100% Purchase 100% Rehab

100% For the Purchase 100% Rehab

Rehab Mortgages ALL 50 STATES

PROPERTY TYPE:

Investor loans on 1 - 4 Family small apartment buildings.

LIEN POSITION: First mortgage only.

STANDARD TERM:

6 months with monthly extensions up to 12 months.

ADVANCE RATE:

Up to 100% of the purchase and rehab, subject to: (i) a minimum borrower funded reserve of 12.5% of the loan amount and prepaid interest for six months, and (ii) up to a maximum LTV of 65% of the After-Repaired-Value of the property.

RENOVATION FUNDS:

Renovation in three draws, and wired directly to your account. Rehab portion of the loan typically not to exceed 100% of acquisition cost.

GUARANTEE: Personal guarantee required.

QUALIFYING DOCUMENTS:

Investor Assessment Form

LOAN DOCUMENTATION:
(For Each Loan)

Purchase Agreement

Summary of Rehab Work to be Completed

After-Repair-Value Appraisal (Obtained by Stanford)

Title Policy (Obtained by Stanford)

Stanford Deal Submission Form

Pictures of Rehab Property

Home Inspection

3 months of Bank Statements

2 years of Tax Returns

3 Most Recent Pay stubs

Signed 4506-T