90% of Purchase Program Available w/ Rates Starting at 7%

HaveFinancingPrivate Money
Classifieds
10yFollow

90% of Purchase Program Available w/ Rates Starting at 7%

Sean RichwayBusiness Member
Lender · Chevy Chase, MD · Member since 2015 · 1k+ posts · 136 votes

Rolling out a new program for investors that purchase properties at a discount below current market value or for properties that do not require rehab. No more standard 70-75% purchase LTV even when buying properties at a discount. See below for the overview:

-90% of PP or up to 80% of appraised value (whichever is lower)
-Rates start at 7% I/O
-2-4 points
-12 month term
-No PPP
Available in the following states: AZ, CA, CO, CT, FL, GA, IL, MD, MI, MO, NC, NV, NY, OH, OR, PA,SC, TN, TX,VA, WA, and WV

Feel free to reach out with any questions directly on this forum or via email [email protected].

Infinity Capital Finance4.48 Reviews
WebsiteView Page
0Reply
103 views

Most Popular Reply

Rasheema Abduls-Salaam
Real Estate Investor · Hilo, HI · Member since 2015 · 134 posts · 14 votes
10y

Hey Sean when will the program offer lending for Delaware properties? 

1Reply
See this reply in the discussion

40 Replies

Jump to latestLatest
  • Rickey Luna
    Investor · Lansing, MI · Member since 2015 · 94 posts · 4 votes
    10y

    What if you have poor credit  

    0Reply
  • Sean RichwayBusiness Member
    OP
    Lender · Chevy Chase, MD · Member since 2015 · 1k+ posts · 136 votes
    10y

    @Rickey Luna  On this particular program we can go down to as low as 500 for the credit score.

    Infinity Capital Finance4.48 Reviews
    WebsiteView Page
    0Reply
  • Rasheema Abduls-Salaam
    Real Estate Investor · Hilo, HI · Member since 2015 · 134 posts · 14 votes
    10y

    Hey Sean when will the program offer lending for Delaware properties? 

    1Reply
  • Sean RichwayBusiness Member
    OP
    Lender · Chevy Chase, MD · Member since 2015 · 1k+ posts · 136 votes
    10y

    @Rasheema Abduls-Salaam  It is hard to tell.  We are constantly expanding our network of where we will lend so it just depends on how many projects we get in those areas, combined with our feeling for strength of business in that state.  These two items are typically what we use to extend our lending geography.  There is a good chance DE and NJ will be added this year but I am not sure as to the exact time frame for when that will occur.

    Infinity Capital Finance4.48 Reviews
    WebsiteView Page
    0Reply
  • Rasheema Abduls-Salaam
    Real Estate Investor · Hilo, HI · Member since 2015 · 134 posts · 14 votes
    10y

    Thanks Sean! I will be waiting :) 

    0Reply
  • Rickey Luna
    Investor · Lansing, MI · Member since 2015 · 94 posts · 4 votes
    10y

    Thanks Sean!!

    0Reply
  • Sean RichwayBusiness Member
    OP
    Lender · Chevy Chase, MD · Member since 2015 · 1k+ posts · 136 votes
    10y

    @Rickey Luna  No problem.  Feel free to reach out with any other questions.

    @Rasheema Abduls-Salaam  Sounds good!

    Infinity Capital Finance4.48 Reviews
    WebsiteView Page
    0Reply
  • Sean RichwayBusiness Member
    OP
    Lender · Chevy Chase, MD · Member since 2015 · 1k+ posts · 136 votes
    10y

    Looking to deploy $10M in February!!!  If you have any projects feel free to reach out.

    Infinity Capital Finance4.48 Reviews
    WebsiteView Page
    0Reply
  • Dave Borrero
    Investor · Vineland, NJ · Member since 2015 · 12 posts · 0 votes
    10y

    @Sean Richway

    Hey there Sean, Im in NJ and looking to do 3 deals this year with ARVs of approximately 

    90K-130K.  Please contact me if you do roll out these programs here in NJ. 

    Thanks

    0Reply
  • Tuan L.
    Real Estate Investor · Cali · Member since 2015 · 86 posts · 7 votes
    10y
    Hi Sean, I sent you an email.
    0Reply
  • Sean RichwayBusiness Member
    OP
    Lender · Chevy Chase, MD · Member since 2015 · 1k+ posts · 136 votes
    10y

    @Dave Borrero  Thanks for reaching out.  I just sent you an email from [email protected].

    Infinity Capital Finance4.48 Reviews
    WebsiteView Page
    0Reply
  • Sean RichwayBusiness Member
    OP
    Lender · Chevy Chase, MD · Member since 2015 · 1k+ posts · 136 votes
    10y

    @Account Closed  The min cost depends on the deal but using 2-4 points and a 7% interest rate would result in 9-11 points on a 12 month term.  If the property was sold in less than 12 months, which most are, then you would have to pro rate the effective cost of interest.  This would result in a lower effective interest rate since you aren't holding the property for 12 months.

    Infinity Capital Finance4.48 Reviews
    WebsiteView Page
    0Reply
  • Sean RichwayBusiness Member
    OP
    Lender · Chevy Chase, MD · Member since 2015 · 1k+ posts · 136 votes
    10y

    @Tuan L.  I did get your email and I am responding to it now.

    Infinity Capital Finance4.48 Reviews
    WebsiteView Page
    0Reply
  • Sean RichwayBusiness Member
    OP
    Lender · Chevy Chase, MD · Member since 2015 · 1k+ posts · 136 votes
    10y

    Looking to leverage a discounted purchase of a property. Tired of having to bring 25-30% down No more, we can fund up to 90% of your SFR 1-4 unit purchase as long as you are buying for a 25% discount or more on current as is value. Any referrals are welcome as well.

    Infinity Capital Finance4.48 Reviews
    WebsiteView Page
    0Reply
  • Charles Worth
    Investor · New York City, NY · Member since 2015 · 808 posts · 417 votes
    10y

    @Sean Richway

    Same restrictions on larger rehab projects? 

    0Reply
  • Courtney Merricks
    Investor · Fort Lauderdale, FL · Member since 2015 · 172 posts · 30 votes
    10y

    @Sean Richway, Good Evening Sean, I have this property that we just put under contract here in Florida. We are looking to hold it for 12 months, I am going to send you an email with the information regarding the property.

    0Reply
  • Benjamin Pekarek
    Rental Property Investor · Asheville, NC · Member since 2015 · 307 posts · 127 votes
    10y

    Good evening Sean, I shot an e-mail to [email protected], but I'm getting a kickback. I need a bridge loan on a rental property in Fl, and am looking to purchase my next project.

    -Ben

    0Reply
  • Sean RichwayBusiness Member
    OP
    Lender · Chevy Chase, MD · Member since 2015 · 1k+ posts · 136 votes
    10y

    @Charles Worth  On this program specifically if we included rehab it would be at 100% of rehab costs, but the rehab cannot exceed the purchase price.

    Infinity Capital Finance4.48 Reviews
    WebsiteView Page
    0Reply
  • Andy A.
    Investor · Pleasanton, CA · Member since 2015 · 87 posts · 16 votes
    10y
    Does this program also cover any portion of rehab in adding to 90% purchase?
    0Reply
  • Sean RichwayBusiness Member
    OP
    Lender · Chevy Chase, MD · Member since 2015 · 1k+ posts · 136 votes
    10y

    @Courtney Merricks  Sounds good.  I will keep an eye out for the email and respond back to you.

    Infinity Capital Finance4.48 Reviews
    WebsiteView Page
    0Reply
  • Sean RichwayBusiness Member
    OP
    Lender · Chevy Chase, MD · Member since 2015 · 1k+ posts · 136 votes
    10y

    @Benjamin Pekarek  Try [email protected].  I think there might be an additional "to" being included in the email, which is why it is kicking it back.  Let me know if that works.

    Infinity Capital Finance4.48 Reviews
    WebsiteView Page
    0Reply
  • John Turner
    St Thomas, Ontario · Member since 2015 · 136 posts · 33 votes
    10y

    Hi Sean

    Are you available to lend to Canadian citizens buying in NC? Looking for approximately $120,000.

    0Reply
  • Sean RichwayBusiness Member
    OP
    Lender · Chevy Chase, MD · Member since 2015 · 1k+ posts · 136 votes
    10y

    @Andy A.  Yes, this program also will cover 100% of the rehab costs.  As long as the rehab does not exceed the purchase price we can do 100% of those costs as well.

    Infinity Capital Finance4.48 Reviews
    WebsiteView Page
    0Reply
  • Sean RichwayBusiness Member
    OP
    Lender · Chevy Chase, MD · Member since 2015 · 1k+ posts · 136 votes
    10y

    @John Turner  At this time we cannot do any foreign nationals under this program.

    Infinity Capital Finance4.48 Reviews
    WebsiteView Page
    0Reply
  • John Turner
    St Thomas, Ontario · Member since 2015 · 136 posts · 33 votes
    10y

    Thanks for letting me know. If that changes, please get in touch with me.

    0Reply
Join the conversationCreate a free account to reply, vote on answers and follow this thread.
Log InJoin for Free