- 1.FICO 500+ Borrower must be at least 1 year removed from discharge or dismissal of a BK. Low FICO severely lowers the LTV.
- 2.Loan Terms: 12 -24 months, interest only.
- 3.Loan Amount: $100K to $7M.
- 4.Max LTV/ARV: Lender typically finances 75% of the purchase price and 100% renovations. 65% -70% on refinance cash out.
- 5.Interest Rate: 8.99%+.
- 6.Property Types: 1-4 unit, Condos, Townhouses, 5 -50 Units.
- 7.Lending Territory: Nationwide except for North Dakota, South Dakota and Alaska.
- 8.Closing Time Frame: 10-14 Days.
To Find out More Contact Fred Shatzoff 551-272-9066 or [email protected]