Purchase and Rehab (12 months) Guidelines & Pricing:
Loan Amount: $150K-$3.5M
LTV of Purchase price: up to 85% for new investors or 90% LTV for experienced investors
LTC of Rehab amount: 100%
Max Loan to ARV:  up to 75%
Minimum As-Is Appraised Value: $100k
Collateral: Non-owner Occupied 1-4 Family Residential Properties; Townhomes, Condos
Term: 12 months
Rate: Starting at 7.99%
Points: Vary based on loan amount

Credit Score: 640 Minimum
No pre-payment penalty

Please Email with a short summary of your upcoming property purchase or refinance and a description of any rehab work you would like to have us finance for you. Please include the Investor's FICO score and amount of liquid assets. Also please tell me your best, conservative estimate at what the property will be worth upon completion of this rehab. If you do not provide this information, I will not respond.

If things look good, I will email or call so that we can discuss moving forward with your transaction.

Monty Yeager
Commercial Loan Pros

*** If you are a Broker, so am I but I have relationships with the good lenders. I will work with other brokers one way and one way only - I do all the work and have full contact with the Borrower. You must be compensated by the Borrower outside of closing. When the transaction is completed, you keep the Borrower as your client. My only interest is getting the deal done as quickly and efficiently as possible. You can charge the Borrower whatever you two agree on but know that once the transaction starts, I am in control until closing. Too many brokers out there have ego problems when dealing with a more experienced or more successful broker. I don't have time for that. I just want to close deals and that is something I do very well!

Views: 13


You need to be a member of Real Estate Finance to add comments!

Join Real Estate Finance

© 2022   Created by Admin.   Powered by

Badges  |  Report an Issue  |  Terms of Service