New Program for SFRs

[Rita Bautista]

Here are the basics of our program:

Lines of credit and loans from $50,000 -$5,000,000

• Fund lesser of 80% of Acquisition and Rehab Costs or 65% of After Repair Value (ARV) on Residential Properties (1-4 units). We fund rehab draws
• Fund lesser of 75% of Acquisition and Rehab Costs or 60% of ARV on Multifamily Properties (5-30 units)
• No application fee for credit line approval
• Monthly payments are interest only
• No prepayment penalty (3 months minimum interest)
• Currently lending in approximately 48 states (exclusions include CA and NV)
• We only lend on Non-Owner Occupied Properties
• Borrower must have prior investment property experience
• Experience: Borrower must have previously purchased at least 2 investment properties.
• Liquidity: Cash to fund their equity requirement.
• Minimum FICO 620.
• Minimum Net Worth: $150,000.
• We will evaluate substantial credit issues, foreclosures/short sales.
• Borrower is free of significant open judgments and pending litigation.

If you meet the basic criteria above, lets set up a time to talk.