See an investment property that you are looking to get into quickly? Perfect! Our investment property loans allow our investors to purchase an investment property without proving income through bank statements or tax returns. Instead, we look at the value of the property or the rental income of the property. The property types include single-family residences, 2-4 units, condos, and Townhomes.
Long Term 30 year fixed Private Money Loan
This loan program makes it easy for real estate investors to acquire the property quickly. Closing times take 12-14 days. The credit score requirement starts at 650 minimum and all property values must be at 100k and up. Rates start at 4.49% for fully amortized loans.
No I don't work for them! Seriously curious if anyone has used them.
I've heard their rates are high. Rates starting at 4.49% makes me think they base the example off 800+ FICO, 50% LTV rate and term refinance. It's like the car dealership that says you can buy a brand new Corvette for 20K at a .01% interest rate.
Rates for those types of loans programs should be a little more comparable to conventional.
I've heard their rates are high. Rates starting at 4.49% makes me think they base the example off 800+ FICO, 50% LTV rate and term refinance. It's like the car dealership that says you can buy a brand new Corvette for 20K at a .01% interest rate.
Rates for those types of loans programs should be a little more comparable to conventional.
Doing a Multi - House closing with them now. Cash out Refi on 4 investment properties Ill let you know how it goes
I’m in the process of using them. Was told by my loan officer Josh I’d be closed in under 5 weeks if the appraisals came back. Signed and paid for appraisals 12/10/2021. Appraisals came back fast. Had them by the New Year. Now it’s March. Going on 3 months. They have been “working on” or “processing” my loan for over 2 months now. They won’t give me a reason why is not clear to close. They have everything imaginable. Title cleared it a month ago. And all of a sudden they stopped responding. I lost a $5k emd because I didn’t have the money from the refi from the 4 properties they said they have done to purchase my investment property. Now I’m screwed. With no end in sight. My credit was 715-720. Now I’ve been running up my credit cards to finish my rehab since I don’t have my money. My credit dropped. I already paid almost 4K in appraisals. And for 3 months I’ve been calling daily. My loan officer and his supervisor. Can’t give me an answer why my loans arnt closed. They keep giving me fake dates through the whole month of February when I would be clear to close. They come and go with. I explanation. So now I’ve graduated to 3 months later and now people just ignore my emails. Don’t answer or return my calls. And at this point I’m Thinking I just got scammed after checking this board about the fake reviews.