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PRE-APPROVAL
For those ready to close a deal in the next few days or weeks (i.e. get a financing letter to use with offers)
PHONE CALL
For those thinking about doing a purchase and rehab project in the near future but have some questions
QUALIFY AT ALL LEVELS OF EXPERIENCE
For Newbies and Seasoned Pros
New Investors
No experience required on our primary 100% LTC purchase and rehab program. Take advantage of no/low down payment to get off to a great start with you real estate investments.
Experienced Pros
Do more projects each year by not tying up liquidity for 6-12 months in projects. With 100% financing on purchase, your cash to close is always minimized and multiple projects at one time become possible.
BE READY TO MAKE AN OFFER
Basic qualifications
650 FICO (soft credit pull)
$15k in liquidity
Brief 1-minute application
We have programs in most states but our popular 100% LTC program is available in select metro areas in Alabama, Arkansas, Georgia, Indiana, Missouri, New Mexico, North Carolina, Tennessee, and Texas
No previous rehab experience is required for our primary 100% LTC program. If your project is outside of the geographical availability for that program, prior experience will improve the terms.
For pre-approval, only your ID, proof of liquidity, and authorization for a soft credit check are required. For closing a deal, you will typically need to supply a signed purchase and sales contract, a scope of work breakdown, entitity documents (if applicable), updated bank statements, insurance coverage, and title company information.
Full LTC financing (100% of financing of the purchase price and 100% of the rehab cost) is available up to 70% for a loan exit strategy of Sell, and up to 75% for an exist strategy of Hold.
For the 100% LTC program, it is $100,000. It is possible to have a lower loan amount with money down.
After three closed deals, the interest rate decreases by 2% and the origination fee by 1%
For the 100% LTC program, 1-4 unit properties are eligible. Properties with 5-8 units may be eligible with a down payment.