This value-add loan provides a maximum loan amount equal to 75% of the ARV. Finance up to 100% of the acquisition, rehab cost, points, closing costs and interest reserve. This is a true zero cash to close program for the right property and borrower.

Key Points:

  • 650+ Minimum FICO Score
  • Up to 100% of the Project's Cost
  • Closing Costs, Points and Interest Reserve rolled into loan
  • Experienced Sponsors Preferred 
  • MAI Appraisal Report Required

General Terms:

  • $2 million - $10 million
  • LTC Purchase: up to 100%
  • LTC Rehab: 100%
  • ARV: 75%
  • Rate: Fixed Rate
  • Interest: from 9.00%
  • Term: 12 months - extensions available
  • Interest Only Loan
  • DSCR: N/A
  • Reserves: 12 month interest reserve - included in loan amount

Purpose:

  • Acquisition and Renovation
  • Refinance and Renovation

Collateral:

  • Mixed-Use
  • Multifamily
  • Senior Assisted Living Facilities
  • Student Housing
  • Single Tenant
  • Self Storage


Contact me to discuss your scenario or for additional information.
No Upfront Fee!

--
Doug Braxton
Commercial Mortgage Broker
Braxton and Company, LLC
P: (800) 230-1424
www.braxtonandcompany.com | www.1-4investor.com

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