100% PURCHASE PRICE FINANCING & NO MONTHLY PAYMENTS FOR FIX & FLIPS

LTV:
Up to 100% of Purchase Price (or 75% of After Repair Value, whichever is less)

Geographic Location:
San Diego, Orange, and LA counties along with the Phoenix AZ metro area

Interest Rate:
12% APR

Size:
Typically, $200,000 to $600,000

Position:
We occupy both first and second trust deed.

Minimum Interest Rate:
3 months minimum interest rate

Borrower Liquidity:
Borrower must have rehab funds available

Asset Type:
Non-owner occupied, single family residential (1-4 units)

Fees:
Processing: $650 (due at COE)

Origination: 4 points (due at COE)

Third Party Expedited Appraisal: $350 (due when placing order for expedited appraisal)

Third Party Doc and closing fees: varies