Small Balance High Leverage Rehab Program

[Jim Lally]

11CapitalFinance Small Balance High Leverage Rehab Program! Fico: 550+. Yes the lender goes down to 550! Loan Terms: 12 months, interest only Loan Size: $75K to $6 Million Max LTC: Loan amount also cannot exceed 70% of the ARV of the property. If borrowers fico is over 600 the lender can possibly go up to 75% of the ARV. Interest Rate: 8-12% Property Types: Only 1-4 unit investment properties! Pre-Payment Penalty: None! Use of Funds: Purchase, Refinance, Cash-Out Refi & Rehab Asset verification: Depends on experience. 1-3 months of bank statements. Points: Loan cannot have more than 4 points associated with it (that is a combined 4 points from the broker and lender!) Lending Territory: CT, CO, FL, GA, IL, KY, MA, MD, MI, MO, OH, PA, SC, TN, TX, VA, WA & WV, AZ, CA, NC, NJ, NV, NY, OR Closing Time Frame: 15 days. Lender typically just orders a desktop BPO, which costs $499 and does not always do a full appraisal. This is how the deal is able to close so fast! If interested comment below or inbox me. Please feel free to reach out to me anytime if your interested in learning more about this or any other type financing program you may need.  I can be reached at [email protected] or 877-957-4357 x709