New Rehabber Loan Program

[Jim Lally]

Rehabbers take notice!  We are offering an excting new program for rehabbers in the midlatlantic states area.  Please see below for further details.

-Lending Territory: New Jersey, New York (Westchester County, NYC), Pennsylvania (Philadelphia, Eastern Pennsylvania), Connecticut, Maryland (Balitmore), Delaware

-No tax returns required!

-Can close in 10 days!

-Lender will cross collateralize!

-Lender can handle Sheriff Sales!

-Lender can handle Auction purchases!

-Lender also does Transactional Funding!

-Interest only charged on money deployed!

-The softer side of hard money! Interest rates from 8.99%-10%

********HIGHLIGHTS***********

Loan capped at 65% of After Repair Value
Minimum down payment 10% of purchase price (plus closing costs)
No limitations on Rehab budget in relation to purchase (rehab can be more than purchase price but would prefer purchase price to be at least 50k)
Minimum FICO 600
Certain adverse background history considered
No prior experience required (although preferred)!No tax returns required!
Deferred interest payments considered!
INTEREST CHARGED ON MONEY AS DEPLOYED!

100% Financing!Up to 65% LTV based on After Repair Value
No limitations on Rehab budget in relation to purchase (rehab can be more than purchase price but would prefer purchase price to be at least 50k)
Minimum FICO 600
Certain adverse background history considered
Experience requirement: 3 prior projects must be bought and sold in the past 24 months
No tax returns required!
Deferred interest considered!
INTEREST CHARGED ON MONEY AS DEPLOYED!

90% purchase price, 100% rehab!

Please feel free to reach out to me anytime for further details.  I can be reached at:   [email protected] or 877-957-4357 x709.  I look forward to hearing from you!