Small Balance, High Leverage, Rehab/Bridge Program
No Replies
Fred Shatzoff
Lender
posted about 1 month ago
- 1.FICO 660+
- 2.Loan Terms: 12, 18, & 24 months, fixed interest only
- 3.Loan Size: $75,000 to $1,000,000
- 4.Max LTC/LTV: The lender will finance up to 85% LTC, Loan to Cost & 100% of the construction (done in draws).
- 5.The Loan amount cannot exceed 70% of the ARV.
- 6.Purchase w/no rehab = 70%.
- 7.Refinance as is = 65% LTV.
- 8.Property Types: 1 -4 Units, Condos and Townhouses.
- 9.Interest Rate: 7.95% 11.25%.
- 10.Lending Territory: AZ, CA, CO, CT, DC, FL, GA, IL, KY, MA, MD, MI, MN, MO, NC, NJ, NV, NY, OH, OK, PA, SC, TN, TX, WA, AND WV.
To Find out More Contact Fred Shatzoff 551-272-9066 or [email protected]1.