REAL ESTATE FIX & FLIP INVESTORS!?

Below are the details of our 100% Aquisition/ 100% Rehab Program for all Legal Residents of the US, which is GREAT for real estate Investors:

Loan Type: 100% Purchase, 100% Rehab (Tiers vary based on credit) 

Who Can Borrow: Qualified Experienced investors, as well as FIRST-time real estate investors. Individuals, sole proprietorships, partnerships, corporations, LLCs, LLPs, and LPs who are citizens of the United States or holders of “Green Cards”. 

Min/Max Loan Amount: $50,000 - $1,000,000

Property Types: 1st Lien - Investor 1-20 Unit Non-Owner Occupied Residential, SFR, 50/50 Mixed-Use, Commercial and Modular

Rates: As low as 9.99% Interest Only, payable monthly (rate depends on income documentation type, borrower experience, and credit score)

Terms:  Varies per experience - 4 month, 8 month & 12 month options - Extensions Available Up to 6 months 

LTV: Up to 65% of ARV (After Repair Value)

Prepayment Penalty: None

Exit Fees: None

Minimum Credit Score: 620 - FICO scores below 620 will need a co-borrower or guarantor with strong credit and financials.

Income Types Accepted: Full Doc, Lite Doc (personal, business <gain on sale>, net rental)

Liquidity:  Must have at least closing costs + 6 months reserves (3 Months paid at closing).

No Contractor approval required – DIY acceptable (will still need a Scope of Work & Inspection)
Co-Borrowers/Co-Signors: Accepted! This can strengthen the overall Credit, Income &/or Liquidity Draws unlimited. 

States We Can Loan In:  Colorado, Connecticut, Delaware, Florida, Georgia, Illinois, Indiana, Kansas, Louisiana, Maine, Maryland, Massachusetts, Missouri, New Hampshire, New Jersey, New York, North Carolina, Pennsylvania, Rhode Island, South Carolina, Tennessee, Virginia, and West Virginia.

*****New York Investors: We do not lend in Queens, Bronx, Brooklyn, Staten Island, or Manhattan.*****

HOW TO QUALIFY - IT IS RELATIVELY EASY!

This is NOT a stated, no questions asked, zero credit scores showing, 100% program. A tri-merge report will be obtained on each Borrower. The credit report must have been obtained within ninety (90) days of loan closing.

Full Doc - Min 620 Credit Score:

 • 6 Months Bank, money market or securities account statements - All pages, even if blank
• You can use 60% of the value of 401(k) or IRA plans (1 month required, using the most recent balance)
• Two (2) years (most recent) personal/corporate/partnership tax returns
• Two most recent paystubs

Lite Doc - Min 700 Credit Score, or you will need to go FULL doc:
• 3 Months Bank, money market or securities account statements - All pages, even if blank
• You can use 60% of the value of 401(k) or IRA plans (1 month required, using the most recent balance)
• One (1) years (most recent) personal/corporate/partnership tax returns
• Most recent paystubs

EASY LOAN PROCESS

1. Email your scenario over.
2. We will pre-approve and price out your loan.
   You will complete and return an application along with other required documentation.
3. Only FIRST-time Borrowers with this program pay a required $250 application fee (not to us as the Correspondent Lender, but to the investors directly). You only have to pay this ONCE. It is never charged again.
4. Once your loan is closed, submit draw requests as needed. Your funds will be wired right away.

RESERVES/LIQUIDITY REQUIREMENTS 

Borrowers must demonstrate sufficient cash flow to qualify. Various financial information and income sources are analyzed when approving your loan.

You must show a minimum of all closing costs & 6-month interest reserves (3 Months paid at closing)

OUR CUSTOMER DEFINITIONS 

New Customer:  You have ZERO loans funded within the past 2 years. 

Repeat "Premiere" Customer: You are super FAST! You are looking for 4-month term loans, you have 5+ loans with us in the past 2 years, no more than $2M outstanding, and perfect payment history with our loans.

Returning Customers:  You have funded/paid off more than 1 loan within the past 2 years. You do not qualify as a Repeat "Premiere" Customer.

GUIDELINES ON ISSUES 

Bankruptcy: Cannot be currently in bankruptcy (active). BK must be discharged and closed before closing. Chapter 13 cases filed with the last twelve (12) months and Chapter 7 cases discharged within the last twelve (12) months will be considered on a case by case basis with a satisfactory explanation from the Borrower.

Charge Offs, Collections, Judgements: Charge-off and collection accounts greater than three (3) years old and aggregate amounts less than or equal to $7,500 within the past
three (3) years may be left open. Individual charge-offs, repossessions, collections, and judgments over $1,000 within the past three (3) years must be satisfactorily explained. Exceptions will be considered on a case by case basis. Charge offs, collection accounts and judgments that affect title must be paid before closing or from the loan proceeds.

Foreclosure: We will not lend on any property currently in foreclosure unless it is fully satisfied that the transaction is arm's length. Exceptions will be made on a case by case basis.
Borrowers with foreclosure activity with the past twenty-four (24) months will be considered on a case by case basis

Condominium Eligibility: If the property is part of a condominium association, you will need to obtain a condominium questionnaire and insurance certificate from the condominium association to ensure that it meets eligibility criteria.

Email your scenarios NOW!