All Forum Posts by: Kevin Dureiko

Thank you @Corey Clarkston hope you are doing well! 
@Anita Robinson I’m happy to help and can provide my recent closings as references right in Jacksonville.

Fix and Flip funding 90/100

Purchase and Rehab (12 months) Guidelines & Pricing:

Loan Amount: $75k-$3M

LTV of Purchase price: up to 85% for new investors 650 FICO MIN or 90% LTV for experienced investors (3+ properties held or purchased within 36 months 680 FICO MIN)

LTC of Rehab amount: 100%

Max Loan to ARV: up to 75%

Minimum As-Is Appraised Value: $50k

Collateral: Non-owner Occupied 1-4 Family Residential Properties; Warrantable Condos; Townhomes; Planned Unit Developments (PUDs)

Term: 12 months

Rate: Starting at 8.99%

Points: Vary based on loan amount

Credit Score: 650 Minimum

No pre-payment penalty

Can refi to 30 year term for buy and holds

- States: Available in AL, AK, AZ, AR, CA, CO, CT, DE, FL, GA, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MS, MO, MT, NE, NH, NJ, NM, NY, NC, ND, OH, OK, PA, RI, SC, TN, TX, VA, WA, WV, WI, WY

Kevin Dureiko

860-990-3030

[email protected]

Monday-Friday 8am to 4pm EST

Fix and Flip funding 90/100

Purchase and Rehab (12 months) Guidelines & Pricing:

Loan Amount: $75k-$3M

LTV of Purchase price: up to 85% for new investors 650 FICO MIN or 90% LTV for experienced investors (3+ properties held or purchased within 36 months 680 FICO MIN)

LTC of Rehab amount: 100%

Max Loan to ARV: up to 75%

Minimum As-Is Appraised Value: $50k

Collateral: Non-owner Occupied 1-4 Family Residential Properties; Warrantable Condos; Townhomes; Planned Unit Developments (PUDs)

Term: 12 months

Rate: Starting at 8.99%

Points: Vary based on loan amount

Credit Score: 650 Minimum

No pre-payment penalty

Can refi to 30 year term for buy and holds

- States: Available in AL, AK, AZ, AR, CA, CO, CT, DE, FL, GA, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MS, MO, MT, NE, NH, NJ, NM, NY, NC, ND, OH, OK, PA, RI, SC, TN, TX, VA, WA, WV, WI, WY

Kevin Dureiko

860-990-3030

[email protected]

Monday-Friday 8am to 4pm EST

Fix and Flip funding 90/100

Purchase and Rehab (12 months) Guidelines & Pricing:

Loan Amount: $75k-$3M

LTV of Purchase price: up to 85% for new investors 650 FICO MIN or 90% LTV for experienced investors (3+ properties held or purchased within 36 months 650 FICO MIN)

LTC of Rehab amount: 100%

Max Loan to ARV: up to 75%

Minimum As-Is Appraised Value: $50k

Collateral: Non-owner Occupied 1-4 Family Residential Properties; Warrantable Condos; Townhomes; Planned Unit Developments (PUDs)

Term: 12 months

Rate: Starting at 8.99%

Points: Vary based on loan amount

Credit Score: 650 Minimum

No pre-payment penalty

Can refi to 30 year term for buy and holds

- States: Available in AL, AK, AZ, AR, CA, CO, CT, DE, FL, GA, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MS, MO, MT, NE, NH, NJ, NM, NY, NC, ND, OH, OK, PA, RI, SC, TN, TX, VA, WA, WV, WI, WY

Kevin Dureiko

860-990-3030

[email protected]

Monday-Friday 8am to 4pm ES

@Dustin Crawford In general, going for a tri or 4 pled is economically adventitious. As someone who is in nearly every facet of the business. 1 door is the same work as 4. That being said getting as many doors under one roof just makes more sense economically and its more stable. 

There's plenty of people that would disagree and say to start small or amass a portfolio of SFR. That may work for them. Historically for myself and clients, the more doors under one roof the better.

Great read and great story of preserving. Congrats! It’s not easy but it’s absolutely worth it.  

Depending on what your end goal is should drive your initial purchase. Do you want to flip first to get your feet wet or maybe use that income to get into a bigger multi family? Really depends on what you’re trying to accomplish. 

Fix and Flip funding 90/100

Purchase and Rehab (12 months) Guidelines & Pricing:

Loan Amount: $75k-$3M

LTV of Purchase price: up to 85% for new investors 650 FICO MIN or 90% LTV for experienced investors (3+ properties held or purchased within 36 months 680 FICO MIN)

LTC of Rehab amount: 100%

Max Loan to ARV: up to 75%

Minimum As-Is Appraised Value: $50k

Collateral: Non-owner Occupied 1-4 Family Residential Properties; Warrantable Condos; Townhomes; Planned Unit Developments (PUDs)

Term: 12 months

Rate: Starting at 8.99%

Points: Vary based on loan amount

Credit Score: 650 Minimum

No pre-payment penalty

Can refi to 30 year term for buy and holds

- States: Available in AL, AK, AZ, AR, CA, CO, CT, DE, FL, GA, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MS, MO, MT, NE, NH, NJ, NM, NY, NC, ND, OH, OK, PA, RI, SC, TN, TX, VA, WA, WV, WI, WY

Kevin Dureiko

860-990-3030

[email protected]

Monday-Friday 8am to 4pm EST

Fix and Flip funding 90/100

Purchase and Rehab (12 months) Guidelines & Pricing:

Loan Amount: $75k-$3M

LTV of Purchase price: up to 85% for new investors 650 FICO MIN or 90% LTV for experienced investors (3+ properties held or purchased within 36 months 680 FICO MIN)

LTC of Rehab amount: 100%

Max Loan to ARV: up to 75%

Minimum As-Is Appraised Value: $50k

Collateral: Non-owner Occupied 1-4 Family Residential Properties; Warrantable Condos; Townhomes; Planned Unit Developments (PUDs)

Term: 12 months

Rate: Starting at 8.99%

Points: Vary based on loan amount

Credit Score: 650 Minimum

No pre-payment penalty

Can refi to 30 year term for buy and holds

- States: Available in AL, AK, AZ, AR, CA, CO, CT, DE, FL, GA, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MS, MO, MT, NE, NH, NJ, NM, NY, NC, ND, OH, OK, PA, RI, SC, TN, TX, VA, WA, WV, WI, WY

Kevin Dureiko

860-990-3030

[email protected]

Monday-Friday 8am to 4pm EST

Fix and Flip funding 90/100

Purchase and Rehab (12 months) Guidelines & Pricing:

Loan Amount: $75k-$3M

LTV of Purchase price: up to 80% for new investors 650 FICO MIN or 90% LTV for experienced investors (3+ properties held or purchased within 36 months 680 FICO MIN)

LTC of Rehab amount: 100%

Max Loan to ARV: up to 75%

Minimum As-Is Appraised Value: $50k

Collateral: Non-owner Occupied 1-4 Family Residential Properties; Warrantable Condos; Townhomes; Planned Unit Developments (PUDs)

Term: 12 months

Rate: Starting at 8.99%

Points: Vary based on loan amount

Credit Score: 650 Minimum

No pre-payment penalty

Can refi to 30 year term for buy and holds

- States: Available in AL, AK, AZ, AR, CA, CO, CT, DE, FL, GA, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MS, MO, MT, NE, NH, NJ, NM, NY, NC, ND, OH, OK, PA, RI, SC, TN, TX, VA, WA, WV, WI, WY

Kevin Dureiko

860-990-3030

[email protected]

Monday-Friday 8am to 4pm EST