In the program, it appears that you offer a Pre-Loan Application-- perhaps this is how the program is legal?

It actually is a solid program.

This criteria is for 1-4 and 5-8 unit programs.

I've seen programs that go down to a $100,000 USD loan amount for foreign national DSCR loans.

It is a corporate housing arbitrage mentoring program.I'm about to sign up but wanted to do my due diligence I want to check with people here if this is legit and if the program is worth the money they as asking for.

Converting properties to multi-family is considered extensive rehab and those programs are a little more exclusive than the standard bridge loan programs. 

This lender has a floor rate of 6.75% on this program (.5% discount points added to get 6.75%)Same lender can do 6.19% with 3 discount points on their other program (plus broker fee on top) if you do want a low 6% rate. 

Long term $ can range from 6's-10% range depending on all types of factors - LTV, location, unit count, debt coverage, borrower strength, full doc or lite doc programs, etc..

congrats on the Naca program I have sold a  handful of my OREO to Naca buyers.. its a great program takes some resolve to go through their initiation process. 

The program has been great for my own STR investments and my co-hosting business.