INSTITUTIONAL LOAN PROGRAM
FIX AND FLIP
Funds For Purchase + Rehab, Refinance or Refinance & Cash out Programs Available with Low Down Payment
- Loans up to $2,000,000
- Interest Rate Starts At 9.9%
- Loan To Cost (LTC): Up To 95% (5% down payment)
- Origination Points From 1.5%
- Loan To ARV Up To 75%
- Closings in 48 hours (On 6 and 9 months terms only)
- We Lend in 45 States
- Up to 100% Rehab Funding
- Instant Proof of Funds Letter
- Discount fees for Repeat Borrowers
- No Pre-Payment Penalties (PPP)
- Minimum Loan Amount $75,000
- Credit Score as low as 600
- Type Of Property: Residential Townhouses, Multi Family.
- Interest Only Payments
Documentation and requirements
- Resident, Citizen, Employment Authorization, Foreign Nationals
- Photo ID
- Must have a company open to close title, it can be a new company
- EIN Letter
- Operating Agreement or Bylaws
- Two months bank statements (Proof of available funds to close)
- Purchase contract, assignments
- Complete rehab budget forms
NOTICE
If you have any of the following items below on your credit or record, you will not be able to receive an Institutional Hard Money Loan.
- Bankruptcy within the last four (4) years
- Felonies
- Outstanding Child Support payments
- Judgments
- Tax Liens
- Foreclosure within the past Four (4) years
- Financial crimes convictions
