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Updated about 8 years ago on .

User Stats

186
Posts
62
Votes
Shane Baganz
  • Rental Property Investor
  • Saint Cloud, WI
62
Votes |
186
Posts

High LTV’s In Hard Money – New Bridge/Rehab Program!

Shane Baganz
  • Rental Property Investor
  • Saint Cloud, WI
Posted

Fico – 500+. Yes the lender goes down to 500!

Loan Terms – 12 months, interest only

Loan Size – $75K to $1 Million

Max LTC – Lender will finance up to 90% of the purchase price of the property and 100% of the construction (done in draws).

Interest Rate – 7-12%; Interest rate is determined by investor’s experience.

Property Types – Only 1-4 unit investment properties! This includes Single Family Homes, 2-units, 3-units, 4-units, condos and town homes.

Pre-Payment Penalty – None!

Use of Funds – Purchase, Refinance, Cash-Out Refinance & Rehab

Asset verification – Depends on borrower’s experience. 1-3 months of bank statements.

Points – Loan cannot have more than 4 points associated with it (that is a combined 4 points from the broker and lender!)

Lending Territory – CT, CO, FL, GA, IL, MD, MI, MO, OH, PA, SC, TN, TX, VA, WA & WV.

Closing Time Frame – 15 days. Lender typically just orders a desktop BPO which costs $299 and does not always do a full appraisal. This is how the deal is able to close so fast!

Special – NO JUNK FEES!

Pre-Qualify Now

or Call Shane at: – 262-292-1710

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