopment.biz
Tags:
We have a property that the ARV is 143k and we owe 125k to our lenders. We would like to refi with a long term loan in order to rent/lease to own the property. Would this be something you could help with? Please email me at chris@purplepliersinc.com
Thanks
Chris
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