Rehab/Construction loans

65% ARV Rehab loans + 30 year fixed landlord/portfolio + 5 + unit rehabs

  

Do you have a deal that needs funding? I would love to see it! 

This is what can be offerred... 
 
Rehab/Construction loans (1-4 unit residential properties) 
  •   625+ mid fico
  •   up to 65% ARV (must have 20% skin in all deals)     
  •   close in 7 days 
  •   loan amounts from 25k and up (75k min in NYC/Nassau and Suffolk Counties)
  •   same day decisions
  •   1-4 unit investment properties ONLY
  •   loan amounts from 25k and up
  •   Rates starting at 10% 
  •   no up front points 
  •   NO JUNK FEES 
5+ unit rehabs - East Coast out as far west as Chicago 
  • 650+ mid fico
  • 80% purchase/ 80% repairs 
  • 250k minimum loan amount 
 
 
For those of you that just finished a rehab, or have free and clear (vacant is OK too) properties your looking to hold long term, a 30 year program is available! Use this program to cash out the 20% you put in your rehab loan, and own the property with money in the deal + collect the rents! 

30 year rental program 
  •  no seasoning requirements (on properties where rehab has been done)
  •  blanket loans OK - no limit to number of properties
  •  630 mid fico and up (all borrowers in the LLC/Corp must meet this requirement)
  •  20-25 day closings 
  •  loan amounts from 45k
  •  up to 75% loan to value 
  •  rates start at 6.5% 
  •  30 year fixed  
Available in  AL, CO, CT, DC, DE, FL, GA, IL, IN, IA, KS, KY, LA, MD, MA, MI, MN, MS, MO, MT, NE, NH, NJ, NC, OH, OK, OR, PA, RI, SC, TN, TX, UT, VA, WA, WV, WI, WY

*** Arizona and CA - now offering a 48 month term for rental properties - rates from 6.99-7.99% (65-70% loan to value);  will also start looking at rehabs as well...

NYC 5 Boros (Brooklyn, Bronx, Queens, SI and Manhattan)- Commercial properties 65-70% loan to value,  no appraisal needed on most loans 

Commercial Properties  - East coast out to Chicago, up to 70% loan to value, 250k minimum loan amount, 650 mid fico, 10-12% rate, close in 7-10 days