What should I ask about these deal terms?

[Selah Abrams]

Hey fellow investors! I was sent these deal terms by a reputable colleague - what should I/We ask? Any ideas on how I/We can best utilize this financing? Thank you!

Terms

• Rate: as low as 12%
• Term: up to 24 months
• No personal guarantee
• No title insurance required (perfect for tax deeds still in redemption)
• No minimum FICO score
• 4% origination fee
• Up to 80% LTV
• No minimum term length
• Georgia, Florida, and Texas
• Interest only loan
• Minimum financing amount $50K per application
• Must hold Recorded Deed for all parcels

Funding Process:

1. 1 Online application in under 5 minutes
2. 2 Preapproval from underwriting
3. 3 Sign contract with $40 app fee
4. 4 Asset review and final underwriting
5. 5 Funds wired within 1 business day of signing and closing

Perfect for:

• Flips
• 1031 exchanges
• Residential
• Commercial
• Multi-unit purchasing
• Vacant land deals
• Vacation and short-term rental
• RV and manufactured home park
• Self-storage
• Tax deeds still in redemption period

Not Accepted (DO NOT APPLY):

• Any lien properties
• 2nd Position not accepted, must be 1st
• Lack of clear ownership
• If you don’t have the deed in YOUR NAME