Updated 7 months ago on . Most recent reply
Metro Flippers Investments Lender
Hello everyone,I am a mortgage broker. I have been talking to a lender Metro Flippers Investments. They seem to be offering 100% funding and 100% rehab. The interest rate is between 7.95% and 9.95% depending on credit score. They charge $2,500.00 upfront fee once the initial loan agreement has been signed by the borrower. The AE claims that the $2,500.00 will be reimbursed at closing once the loan closes. I have found 2 or 3 reviews for this lender a couple claimed to have closed with them. Below is a promo flyer I received from them; again not enough reviews to move forward confidently with this lender. Has anyone in this forum worked with them or maybe have a loan in the process? Your honest input or feedback will be greatly appreciated. Thanks.
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They worked really well with me. Laura Young was my funding officer, and I settled the $4000 security deposit in January and received a credit back at closing in the last week of February. The Loan approval was 90% LTC and 100% rehab; you are lucky to be able to take advantage of the 100% financing deal. Maintaining continuous communication and being meticulous in supplying the documentation that their Underwriter requests are essential for a speedy closing with Metro Flippers. They will call you each day, which is usually a good thing because you'll always know how your loan application is doing and they'll make every effort to close by the deadline—barring any unforeseen circumstances.