95% LTC REHAB LOAN! New Loan Product!

[Shane Baganz]

Here are the specifics:

Fico – 680 +

Loan Terms – 12-18 months interest only

Loan Size – $150,000+

Max LTC – 90% of purchase price and 100% of rehab not to exceed 95% of total deal cost (purchase price plus rehab budget).

Interest Rate – 11-13%

Lender Points – 2-4 points

Property Types – 1-4 unit investment properties. Standard commercial properties also considered.

Pre-Payment Penalty – No PPP

Use of Funds – Ground up construction and rehab loans.

Cash Requirements – Borrower must have $20k minimum cash in the deal & needs to have cash reserves of 6.5% of the total deal cost in order for lender to close.

Lending Territory – Connecticut, Florida, Maryland, Massachusetts, New York, New Jersey, Pennsylvania, Virginia & D.C.

Closing Time Frame – 14 business days

Appraisal Cost – $450-$600 per property

Exit Strategy – Exit strategy for the borrower must be a sale for this loan product.

Special – Borrower must have completed 6 deals in the past 2 years (bought and sold) to qualify for this program.

Pre-Qualify Now

or call Shane at: 262-292-1710