Attention ALL agents selling REO's or REHABS!!!!!
I know it is getting tougher for investors buying up REO's to get financed. That is why a few community banks and myself put our heads together to come up with some great new programs!
Here are just two of the programs.
REO Rehab Loan:
Loan amount equals 80%LTV of purchase plus rehab costs All we need is a 620 FICO score and less than 50% DTI
**This works great for properties that are NOT currently habitable***
The really exciting loan we created is our commercial blanket loan for residential income properties!
This is how it works:
* 660 FICO Score or Better
* Debt Service Coverage of 1.25% or Better
* Max LTV 80%
* 3 to 6 Months Reserves
If you are having trouble financing residential investment properties it is time to CONTACT our team!
--
Dax Dickson
Commercial Finance Specialist
612-578-9898
dax@yourtrustedfinance.com
Learn more about commercial mortgage loan programs available in the Minneapolis & St Paul, MN Metro area that can help those looking to secure purchase rehab mortgage loans for properties that do not qualify for programs like private/hard money loans or the FHA 203K rehab mortgage loan.
Commercial Mortgage, Commercial Purchase Loan, Commercial Refinance Loan, Commercial Mortgage, Commercial Purchase Loan, Commercial Refinance Loan, Commercial Mortgage Lending, Commercial Purchase Lending, Commercial Refinance Lending, Commercial Mortgage Lending, Commercial Purchase Lending, Commercial Refinance Lending, Hard Money Lending, Private Money Lending, Asset Based Lending, Equity Lending, Collateral Based Lending
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