FIX & FLIP** NEW CONSTRUCTION** BRIDGE**TRANSACTIONAL
WE DO IT FAST AND MAKE IT EASY FOR YOU
• NO CREDIT CHECKS
• NO APPRAISALS
• NO TAX RETURNS
• NO BANK STATEMENTS
We specialize in offering true asset-based loans on non-owner-occupied residential homes to investors who need quick and flexible funding.
To qualify a borrower, we do not check credit, we do not look at paystubs or tax returns, we do not do an appraisal. We strictly look at the deal and the opportunity and that determines whether we will finance the project.
From there, we perform all loan processing in-house, which allows us to expedite the process and have your loan funded in generally less than a week.
Fix & Flip and New Construction is ideal for investors who need to quickly acquire a property with the intention of renovating or fixing the property to sell at a higher price or keep and rent it out.
• Monthly payments are interest only (calculated only on amounts actually received).
• No interest on construction money until you use it.
• Lenders title policy required.
• Hazard insurance is required.
• Six- month term
• We will finance up to 85% of the purchase price, 100% of the rehab, 70% of the ARV.
• For strong and experienced borrowers, 90% purchase price and 75% of the ARV
• 1-4 units
WE PREFER URBAN OVER RURAL AREAS.
For more information contact me,
BARRY JEROME ***Email posted *** PHONE/TEXT: 847-987-5570
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