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Posted: Saturday, December 2, 2017 8:24 AM

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Private​ and Hard Mortgage Money - Commercial, Investment and Residential (non-primary residences)

​ARV Rehab Loans for Investors (Nationwide)

PROGRAM DETAILS: Up to 65% ARV, 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 money and aleays 100% of the rehab funds = up to 65% of the After Repair Value. LTV variation depends on file and location.

NO INCOME Program: 85% of Purchase and 100% of Rehab to 75% of the ARV.

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:
Completed Lender loan application & supporting documents, including, but not limited to:
(i) Two years of federal tax returns (both personal & business)
(ii) Three months most recent consecutive bank statements (both personal & business)
(ii) Verification of other mortgages
(iv) Credit Report with 600 minimum credit score (obtained by Lender)
(v) Company Disclosures
(vi) Detailed Repair List itemizing cost

LOAN DOCUMENTATION:
Purchase Agreement
Builders Risk or Liability Insurance prepaid for term of loan
Inspection Report verifying work to be done and cost (obtained by Lender)
"As-Is" and "After-Repair" value Appraisal (obtained by Lender)
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.

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


If you have equity in your property, we can help. Private and hard money loans are our specialty. Whether you are in need of short term financing, such as bridge or construction loans or your needs are long term, we will work with you to structure a transaction that will meet your objectives. Our investors guidelines are flexible. We are creative and can help you explore all options. We have access to a network of private investors and institutions. With equity based lending loans are qualified on the strengths and merits of the transaction and NOT the borrowers credit and/or income situation. Bottom line: if the deal makes sense, the money will be there.

• Location: Nationwide, New Haven

• Post ID: 10909921 connecticut
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