Nationwide program specifically designed for Real Estate investors that took advantage of the great foreclosure/short sale buyers market by using bridge financing/expensive private funds/hard money to acquire their properties.
These investors picked up great deals, but many are now faced with refinancing out of their properties or they are simply losing too much money monthly due to the rates they are paying. Whichever is the case, this bridge loan (or portfolio refinance program), is just what is needed.
Program has typically the following: • No Recourse • 5-7% Fixed Rate • 25 Year Term With 10 Year Balloon • Good In All 50 States • 500k minimum, no maximum sized portfolios • Cash Out Possible
Getting started and closed for that matter is simple too. We simply need a schedule of properties, a rent roll and an executive summary stating how much money you want and what it will be used for. I will say the more detailed this is, the better.
I get this in and have a service agreement laying out the details in a matter of a couple days if the deal is in fact doable.