[Olderguy]

GROUND UP CONSTRUCTION – 90% LTC – 680 CREDIT SCORE!!!


· Investment Purchase & Refinances

· 680 MINIMUM CREDIT SCORE ALLOWED!!!

· Interest Rates Starting at 11.99%*

· SFR / 2F-4F / Condos / PUDs / Townhouses

· $100,000 - $3,500,000

· Up to 90% of Project Costs

· Up to 75% LTV / 100% Construction Budget / Up to 70% ARV

· 12 – 24 Month Terms Available

· Land Included in LTC Calculation

· Only 1 Month Payment Reserves Required*

· Liquidity Reserves Required – 10% of project

· No Prepayment Penalty

· No Income Documentation Required


· Developers Welcome

· Experience Preferred – No Experience Case by Case Only

· All States – Except MN, VT, UT, OR, SD, ND

[Fundyman]

GROUND UP CONSTRUCTION – 90% LTC – 680 CREDIT SCORE!!!


· Investment Purchase & Refinances

· 680 MINIMUM CREDIT SCORE ALLOWED!!!

· Interest Rates Starting at 11.99%*

· SFR / 2F-4F / Condos / PUDs / Townhouses

· $100,000 - $3,500,000

· Up to 90% of Project Costs

· Up to 75% LTV / 100% Construction Budget / Up to 70% ARV

· 12 – 24 Month Terms Available

· Land Included in LTC Calculation

· Only 1 Month Payment Reserves Required*

· Liquidity Reserves Required – 10% of project

· No Prepayment Penalty

· No Income Documentation Required


· Developers Welcome

· Experience Preferred – No Experience Case by Case Only

· All States – Except MN, VT, UT, OR, SD, ND

Unwarranted condos...?

[Olderguy]

Can finance nonwarrantable condos - thats Fannie, freddie etc...

[Fundyman]

Can finance nonwarrantable condos - thats Fannie, freddie etc...

OK. Thanks. Meaning, they'll get financed, but not likely any low-doc/hard money... Correct?

[Olderguy]

OK. Thanks. Meaning, they'll get financed, but not likely any low-doc/hard money... Correct?

no - we can do it as soft money. 30 year deal. Only Fannie and Freddie care. My guys don't care.