We offer non- recourse lines of credit for investors starting at 1 million.
1. One stop shop bridge to term line of credit starting at 1 M to Acquire, renovate and lease vacant homes for a long-term hold strategy for the buy/hold investor - 25% out of pocket from investor - 75% from the line for acquisition and rehab -Minimum of: 75% loan to value or 1.20x projected debt service coverage. The goal is to use the line to build a portfolio of properties and finance them to our term debt program at 75% of fair market value - Repeat process.
2. Fix n flip line of credit starting at 1 M to Acquire, renovate and sell vacant / leased homes - Minimum of: 75% loan to value or 85% loan to cost for acquisition and rehab - 12 - 24 month term.
Please reach out for more details.
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