Results 1 to 2 of 2
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02-08-2018, 02:06 PM #1
- Join Date
- Apr 2017
- Location
- Orange County, CA
- Posts
- 93
California -Construction/Bridge Loan $50,000-$100,000.00 for residential renovations
Anyone do any type of residential loans for additions. I need someone who can provide financing for a homeowner who wants 100k for 3-6 months while the addition is being built and until they are able to complete the refinance.
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02-08-2018, 04:57 PM #2
- Join Date
- Feb 2017
- Location
- Fort Washington, PA
- Posts
- 37
If it is a non-owner occupied investment property, in which case the borrower owns the property and is renovating it. I can offer a cash-out refinance, short term bridge loan with interest only payments up to a 75% LTV of the property value, then once the property is completed, we can refinance into our Perm 30 year program, based on a 70% LTV of the appraisal value. You can earn up to 5 points on each of the refinance loans through us. Reach out to me, Scott at 215-619-2543.
Scott Buchholz
Account Executive
Velocity Mortgage Capital
215.619.2543 Direct
sbuchholz@velocitymortgage.com
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