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Updated over 9 years ago,
High Leverage Fix & Flip Loans - 90% LTC
The LTC on a typical hard money loan may range anywhere from 65-75%. I know because I arrange financing for these as well. But there's not a large group of hard money lenders waving a 90% LTC flag. Well here's one of the few. It's not nationwide but does cover some pretty good markets. Take a look at the highlights below, Rehabbers...
- No Doc - Stated Income
- 12.99% Interest Rate
- 5.9 Pts.
- 2-Yr Term
- 90% LTC
- Up to 75% ARV
- No Prepay
- $60,000 Min. Loan Amount
- 550 FICO Min.
- Title MUST Be Held in Company or Trust
- 7-10 Days
- SFR 1-4 Units, NOO
- Available in: FL, GA, IN, NC, TN, TX, & VA (KY, SC & WV coming soon)
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