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Posted: Monday, March 12, 2018 6:12 AM


PROGRAM DETAILS: 100% Purchase Money and Rehab Funds 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.


REHAB FUNDS: We lend 80 - 100% of the purchase moneys and 100% of the rehab funds, up to 65% 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.

Completed loan application & supporting documents, including, but not limited to:
(i) Two years of federal tax returns
(ii) Two months most recent consecutive bank statements
(iii) Credit Report with 620 minimum credit score (obtained by Lender)
(iv) Company Disclosures
(v) Detailed Rehab estimate of work to be done and draw schedule

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)

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!

• Location: East Coast, Fairfield

• Post ID: 78396268 newyork is an interactive computer service that enables access by multiple users and should not be treated as the publisher or speaker of any information provided by another information content provider. © 2018