Larry Foster's Blog – October 2015 Archive (2)

Funding for Fix and flips

Hi All

Looking for lender who will fund 100% of a fix and flip project for my Team.

Specifically looking for:

70-75 % LTV of the ARV of a project with 100% of acquisition funding

Rehab funding to be disbursed in 1/3 1/3/ 1/3 ratio

Criteria based solely on property not financials

Terms for 6 month loan interest only with points paid on the "back side of loan"

Know this sounds tough but this is how I did 10 flips in the past but my "Broker" has…

Continue

Added by Larry Foster on October 19, 2015 at 8:49am — 2 Comments

Looking for Lender who has a program tailored to my needs

Hi All

Looking for lender who will fund 100% of a fix and flip project for my Team.

Specifically looking for:

70-75 % LTV of the ARV of a project with 100% of acquisition funding

Rehab funding to be disbursed in 1/3 1/3/ 1/3 ratio

Criteria based solely on property not financials

Terms for 6 month loan interest only with points paid on the "back side of loan"

Know this sounds tough but this is how I did 10 flips in the past but my "Broker" has…

Continue

Added by Larry Foster on October 16, 2015 at 10:05am — No Comments

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