All Forum Posts by: Sean Richway

We are lending on a property in Bloomfield MI and are looking for an appraiser to complete the report.

@James Green  If you have any buyers that need financing, feel free to refer them to me.  We can provide 90% of purchase and 100% of rehab financing.  We are DIRECT lenders and NOT brokers.

@Robert Rayford  As long as there is a clear exit on how we will get repaid, we can do refinances as well.

Closings in as little as 2 weeks!

@Viktor R.  If you source any buyers that need financing, feel free to reach out to me or pass them my info.  We could finance this deal at 90% of PP and 100% of rehab.  We are Direct Lenders and NOT brokers.

@Robert Rayford  Right on the money!

@Alex Hamilton  Robert is accurate with those explanations of the acronyms.  We don't have a min credit score as we look at the project itself to determine our interest in funding.  This is what we mean by asset based.  We don't look at the individual sponsor to approve the loan we look at the property itself.  We are a Direct Lender and NOT a broker.

Hassle free, private direct funding for the Fix and Flip investors. Very attractive terms with investors funding investors.

-90% of purchase price
-100% of rehab (we prefer rehab be equal to or less than 50% of PP but can go higher)
-10%-12% interest rate
-2-3 Points
-12 month term
-No PPP
-Up to 70% of ARV
-Stated underwrite with no seasoning or sourcing of assets
-We do NOT look at as is value
-Brokers protected on the HUD

We will lend nationwide, except CA NV, SD, ND, and VT, as long as the sponsor has experience and cash for the down payment, closing costs, and monthly interest payments.

Follow Us Below For Updates and Recently Funded Deals:

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@Bhai Shah  Feel free to reach out to me as we lend in TX at 90% of purchase and 100% of rehab.  We are direct lenders and not brokers.

@Beverly Peffer  Just sent you an email.