Convert High Interest Hard Money Loan To 30 Year Starting @ 6.25%

[Christopher Winkler]

Landlords with 1/4 rentals, We are able to now offer simple business purpose loans based on your DSCR starting @ 5.75% APR for a 5/1 ARM for Purchase, R/T, up to 80% of LTV or Cash Out up to 75% LTV based on your credit score. Convert your high interest hard money purchase or rehab loan to a 30 year starting @ 6.25% APR.

No reserves required, no limit on the number of units you own, and up to 80% LTV for purchase or R/T also based on your credit score.

If your gross rents are equal to or greater than the PITIA, you can qualify with low docs, no bank statements or income statement needed. Loans must be for business purposes, no vacations or new cars.

NO limit on the amount of units you own! We can also do interest only loans, and if your gross rents do not cover PITIA or ITIA, we can help with a different loan @ a different low rate.

Program Highlights:

• No Pricing Adjustments for cash-out, units, IO, or condo
• Rates Start @ 5.75% APR for 680+ FICO!
• Qualify your DSCR off of the Note rate! If Interest Only, ITIA is used!
• No Income/No Reserves/No Employment on 1003
• Gift Funds Allowed
• 3 Credit Tiers 680+ / 640-679 / & 620-639
• $100,000 to $3,500,000 Max Loan Amount
• $2,000,000 Max Cash Out
• 80% Max LTV
• 620 Minimum Credit Score
• Qualification DSCR ≥ 1.0
• Financed Properties: No Limit on Number of Financed Properties
• 3 Year Seasoning Foreclosure, Short Sale, Loan Modification, Deed in Lieu & Bankruptcy
• Terms: Fixed, ARM & Interest Only Options
• Soft Prepay Available
• 5 Year ARM is 60 Months
• 30 Year is 360 Months
• No Down Payment Required
• 1 Time Application Fee
• 2-4 Points
• CAPS 2/2/5
• Margin/Floor 6%

We can offer these loans in these states now:

• Alabama
• Colorado
• Connecticut
• Delaware
• Georgia
• Hawaii
• Illinois
• Kentucky
• Louisiana
• Maryland
• Massachusetts
• Missouri
• New Jersey
• New York – Coming Soon
• Oklahoma
• Pennsylvania
• South Carolina
• Tennessee
• Texas
• Virginia
• Washington

Shortly we can offer these loans in:

• Arizona
• California
• Florida
• Utah