​Rental Property Loan Program w/ NO SEASONING Requirements!

[Jim Lally]

Fico: 620+
Loan Terms: 30 year amortization. 3 or 5 year fixed option. After the fixed period of this loan it does balloon! Lender offers principle and interest payments as well as interest only payments for the fixed periods.
Loan Size: $50K and up

Property Value:There is no minimum property value, but total loan amount between all properties must be 50k
Max LTV: 75% max
Debt Service Ratio: 1.25
Interest Rate: 6.62% - 7.5% (Typically)
Property Types: SFR, 2-4 unit, condo, townhome, PUD, MF<20 unit

Seasoning:NO SEASONING REQUIREMENT!! AFTER THE INVESTOR OWNS THE PROPERTY FOR A COUPLE OF DAYS, HAS ALL REHAB DONE AND IT IS RENTED OUT, YOU CAN GO INTO THIS REFI CASH OUT PROGRAM AND LENDER WILL LEND OFF THE CURRENT VALUE OF THE PROPERTY!
Pre-Payment Penalty: Full yield maintenance minus 3 months.

Use of Funds: Purchase, Refinance, Cash-Out Refinance
Lending Territory: All states except ID, UT, ND, SD, MN, IA,VT

Closing Time Frame: 14-21 days
Appraisal Cost: $500-$600 per property

Lender Points: 1.75 points!
Special: Loans must close in a Duel Member LLC (husband and wife count as 1 member), an S Corp or C Corp. Can be used as a portfolio/blanket loan as long as all properties are in the same town and state. Secondary financing is not permitted!

If interested please contact me at:  [email protected]  or 877-957-4357 x709