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All Forum Posts by: Doran Summers

Doran Summers has started 21 posts and replied 497 times.

Post: No Doc 90% of PP & 100% of Rehab Flip Funding Nationwide

Doran SummersPosted
  • Lender
  • Chicago, Il
  • Posts 608
  • Votes 70

We are proud to announce our No Doc Fix and Flip Funding that is now available nationwide! Our Fix N Flip Programs specialize in the below features:

-Up to 90% of Purchase and 100% of Rehab (within 65-70% ARV)

-Interest rates between 9.99-10.99%

-Points below 3.5 on all deals

-Closing in as little as 2 weeks on the first deal

-No Tax Returns or Income Verification

-No Asset Verification or Seasoning/Sourcing of Funds

-No Bank Statements

-Experienced Operators

-No PPP

-2nd Liens Allowed

-GAP Funding Allowed

-Brokers protected on the HUD for up to 1 point

-Nationwide except NV, SD, ND, and VT

GAP Funding:

-Up to 100% CLTV in part with our first above

-$2,000-$4,000 fee paid at closing on the HUD for the GAP funds

-No monthly payments

-Equity split on the backend of 20-50% of net profit, depending on the cash outlay of the sponsor vs. GAP investor

-Secured in 2nd position along with our 1st position

First Timer Rehab Loan:

-Up to 90% of Purchase and 100% of Rehab (within 65-70% ARV)
-Interest rate starts at 9.99%
-Points between 2.5-3.5
-Closing in as little as 2-3 weeks on the first deal
-No PPP
-Brokers protected on the HUD

To get a quote you can apply right through our website below.

Www.muevoinvestments.com

Post: Cash Out Refinance or Line of Credit

Doran SummersPosted
  • Lender
  • Chicago, Il
  • Posts 608
  • Votes 70
Not many banks or any that I know will do it. You may have to use non prime hard money if you looking for terms close to bank rates. They usually start at 5.25%.

Post: Has anyone used dohardmoney.com?

Doran SummersPosted
  • Lender
  • Chicago, Il
  • Posts 608
  • Votes 70
I see this question gets asked every week. You might want to check the forums on them. They do charge $3,000 upfront and still may not fund your deal.

Post: Hard money lender and cash purchase at auction

Doran SummersPosted
  • Lender
  • Chicago, Il
  • Posts 608
  • Votes 70

No problem Mark. Here if you have additional questions.

Post: Hard money lender and cash purchase at auction

Doran SummersPosted
  • Lender
  • Chicago, Il
  • Posts 608
  • Votes 70
Mark DiPietro make sure you can get access to the inside for the bpo or appraisal. That’s very important or you will either may not be able to get funded.

Post: Searching for hard money in CA? Let our app do the search.

Doran SummersPosted
  • Lender
  • Chicago, Il
  • Posts 608
  • Votes 70

so a client goes on the app. Searches for fix and flip loan for $150,000. Finds lenders based on specific qualifications. The borrower then contacts those lenders directly?

Post: Searching for hard money in CA? Let our app do the search.

Doran SummersPosted
  • Lender
  • Chicago, Il
  • Posts 608
  • Votes 70

Is this like Scotsman guide and others?

Post: lenders for 30 year refi's

Doran SummersPosted
  • Lender
  • Chicago, Il
  • Posts 608
  • Votes 70
Roger S. Why are you looking for a different direction?

Post: lenders for 30 year refi's

Doran SummersPosted
  • Lender
  • Chicago, Il
  • Posts 608
  • Votes 70
Kerry Baird any particular reason you used Ridge Financing?

Post: EMD Funding - 30 Days or Less

Doran SummersPosted
  • Lender
  • Chicago, Il
  • Posts 608
  • Votes 70
Sean Richway I don’t know if you know Tod Snodgrass but he does EMD up to $50,000. I can email you and introduce him.