This is by far one of the best rehab, private, or hard money loan programs out there currently lending 100% of purchase and repairs up to 70% ARV with no junk fees. They are currently expanding to new parts of the nation and already very active in quite a few markets. They will soon be in Oklahoma, Nebraska, Colorado, Mississippi, Arkansas, Iowa, Tennessee with new states and cities being added.

They are different because they have a local territory director who reviews your deal quickly & can close fast in 5-10 days. It seems most rehab or hard money lenders are out of business, have slow response times, or are not funding deals currently. Many of there competitors such as InvestWell, Brookview Financial, etc. just can't compare.

One competitor is Brookview Financial who is also based on the East Coast & lends nationally. Brookview charges 1% upfront to setup a line of credit in addition to normal rehab loan points & interest. You really should only have to pay for your deals when you are ready to fund them. Be leary of rehab private and hard money lenders who charge large upfront setup fees, processing fees, etc before you even start your first deal.

I'm not saying you should never pay an application fee but it should be reasonable. Many of the lenders we represent charge minimal to no application fees so you can get pre-approved at no cost and receive a "Proof of Funds" letters to make offers on property.

With EDC you can signup as a user even if you don't have a deal currently in hand and then submit a loan application once you get a property under contract. They are fast, friendly, & their entire team is very knowledgeable.

Check them out at www.EquityDevelopmentPartners.com  

Sign up today to take your rehab business to the next level.

Some highlights of their loan program are below:

Their program provides 100% financing up to 70% of as renovated value. No payments for 6 months and unlimited properties. No Junk Fees or Monthly Payments - No application, inspection, or construction draw fees are required or hidden like other lenders. Our loan program allows investors to have little to none of their own money tied up in the real estate transaction. We can close your loan very quickly with minimal paperwork.

• 100% Funding - Acquisition, construction, closing costs
• Loans up to 70% LTV (Based on After Repair Value)
• Six (6) month loans
• No Payments Required
• Loan approval in 24-48 hours
• Fast closings
• No Prepayment Penalties
• Full Service Consulting (Services included in the cost of financing)
• No limit on the number of properties
• Loan approval in 24-48 hours