100% on Purchase & Rehab
Min Loan Amount: $150,000
Max Loan Amount: $1.5mil
10-11% and 2-3 Orig Pts
9 Month Interest Only
Interest Paid on Funds Disbursed Only
Repair Budget Not to Exceed 30% of Total Loan Amount
150$ Draw Fee
(as many or few as you like)
Min FICO 620
Must Have Completed Flips in Last 36 Months
Less than 10 (at 65% ARV)
10+ Flips (at 70% ARV)
Must be Able to Document Prior Flips w/HUDS
Must Have Min
$30,000 Cash on Hand
Must Live w/in 100 Miles of Subject Property
Loan App
Drivers License
Current Year's Tax Return
Entity Docs
(OA, By-laws,Articles,SS4)
Pics (interior/exterior)
3 Comps
Itemized Repair Budget
Executed Contract w/any Assignments
No properties in AZ, NV, HI
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