All Forum Posts by: Fred Shatzoff

Do your own due dilligence

1. 1. No Collateral Needed.
2. 2. No Financials Needed.
3. 3. Build the “Business” Credit Profile.
4. 4. Credit Appears under the Business not the Person.
5. 5. Revolving Credit (Not Loans).
6. 5. Most Business Accounts have a 0% Promotional Rate for 6 -12 Months.
7. 6. The Time Line is 21 Days on Average for Funding.
8. 7. $25,000 - $200,000.
9. 8. No Up Front Fees.
10. 9. Funding for Down Payment for Flippers.

To get Prequalified at NO COST Contact Fred at 551-272-9066 of [email protected]

Rehab Loan Program with Advance Draw
• Now offering the low Fix & rates you want and the high leverage you need!
• Whether you’re a new flipper or an experienced one Everest Business Capital is here to help you succeed.
• We have financing solutions for any investor needs and experience level!
• There’s no better way to finance your next Fix & Flip project than with financing from us!
• Our rates start at 7.50% with advance rehab draws available and up to 90% LTV!
• Plus, our consistent lending parameters and common-sense approval process means NO INCOME VERIFICATION, NO TAX RETURNS, NO ASSETS AND NO RESERVES ARE REQUIRED.

For Information contact Fred at 551-272-9066 or [email protected]

• 1.Now offering the low Fix & rates you want and the high leverage you need!
• 2.Whether you’re a new flipper or an experienced one Everest Business Capital is here to help you succeed.
• 3.We have financing solutions for any investor needs and experience level!
• 4.There’s no better way to finance your next Fix & Flip project than with financing from us!
• 5.Our rates start at 7.50% with advance rehab draws available and up to 90% LTV!
• 6.Plus, our consistent lending parameters and common-sense approval process means NO INCOME VERIFICATION, NO TAX RETURNS, NO ASSETS AND NO RESERVES ARE REQUIRED.

For Information contact Fred at 551-272-9066 or [email protected]

WE ARE YOUR NATIONWIDE PRIVATE MONEY EXPERTS

Program Details

1. Rates Starting at 7.50%
2. $75 k - $2.2 million
3. 1 -4 unit non owner occupied
4. Up to 90% LTV
5. 12-month interest only loans
6. 9 MONTHS OF PAYMENTS ROLLED INTO LOAN
7. Just 7 -10 days to fund loan on avg
8. Simple application process

Requirments

1. 600+ credit score
2. Must have an EIN
3. Non-Owner Occupied
4. Have a property you want to purchase.

APPLY TODAY

It only takes 5 minutes to get started. You’ll receive a term sheet in 24 -48 hours.

Fred Shatzoff 551-272-9077 [email protected]

I this an investment or owner occupied?

Fico: 680+

-Loan Terms: 15-year term (balloons after that). After every 5 years, the rate is fixed again (prime +1). Interest rates are tied to prime. Loan amortized for 25 years.

-Loan Size: $100K to No MAX!

-Max LTV: 75% for 1-4 unit. 80% for commercial properties!

-Debt Service Ratio: 1.25 + Lender does factor in a vacancy rate.

-Interest Rate: 4.00% - 6.25%

-Property Types: 1-4 UNIT INVESTMENT PROPERTIES! The lender also lends on pure commercial properties as well. No gas stations. Can do hotels if they are flagged.

-Pre-Payment Penalty: NONE!

-Use of Funds: Purchase, Refinance, Cash-Out Refinance as well! No renovations or ground-up construction! The lender wants the property to be fully renovated and rented or have leases signed with tenants ready to move in. Not big on paying off liens if that is what the investor needs the cash out for.

-Seasoning Requirement: NONE ON A REFINANCE!

-Asset verification: 3 months of bank statements (last bank statement must show down money, closing costs, and reserves)

-Closing Timeframe: 30-45 days!

-Territory: DE, PA, Pittsburgh, MD (like Baltimore), Washington DC, Texas (Houston Area and borrowers home must be there too), Alabama, Georgia, Florida, and some areas of NJ for now. Eventually, the program will expand to be nationwide. The lender does not lend in lower populated areas for now

-Lender Fee: Once the lender has a good feeling then can do the deal a non-refundable $450 application fee is taken. At closing the lender then only charges 1 point

- Liquidity Requirement: Does not have an exact requirement but they want the borrower to still have cash on hand after the closing

-Special: All principles over 20% need to personally guarantee the loan. Can consider working with foreign nationals as long as they are legally in the US and they must have US credit.

-Required Loan Docs: To analyze the deal the lender needs upfront:

• 3 years tax returns (personal & business)
• PFS
• Purchase and sales contract
• past appraisals (if applicable)
• current leases
• rent roll
• Income and expense reports (Year to Date & Past 2 years)
• The lender does a global DTI
• Property and tax returns need to debt service

I would love to help you Fund your next Real Estate deal.
Call Fred Shatzoff Today at 551-272-9066 [email protected]

The Programs we offer are as follows:

Fix & Flip Funding

1. Up to 90% of Purchase Price.

2. Up to 100% of Rehab Costs.

3. Up to 75% After Repair Value.

4. Minimum Credit Score 660.

5. 1 - 4 Families.

6. Loan Amounts from $75,000 - $2,500,000.

7. New Investors OK.

8. Rates from 7.50% to 9.99%.

Long Term Rental Financing 30 Year Term

1. Up to 75% LTV Refi and Up to 80% LTV on Purchases.

2. 1 - 4 Families.

3. Loan Amounts $50,000 - $1,000,000.

4. 30 Year Fixed Rate, 5/1 ARM and 7/1 ARM.

5. Credit Scores as Low as 660.

6. Funding Available in most states.

7. No Limit on Amount of Loans.

8. Rates from 5% to 7.5%.

Fix 2 Rent

1. One time close.

2. 13 Month Interest Only construction period.

3. Converts to Long Term Rental once rehab is complete.

4. Loans up to $2,000,000.

5. Up to 90% LTC and 70% LTV.

6. Single loan equals savings on fees.

I would love to help you Fund your next Real Estate deal.
Call Fred Shatzoff Today at 551-272-9066 [email protected]

Fix & Flip Loan!

Are you a New or Experienced Investor we can help you.

We Lend Nationwide!

1. Up to 90% of Purchase Price.

2. Up to 100% of Rehab Costs.

3. Up to 75% After Repair Value.

4. Minimum Credit Score 660.

5. 1 - 4 Families.

6. Loan Amounts from $75,000 - $2,500,000.

7. New Investors OK.

8. Rates from 7.50% to 9.99%.

I would love to help you Fund your next Real Estate deal.
Call Fred Shatzoff Today at 551-272-9066 [email protected]

Fico: 660+ (mid score). All other members must have 600+ fico. All members of the entity must pass a background and credit check.
Loan Terms: 6 - 24 months
Loan Amount: $75K to $2 Million. Any deal over 1M needs management approval.
Max LTV/ARV: Lender typically finances 80-90% of the purchase price and 100% renovations (based on borrowers experience tier). All loans are capped at 75% ARV. Max LTC is 85-87.5% depending on experience tier. Loan will also be the lessor of the ARV, LTC or eligible program.
Interest Rate: 8-11% based on experience. 8% for platinum borrows. (Min interest rate in NY, NJ & PA is 9%). Interest is charged on the full loan amount from day one.

Property Types: Only 1-4 unit investment properties! This includes Single Family Homes, 2-units, 3-units, 4-units, condos (with HOA approval) and town homes. Condo Conversions Welcomed.
Pre-Payment Penalty: None!

Use of Funds: Purchase, Refinance, Cash-Out Refinance & Rehab, Purchase & Rehab
Asset verification: No asset verification required. Lender actually requires now that all mortgage payments are rolled into the total loan amount for the term of the loan.

Lender Points: 1-2 points. Lender also has a $999 closing fee. $199 is taken upfront when LOI is issued to run credit and background check. Doc and legal review fee= $125. Tax service & onboarding fee= $89.00. Rehab Review Fee: $695

Lending Territory: Nationwide except (except DE, ID, ND, NV, OR, SD, UT, VT is $1M-2M only).

Draw Fee: $200 a draw. Deducted from built in rehab budget into loan.

Closing Time Frame: 21 days!
Special: No mortgage payments out of pocket. Experienced borrowers are eligible for advanced rehab draws. First draw funds within 3 days of closing.

Experience Tiers: Bronze: 0-1 fix and flips or fix and holds completed in past 36 months. Silver: 2-4 fix and flips or fix and holds completed in past 36 months. Gold borrower: 5-9 fix and flips or fix and holds completed in past 36 months. Platinum borrower: At least 10 fix and flips or fix and holds completed in past 36 months.

Borrower Experience: Flip experience is based on sold properties in past 36 months that turned a profit. Current rentals properties can also count towards a borrowers experience but the lender will only consider cash-flowing rentals that they acquired over 12 months ago.

Extra: This lender can finance wholesale fees up to the lessor of 10% or $50,000! Borrower can do 10 deals at once with this lender! Purchase price can be less than the rehab amount for any borrower w/ management approval.

I would love to help you Fund your next Real Estate deal.
Call Fred Shatzoff Today at 551-272-9066 [email protected]