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11-11-2016, 10:53 AM #8
Just fyi, someone is looking for hard money, FICO isn't a factor - these deals are asset based and not credit driven, and we don't care about the " use of funds" the only purpose for the fico is to determine interest rate - the better the score the lower the rate, trust me ive done several deals where the borrower Fico was sub 500. If the numbers make sense, the property is in a good MSA, we have comps, and not too many title issue - its a go... and if they have a high end boat CALL ME RIGHT AWAY...
We don't do distressed, i will entertain properties in foreclosure - but with a good explanation on how we will get paid, short sales, wholesale transaction funding etc... i will do construction depending on area of the country.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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