Private Money Loans Needed for Rehab/Flip Properties in Florida

I am a real estate investor in Florida. We buy multiple properties each month and are looking for funding for rehab and flip deals. I have over 15 years experience as a wholesaler and know what I'm doing... I keep the very best deals to rehab and wholesale the rest. We rehab, rent and sell as turn key investments too, so a minimum one year term would be preferred. If you've got access to funding, please contact me.

Thanks,

Tim

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Permalink Reply by Felix Lopez on August 28, 2013 at 4:55am

My name is Felix and I am a Finance Specialist. We can help you.

Call my partner Courtney Lawrence and she will talk to you about the kinds of funds we provide. Also go to our website. For any questions please to hesitate to reach us.

Felix And Courtney Lawrence:

Phone: (949) 777-5509 | Fax: (949) 309-2731

Email: courtney@businessfinancestore.com

Website: www.financeneeds.com/7397

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Permalink Reply by Grischa Denmark on September 3, 2013 at 5:21pm

HI Tim,

We have the below program please fee free to contact me if this will work for you. We also have financing for blanket loans on 5 properties or more if the properties fall below the 150k minimum required on the below program. These programs are more for buy and hold than flipping.

Light Doc Residential & Commercial Investment Property Loans, No Taxes Required!!!!

The max loan amount to one borrower is 2.5mm, fixed for 3 years after 3 years it will switch to adjustable. There are no tax returns required and the properties can be vacant. If you are interested please feel free to contact me. The only documents I need is a 1003, rent roll or lease if the property is occupied and I will need to pull credit. This program is for single family detached up to 4 units no condos. We can also fund commercial properties as well under this program. There is no maximum amount of homes you can own as long as you don't go over 2.5mm.

Max Loan:
$1,000,000
Min Loan:
$150,000
Max LTV:
70%
State Rate:
7.99 % (Rates adjust daily)
Margin:
4%
Min FICO:
650
Prepay Premium
3% for fixed years

Below is some more information on the residential investment program, we can also fund commercial on this program as well.

Transaction Type……………………Purchase, Refinance & Cash-out Refinance
Loan Amounts..…………………….$150,000 to $1,500,000
Amortization/Term………………...30 year fully amortizing / 30 year loan (other amortization options available)
Index………………………...…………WSJ Prime | Margin: 4%
Rate Caps………………………..……2% first adjustment then 1% periodic | 2% annual - 6% life over start rate
Prepayment Penalty…………………5%for each year loan is fixed. - Example: 3yr fixed = 5%, 5%, 5%
Multifamily < 5 Units: 3% for each year fixed
Prepayment Buy Down……………1 year buy down add 1.00% to start rate (max buy down = 1 year)
Rate Buy down………………..……1pt fee =.50% rate reduction (max 1%) | Min. Rate: 7.99%
DCR Requirements…………..……1.20x

Not Offered In The Following States

Alaska Illinois
Minnesota Michigan
New Hampshire North Dakota
Oregon South Dakota
Utah Tennessee
Vermont

ht Doc Residential & Commercial Investment Property Loans, No Taxes Required!!!!