Updated about 8 years ago on . Most recent reply
Fix/Flippers: No Interest Charge on Rehab Portion of Financing
Are you an experienced fix/flipper?
Do you purchase properties in Arizona, California, Washington, Colorado, Texas, Florida, Tennessee, Maryland, Virginia, North Carolina and Washington, DC.?
If you answered yes to both of these questions, we're offer fix/flip financing starting @ 8%.
Additionally, you'll only pay interest on acquisition costs - no interest paid on the rehab portion of the financing!
More loan features include:
1. SFRs and up to 4 units
2. Loan amounts: $50K - $3M
3. Will lend up to 80% of purchase and rehab costs and up to a 70% ARV.
4. Term: 12 months & No PPP
5. Seconds are allowed
6. Points: 2.50 - 4
7. Middle credit score of 620+
8. Closing in 7-10 days.
Send us your fix/flip loan scenario:
Or, call Lathea Morris @ 973.509.1903 Ext. 1#