New Real Estate Line of Credit - Perfect for Acquisitions and Rehabbing

Brand new loan program, now accepting applications nationwide for acquisitions and rehabbing financing that incorporates a combination of a loan and line of credit. For program details please email mike@visionglobalcapital.com.

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Permalink Reply by Maynard Schurman on August 26, 2014 at 3:23pm

Hello Mike,

I have a HUD property under contract in Wilmington Delaware. Purchase price is $71,000 and I have an ARV of $130,000 from a licensed appraiser. The property is a 3 BR 2.5 BA townhome, built in 2008 and needs only cleanuo, paint and carpet. I plan to hold this as a rental property. I do have a lender who will give me a line of credit once the renovation is finished, of 70% of appraised value, so I do have a short term exit if necessary.

Please let me know if you have a program that will fit this property.

Thank you,

Maynard Schurman

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Permalink Reply by Mike Haines on August 26, 2014 at 3:47pm

Maynard how much money are you looking for and what will be the rehab costs? I have several programs available for rehab financing with different structures depending on your needs and qualifications. Please send me more details to mike@visionglobalcapital.com or call me at 949-215-7183 to discuss.