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Posted: Sunday, May 28, 2017 8:16 AM

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Quick Closings and NO pre-payment penalties

PROPERTY TYPE: Residential non-owner occupied 1 - 4 family residential investment properties located the Continental US.

LIEN POSITION: First mortgages only. Minimum Loan Amount 75k.

STANDARD TERM: 12 Months.

REHAB FUNDS: We lend 80-100% of the purchase price and 100% of the rehab funds, up to 65=75% of the After Repair Value. LTV variation depends on file and location.

RELEASE OF REHAB FUNDS: Rehab funds are usually paid in one to four draws after verification of repairs, and mailed to you or wired directly to your account.

CLOSING COSTS: Paid at closing.

GUARANTY: Personal guaranty required.

REQUIRED DOCUMENTS:
(i)Completed Lender loan application & supporting documents, including, but not limited to:
(ii) Two years of federal tax returns (both personal & business)
(iii) Three months most recent consecutive bank statements (both personal & business)
(iv) Current statements showing bank accounts & other assets
(v) Company Disclosures
(vi) Rehab estimate of work to be done and draw schedule

LOAN DOCUMENTATION:
(i)Purchase Agreement
(ii)Liability and Property Insurance prepaid for term of loan
(iii)Inspection Report verifying work to be done and cost (obtained by Lender)
(iv)"As-Is" and "After-Repair" value Appraisal (obtained by Lender)
(v) Clean Title

QUICK CLOSINGS:
Once a borrower has been approved, closings can be held within a few days of receipt of appraisal and inspection reports along with proof of payment.

***In addition, we offer many other programs to fit almost any project/scenario, such as Cash Out to 75% LTV, No Seasoning and No tax returns/income verification. We offer Commercial and mixed use funding from 150k to 40 MM, and 100% funding of projects with cross collateralization.

Email now for more details and/or how to get a property and project approved!

• Location: Bridgeport

• Post ID: 13908175 connecticut
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