Lima One -

[Account Closed]

Good evening,

We have made an improvement to the Rental30 seasoning guidelines to allow borrowers to cash out on a portion of their rehab funds. For properties owned less than 12 months, we will finance 80% of the original purchase price and rehab budget, not to exceed 75% LTV.

The change will be implemented accordingly:

-Submissions that have been approved must have all underwriting documents and the client’s application submitted by Wednesday, September 7th. These deals will be underwritten using the previous guideline

-All submissions from this email forward will fall under the new guidelines