Loan Amounts $125,000 to $1,500,000
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!
813 400-3537 office
Hi, Peter. I have a rental I wanted to cash out , property valued around 85,000 I just need 45,000 to pay off rehab debt and purchase another property. property free and clear and rented long term for 1005.00 a month. If this is something you can do please let me know . I also have a few other properties I may want to refi. Thanks Ed firstname.lastname@example.org
haven't heard back from you yet, please contact me email@example.com
sorry Edwin, just saw your email, the min loan amount is 125k per property, i have other programs that can help you but not as good as this one.
Paul, ii can get you a 70% lTV first mortgage, to start with i will need a 1003 and tri merge credit report and a short exec summary
Does your program work for investor/rehabbers like me? I purchase REO's, rehab them and flip them. Let me know. Thanks.
yes it does, please contact me to discuss your deal
I'm waiting on the bank to respond to my most recent offer. We've offered $125,000 and would need $25,000 for rehab. ARV is $225,000 and the plan is to sell the property for $195,000+ A home closed this past month in the neighborhood for $195,000 and they didn't upgrade, paint, etc. so I feel confident my house would move fast at $195,000.
How would your program work on this deal?
we can only lend of as-is or purchase
What is the LTV on sfr? Can you send me any other info? Do you lend in Ohio?