Quote Originally Posted by ectorro View Post
Company flips property.

1-2 deposits a month does 30k-60k a month.

Fico in the 600's.
@brokercompany- Thanks!

Yes, we do fund these type of files. The borrowers enjoy our longer10 year terms so the minimum monthly payments are low. After they flip in about 60-90 days, they can payoff our simple interest loan with no pre-payment penalty. Their total cost of the capital will be our origination fee, plus the 60-90 days worth of interest.