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Selah Abrams
  • Alhambra, CA
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What should I ask about these deal terms?

Selah Abrams
  • Alhambra, CA
Posted Jan 19 2022, 07:48

Hey fellow investors! I was sent these deal terms by a reputable colleague - what should I/We ask? Any ideas on how I/We can best utilize this financing? Thank you!

Terms

  • Rate: as low as 12%
  • Term: up to 24 months
  • No personal guarantee
  • No title insurance required (perfect for tax deeds still in redemption)
  • No minimum FICO score
  • 4% origination fee
  • Up to 80% LTV
  • No minimum term length
  • Georgia, Florida, and Texas
  • Interest only loan
  • Minimum financing amount $50K per application
  • Must hold Recorded Deed for all parcels

Funding Process:

  1. 1 Online application in under 5 minutes
  2. 2 Preapproval from underwriting
  3. 3 Sign contract with $40 app fee
  4. 4 Asset review and final underwriting
  5. 5 Funds wired within 1 business day of signing and closing

Perfect for:

  • Flips
  • 1031 exchanges
  • Residential
  • Commercial
  • Multi-unit purchasing
  • Vacant land deals
  • Vacation and short-term rental
  • RV and manufactured home park
  • Self-storage
  • Tax deeds still in redemption period

Not Accepted (DO NOT APPLY):

  • Any lien properties
  • 2nd Position not accepted, must be 1st
  • Lack of clear ownership
  • If you don’t have the deed in YOUR NAME

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