rehab loans
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  1. #1

    rehab loans

    I am looking for a direct lender that can finance the renovation of an existing commercial property. The property is located in Houston TX, borrower needs a total loan amount of $600K. Great credit scores.

  2. #2
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    Quote Originally Posted by kelton37 View Post
    I am looking for a direct lender that can finance the renovation of an existing commercial property. The property is located in Houston TX, borrower needs a total loan amount of $600K. Great credit scores.
    Call me to go over details.
    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

  3. #3
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    Hey Kelton

    If your borrower is looking to buy and rehab
    I have a direct lender for this scenario at 65% LTV of ARV
    if he/she currently owns the property then I can assist with this deal from that perspective as well.

    Rates are 12% for the 1st year and .50 point up after 12 months
    Interest onl.

    No tax returns
    NO DSCR coverage needed

    It can be vacant if your buyer can show affordability.
    Private money is the ay to go here for speed and ease of use.

    Can cross collateralize as well.

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