All Forum Posts by: Kevin Dureiko

We like to see something reasonable, say 4 months. Our/most lenders guidelines really are not the issue. Appraisers generally speaking have a hard time giving ARVs to match market so soon. 

The appraisal wouldn't really dictate the entirety of the loan amount either (highest leverage) Do we have a lease that provides a large enough debt service ratio? If we do, then usually the full ARV can be met.

Many moving parts in a quick refi. 

Yes, we exist. The common problem here is recent comps in the area. Most lenders will ask for the amount of rehab to justify the new ARV. The new appraisal will solidify the ARV amount.

Low LTV can offset the low credit in some cases. Depends on how much the property is worth for it to make sense.

Yes and no, for example we use a percentage of the STR to calculate DSCR. Other times if the property owner is new and there's no solid trailing 12 month, we can use market rent. All depends on how your lender looks at the whole picture.

Hope this helps. 

Fix and Flip funding 90/100

Purchase and Rehab (12 months)

Guidelines & Pricing:

Loan Amount: $150k-$3M

LTV of Purchase price: up to 85% for new investors 650 FICO MIN or 90% LTV for experienced investors (3+ properties held or purchased within 36 months 680 FICO MIN)

LTC of Rehab amount: 100%

Max Loan to ARV: up to 75%

Minimum As-Is Appraised Value: $100k

Collateral: Non-owner Occupied 1-4 Family Residential Properties; Warrantable Condos; Townhomes; Planned Unit Developments (PUDs)

Term: 12 months

Rate: Starting at 8.99%

Points: Vary based on loan amount

Credit Score: 650 Minimum

No pre-payment penalty

Can refi to 30 year term for buy and holds

- States: Available in AL, AK, AZ, AR, CA, CO, CT, DE, FL, GA, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MS, MO, MT, NE, NH, NJ, NM, NY, NC, ND, OH, OK, PA, RI, SC, TN, TX, VA, WA, WV, WI, WY

Kevin Dureiko

860-990-3030

[email protected]

Monday-Friday 8am to 4pm EST

A loan program intended for new and experienced real estate investors seeking funding for long-term rental financing nationwide.

1-4 Family, Condos and Townhomes

Minimum Loan Amount $150,000

• Purchase: up to 80% of as-is value or up to 85% of LTC

• Refinance: Up to 80% of as-is value
• Cash-out: Up to 75% of as-is value

Kevin Dureiko

860-990-3030

Hello BP community! Here are the details on our fix and flip program.

We’re a lender based in Avon, Connecticut. A lender is not just someone who funds your deals, they are a partner in the transaction.

You'll enjoy senior level, private client attention and the experience gained over thousands of deals.

We welcome new and seasoned investors.

Below you will find our flip product. For long term rentals please email me directly for a quote [email protected]

Up to 90% of Purchase Price & 100% of Rehab Cost to 75% of ARV:

- Loan Amounts: $100,000 to $3,000,000

- Interest rates: Varies 9.99%-11.99%

- Loan Term: 12 months

- Payments: Interest only monthly, no interest reserve required

- Lien Position: First Only

- Prepay: none

- States: Available in AL, AK, AZ, AR, CA, CO, CT, DE, FL, GA, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MS, MO, MT, NE, NH, NJ, NM, NY, NC, ND, OH, OK, PA, RI, SC, TN, TX, VA, WA, WV, WI, WY

Kevin Dureiko

860-990-3030

[email protected]

Monday-Friday 8am to 4pm EST

Fix and Flip funding 90/100

Purchase and Rehab (12 months) Guidelines & Pricing:

Loan Amount: $75k-$3M

LTV of Purchase price: up to 85% for new investors 650 FICO MIN or 90% LTV for experienced investors (3+ properties held or purchased within 36 months 680 FICO MIN)

LTC of Rehab amount: 100%

Max Loan to ARV: up to 75%

Minimum As-Is Appraised Value: $100k

Collateral: Non-owner Occupied 1-4 Family Residential Properties; Warrantable Condos; Townhomes; Planned Unit Developments (PUDs)

Term: 12 months

Rate: Starting at 8.99%

Points: Vary based on loan amount

Credit Score: 650 Minimum

No pre-payment penalty

Can refi to 30 year term for buy and holds

- States: Available in AL, AK, AZ, AR, CA, CO, CT, DE, FL, GA, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MS, MO, MT, NE, NH, NJ, NM, NY, NC, ND, OH, OK, PA, RI, SC, TN, TX, VA, WA, WV, WI, WY

Kevin Dureiko

860-990-3030

[email protected]

Monday-Friday 8am to 4pm EST

Fix and Flip funding 90/100

Purchase and Rehab (12 months) 

Guidelines & Pricing:

Loan Amount: $150k-$3M

LTV of Purchase price: up to 85% for new investors 650 FICO MIN or 90% LTV for experienced investors (3+ properties held or purchased within 36 months 680 FICO MIN)

LTC of Rehab amount: 100%

Max Loan to ARV: up to 75%

Minimum As-Is Appraised Value: $100k

Collateral: Non-owner Occupied 1-4 Family Residential Properties; Warrantable Condos; Townhomes; Planned Unit Developments (PUDs)

Term: 12 months

Rate: Starting at 8.99%

Points: Vary based on loan amount

Credit Score: 650 Minimum

No pre-payment penalty

Can refi to 30 year term for buy and holds

- States: Available in AL, AK, AZ, AR, CA, CO, CT, DE, FL, GA, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MS, MO, MT, NE, NH, NJ, NM, NY, NC, ND, OH, OK, PA, RI, SC, TN, TX, VA, WA, WV, WI, WY

Kevin Dureiko

860-990-3030

[email protected]

Monday-Friday 8am to 4pm EST

Good evening all. 
Birch & Dobson funds syndications and MF operators with short term acquisition debt and value add financing. 

Reach out at:

KevinDureiko.com

[email protected]

860-990-3030