Jake Moore's Blog (2)

Looking For Financing For A Client

Please do NOT reply unless you've read the wrinkles and can deal with them. Only very experienced brokers or direct lenders need respond.

State: IL

Type: DSCR Refi

Borrower Experience: A lot verifiable

Borrower Credit: 700 ish

LTV Max

Wrinkles:

1. Has appraisals in the last 6 months with another lender and wants to use them.

2. Little to no cash reserves on last 2 bank statements.

3. Pending judicial foreclosures against borrower…

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Added by Jake Moore on December 8, 2022 at 5:46pm — No Comments

New Construction And Flip Lines of Credit With 620 FICO

Do you have enough capital to do all your deals? If not look at the terms on this real estate line of credit and see if the high ltv plus decent hard money terms would make sense for you.

Up to 90% purchase and 95% rehab on flip

Up to 75% land purchase price and 100% build on new construction

75% of ARV

620+ fico

$50k minimum loan per property

Rates typically 8-10%

Points typically 3.5% (may be higher on small deals)

Must have 1…

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Added by Jake Moore on February 10, 2018 at 8:30am — No Comments

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