Fix and Flip Program
Loan Amount: $50,000 – $2,000,000 (larger on a case by case)
Leverage: Up to 90% of purchase price and 90% of rehab
Interest: Starting at 7.00%
Points: Between 1-3
Term: 12 months
LTV: Up to 75% ARV
Credit: Min 600 credit score
Recourse: Yes
Pre-Payment: None
Underwrite: No Doc and Light Doc Options Available
No more closing attorney’s to delay closing
Reduced closing fees with no high attorney fees
Can close in 5 days or less now
Borrower CAN order their own appraisal
Cash Out Refinance Program
Loan Amount: $50,000 – $2,000,000 (larger on a case by case)
Leverage: Up to 75% As Is Value
Interest: Starting at 7.00%
Points: Between 1-3
Term: 12 months
LTV: Up to 75% ARV
Credit: Min 600 credit score
Recourse: Yes
Pre-Payment: None
Underwrite: No Doc and Light Doc Options Available
No more closing attorney’s to delay closing
Reduced closing fees with no high attorney fees
Can close in 5 days or less now
Borrower CAN order their own appraisal
Ground Up New Construction Program
Loan Amount: $50,000 – $2,000,000 (larger on a case by case)
Leverage: Up to 85% LTC (Purchase and rehab)
LTV: Up to 75% ARV
AIV: Will look at as is value to ensure it covers the land purchase price
Experience: Min 3+ ground up deals completed previously
Interest: Rates start at 7.50%
Points: Between 1-3
Credit: Min 600 credit score
Underwrite: No Doc and Light Doc Options Available
No more closing attorney’s to delay closing
Reduced closing fees with no high attorney fees
Can close in 5 days or less now
Borrower CAN order their own appraisal
drop me an email to inquire about this loan
jnovak@privatemoneybillboard.com
