Patrick Donnelly

We made a few enhancements with our Fix & Flip program. If you are a cash or auction buyer for a property 6 months or less you can still qualify for up to 95% of the purchase price and 100% of the rehab, after 6 months we would us the as-is value. We also have a new construction/rehab program where if you are at least 60% done with a rehab or a new construction home you can also qualify. We go up to 70% of the repaired value (ARV). LINE OF CREDIT- BRIDGE/FIX AND FLIP- (Non-owner occupied) Maximum Loan to Cost Up to 95% Maximum Rehab LTC Up to 100% Maximum ARV– 70% Maximum Line Size- $50,000,00.00 Maximum Loan Size- $5,000,000.00 PRICING CREDIT Starting at 6.99% Minimum 600 LOAN TERMS CREDIT LINE UTILIZATION * Up to 9-15 month Interest Only/Fixed Rate * Accessible for (12) months without a complete re-underwrite. Based on Initial line approval date. * Subject to a (3-6 month) discretional extension term (Max of 21 months) * One loan per property allowed ENTITY/GUARANTOR One(1) Guarantor required on acceptable Company/LLC/Corp. Individual owner accepted. BROKER/REFERRAL BENEFITS *Priority Processing- short term funding *Single point of contact/Dedicated Team *Aggressive Pricing *Close Multiple Loans simultaneously *Increased broker incentive *Ease and convenience *Quick Close *Increased exposure- Ability to market over 45 US States Property Types SFR, MULTI TENANT, TOWNHOMES AND CONDOS No qualified experience required RENTAL LOANS * RATES STARTING AT 6.75% * LOAN AMOUNTS AVAILABLE UP TO $1,500,000.00 ARMS, 30 YEAR FIXED RATES AND INTEREST ONLY AVAILABLE * CASH OUT REFINANCE OR PURCHASE 1.0 DSCR CAN QUALIFY * SF, TOWNHOUSES, 2- 4 UNITS, MULTIFAMILY 5-40 UNITS, NON-WARRANTABLE CONDO OK * LTVs AS HIGH AS 85% * FOR PURCHASES AND RATE/TERM REFINANCES * VERY EASY TO QUALIFY AND LITTLE DOCUMENTATION REQUIRED [email protected] (312) 517-0676