High Leverage Fix & Flip Loans - 90% LTC

[Copelon Kirklin]

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)

[Antonio Gonzales]

@Copelon Kirklin, thanks for info. I will keep in mind for clients in those markets. I am Direct Hard Money Lender as well and lend in California, Arizona, Nevada primarily. If you have clients that need financing in these states, feel free to reach out. 

Our 2 most popular loan products are the following: 

• Fix/Flip Loan: Between 70-80% Acquisition Loan + 100% Rehab as long as total loan is less than 65% of ARV.
• Construction: Up to 50% Land Loan + 100% Construction as long as total loan is less than 60% of ARV/Completed Value.

The terms range depending on the project:

• Rates: 10-12% (Interest Only Option)
• Points: 2-4
• Doc/Admin Fee: $600
• Term: 6-36 months
• No Prepayment Penalty

It is always nice to see what terms are provided in other markets. Best wishes!