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Posted: Monday, February 26, 2018 6:17 AM


Quick Closings and NO pre-payment penalties

PROPERTY TYPE: Residential non-owner occupied 1 - 4 family residential investment properties located the Continental US.

LIEN POSITION: First mortgages only. Minimum Loan Amount 75k.


REHAB FUNDS: We lend 90% LTC, (loan to cost), or 80-100% of the purchase price and 100% of the rehab funds, up to 65-75% of the After Repair Value. LTV variation depends on file and location.

RELEASE OF REHAB FUNDS: Rehab funds are usually paid in one to four draws after verification of repairs, and mailed to you or wired directly to your account.

CLOSING COSTS: Paid at closing.

GUARANTY: Personal guaranty required.

(i)Completed Lender loan application & supporting documents, including, but not limited to:
(ii) NO PROOF of federal tax returns (both personal & business)
(iii) Two months most recent consecutive bank statements (both personal & business)
(iv) Company Disclosures
(v) Rehab estimate of work to be done and draw schedule

(i)Purchase Agreement
(ii)Liability and Property Insurance prepaid for term of loan
(iii)Inspection Report verifying work to be done and cost (obtained by Lender)
(iv)"As-Is" and "After-Repair" value Appraisal (obtained by Lender)
(v) Clean Title

Once a borrower has been approved, closings can be held within a few days of receipt of appraisal and inspection reports along with proof of payment.

• Location: New Haven

• Post ID: 19592272 newhaven is an interactive computer service that enables access by multiple users and should not be treated as the publisher or speaker of any information provided by another information content provider. © 2018