15/30, Fix&Flip, 600 Fico, $75k-2.5M
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  1. #1
    Member Reputation points: 18
    Join Date
    Dec 2016
    Location
    New York
    Posts
    30

    15/30, Fix&Flip, 600 Fico, $75k-2.5M

    Bridge Lending Criteria
    • Loan Amount: $75K-$2.5M
    • Minimum Credit Score 600
    • LTV on purchases: Up to 85% of the as-is value or the purchase price, whichever is lower. Up to 100% of the rehab costs, funded in draws. ARV as high as 75%.
    • Rates: 9.99-11.99% Interest only
    • Term: 12 Months or 18 Months with an option for an additional 6 months
    • Collateral: Non-Owner Occupied Real Estate Only
    • Closing: 10-15 Business days
    • Loan Type: Single Family, Multi-family, Bridge Loans, Real Estate Acquisition, Short sales,
    • REOs, and Bank-Foreclosed Residential Properties
    • Lending Area: Nationwide

    Lending Criteria 30 year product
    • Minimum Credit Score 660
    • Loan Amount: $75K-$1.0M
    • LTV on purchases: Up to 80% of the as-is value or the purchase price, whichever is lower. Up to 75% LTV on a no cash out refinance, up to 70% on a cash out refinance
    • Rates: 5.99-7.99% amortized
    • 30 years, fixed rate
    • Collateral: Non-Owner Occupied Real Estate Only
    • Closing: 10-15 Business days
    • Property type limited to 1-4 family rentals
    • Lending Area: Nationwide

  2. #2
    Senior Member Reputation points: 34509 Jstarr's Avatar
    Join Date
    Nov 2014
    Location
    South Florida
    Posts
    840

    15/30, Fix&Flip, 600 Fico, $75k-2.5M

    lol..
    Jerry Starr
    Insource Funding
    433 Plaza Real,
    Boca Raton, Fl 33432
    P: 800-805-3391 Fx: 561-270-6895
    insourcefunding.net

    WHAT WOULD YOU DO " IF " YOU HAD THE CAPITAL

    ◆ 50% LTV - No Fico Required
    ◆ 90% CLTV on Purchases
    ◆ Investment Residential / Commercial Properties



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