Fix and Flip & Low Doc Rental Loans

Lender · Elmhurst, IL · Member since 2018 · 100 posts · 24 votes

REHAB FIX & FLIP LOAN

Property Types: Residential 1-4 Units

Term: 9 Months

Rates: As low as 6.99%

Purchase Price (LTC): Up to 90%

Rehab Costs: Up to 100%

Occupancy: Non-Owner Occupied

Prepayment: 3 month’s interest

Purchase or Refinance: OK

Loans up to $5 Million

FICO Score: 600 minimum

LONG TERM RENTAL LOAN

Property Types: Residential 1-4 Units (4+ case by case)

Term: 30 year Fixed or ARMs

Rates: As low as 6.49%

Purchase or R&T Refi: 85% LTV

Cash Out Refi: 75% LTV

Occupancy: Non-Owner Occupied

Prepayment: 3 year (3%-2%-1%)

Seasoning Requirements: Call for details

DSCR Requirements: 1.0x

Loans up to $1.5 Million

FICO Score: 620 minimum

David Nunez

312-628-1162

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