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Updated over 19 years ago on .
new for rehabs
New loan program:
100% of all hard costs up to 95% of the "subject to" after repaired value for full doc
up to 85% of the ARV for stated. All costs will be rolled into the loan.
choose 4,6,9 or 12 month terms for repairs paying prime plus 1.5%
The permanent loan is already in place making this a one time close.
The total origination is 2 points.
This also works for new construction.
Please email me for more info
Ila Dennis