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Updated over 8 years ago,

User Stats

1,251
Posts
261
Votes
Bob Green
  • Lender
  • Mokena, IL
261
Votes |
1,251
Posts

75% ARV Rehab Loan Available - Newbie Investors Welcome

Bob Green
  • Lender
  • Mokena, IL
Posted

Hello friends,

My goal is to help grow your real estate portfolio by providing both acquisition and rehab lines of credit, and long term debt financing if you choose to hold on to the property rather than flip it.  The strategies that I can offer, I use for my personal real estate business.

  • We provide acquisition and rehab lines of credit that are based on 5X your liquidity.  We can use home equity lines of credit, 100% of stocks and 65% of retirement accounts to determine line amount.
  • Line of credit is revolving, therefore can reuse as debt is paid down or off
  • 10% Down Payment Required depending on experience and credit
  • Lend up to 75% of after repair value
  • Fund up to 90% of construction budget.

Newbie Investors welcome!

  • Minimum credit score 600
  • No experience required
  • Will lend up to 70% of total project costs, and 65% of after repair value
  • 35% seasoned liquidity 60 days required based on 35% of acquisition + rehab costs. Example, total cost $100,000 = $35,000 in seasoned liquidity. Liquidity can come from home equity line, cash on hand, stocks, 401k and IRA's, etc
  • No personal financial statements, tax returns or net worth required

I am committed to helping grow your real estate business.  Looking forward to speaking with you!

Offering

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