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Updated almost 9 years ago on .

User Stats

794
Posts
612
Votes
Andrew Michael
  • Lender
  • Frederick/ Falls Church DC, Maryland & Virginia
612
Votes |
794
Posts

28 Wholesales Under Contract. DC, MD, & VA. We have funding!

Andrew Michael
  • Lender
  • Frederick/ Falls Church DC, Maryland & Virginia
Posted

Buyers, message me your criteria so we can get you on our buyers list.  These deals are moving quick.  

Quick Loan Specs:

- Loan Type: Acquisition + 100% of Construction loan

- Term: 12 months

- Interest Rate: 12% paid monthly (annualized - no prepayment penalty)

- Points: 3%-5% paid at closing of the loan

- LTV: 65% max x ARV

OR

- LTC: 80% max x (Purchase Price + Renovation Cost)

Offering