Looking for BRRRR loan

[Mat Yuriditsky]

Hi everyone,

My partner and I are first timers looking for a lender so we can purchase and rehab our first BRRRR property. We are strictly investing in SFH home to rent out Section 8. We have a full team already in place. Please feel free to DM me.

[Stacy Raskin]

@Mat Yuriditsky, depending on what you're looking for there's lenders that will:

Fix & Flip Loans-Financing up to 85% of Purchase Price & 100% Construction Cost. The programs are created for investors who buy distressed homes, repairing them and then either selling them or holding them for rental income.

Program highlights:

• -Any level of investor experience
• -Credit scores as low as 660
• -Non-owner occupied Single Family, Multi Family up to 4 units property types
• -Purchase Loan Amount – up to 85% of Cost
• -Construction Loan Amount – up to 100% of Cost
• -Total loan amount is up to 85% of the total cost (maximum after repair value LTV 70%)
• -12-month loan term with Interest Only payments. At the end of the 12 months, can either sell or refinance into a longer term fixed DSCR rental property loan. This can be done earlier as well if the property is ready before the 12 month term is up.
  -Decisions and term sheets are issued quickly.
• -Generally a $150K minimum loan amount but exceptions are sometimes granted.

Loans offered in all U.S. states except for Arizona, Idaho, Iowa, Michigan, Minnesota, Nevada, North Dakota, Oregon, South Dakota and Utah.