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12-22-2019, 01:59 PM #1
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,869
ARV Pro Loan
The best short-term solution for acquiring and improving property value.
Designed for “fix-and-flip” investors who are seeking a short-term, interest-only loan
to acquire and improve a property based on its “as repaired value” (ARV).
1 FICO ≥ 700 8.75% 75%
2 FICO 650-699 9.00% 75%
General guidelines:
Purpose Provide funds to improve or rehab properties. (Purchase and refinance OK.)
Loan Amounts $75K – $1MM up to 75% of the ARV.
Initial Draw 75% (Lower of purchase price or current value.)
Improvements Schedule of improvements required. (Inspection fees per draw apply.)
Term 1-year, interest only.
Credit Score 650 minimum (mid FICO).
Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
T/VM: 727-291-7890
Office: 727-233-1111
Skype: fc-financial
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