Lines of Credit to $5M for ACTIVE: Flippers and Builders

[Simmy Ahluwalia]

Please see program below.  If interested, please email us at:  [email protected]

Line of Credit for Experienced and Seasoned Real Estate Investors

Highlights:

The LOC ranges from $500k to $4M

This is a FULL DOC program (2 years tax returns, 3 months bank statements)

Bio/Resume needed on Investor Experience

LOC designed for Investors who have "Experience and Liquid Cash"

Preferred Liquid Cash of between $30k and $50k

NO UPFRONT FEES to establish LOC

LOC is Revolving

Available Nationwide (except CA or NV)

Per Funding Transaction (Settlement Statement) Deal Terms and Guidelines for Fix/Flip

NO appraisal needed - Lender performs Desk-Top Review/Underwriting

Lender funds 90% of Purchase Plus 100% of Rehab (up to 70% of ARV)

Funds available within 5-7 business days

Interest Rate of 12% I/O for 6 months, can be extended up to 12 months

Origination Fee of 5.5% (4 points to Lender, 1.5 points to Broker)

Per Funding Transaction (Settlement Statement) Deal Terms and Guidelines for New Construction

Can lend up to 50% of the acquisition cost of the site

Can reimburse up to 90% of the cost of the site, once construction starts, plus 100% of the construction costs (up to 70% of market/retail value)

Interest Rate of 12% I/O for 6 months, can be extended up to 12 months

Origination Fee of 5.5% (4 points to Lender, 1.5 points to Broker)