Portfolio Private Loans - Commercial, Multifamily, Mixed-use and Residential fix and flips - Rate sheet !

By
Mortgage and Lending with RT Capital Advisors, Inc. CEO
Equity Based Loan Rate Sheet | Loans in CA close in 7-10 days
Service Area: CA and Nationwide
Years of Service: 17
Service Type: Real Estate
Market Focus: Standard
  • Commercial, Residential and Mixed -Use
  • CA DRE # 01893519
  • Short term
  • Interest only
  • Equity Based loans for Fix and Flip
  • Fast Close in 7-10 days
  • Available to the General Public, Mortgage Brokers and Realtors.
Equity Based Loan to be used in place of a Stated Income/Verified Asset loan.

Purchase and Cash-Out Refinance - Great for the fix and flip Investor.

Rush my File, Inc. - Program Highlights

•Loan amounts to $4,250,000
•OO, NOO & Investment property
•Interest only & Interest reserve options
•Construction & Rehab to completed LTV
•Investor & REO financing
•No mortgage or credit history required
•Bankruptcy & foreclosure OK
•No maximum cash out
•No title seasoning required

Loan Purpose :

> Purchase SFR, 2-4 Units, Condo 65% LTV - 9.0% - 1, 2, 3, 5, 7 Interest only, no PPP
> Refinance Cash-Out SFR, 2-4 Units, Condo 65% 9.0% 1, 2, 3, 5, 7 -No max cash out
> Construction SFR, 2-4 Units 55% 10.5% 6 month, 1, 2 LTV as completed Rehab SFR
> 2-4 Units 55% 10.5% 6 month, 1, 2 ARV value >
> Multi-Family Apartments 65% 10.0% 1, 2, 3, 5 Low DSCR OK
> Mixed-Use Retail, Office, Medical 65% 10.25% 1, 2, 3, 5 All properties OK
> Industrial Warehouses, Auto 65% 10.25% 1, 2, 3, 5 Vacant acceptable
> Agricultural Farms, Ranches 50% 10.25% 1, 2, 3, 5 No max acreage
> Hospitality Hotels, Motels 60% 11.0% 1, 2, 3, 5 Non-Flagged OK
> Construction/Rehab All types 55% 12.0% 6 month, 1, 2 year terms and ARV value considered.

PORTFOLIO LOANS :

Loan terms - 6 months, 1,2,3, 5, 7, 20, 25 and 30 years
DSCR 1.20 and below
SBA loans
HUD 223(f), 221(d)4 specialists with MAP approved sources .
Your property not listed? Ask your AE for off sheet programs
Conventional and Portfolio Products & Pricing are available

SUBMISSION REQUIREMENTS :

• Submission Form • Use of Funds • 1003 & 1008 • Exit Strategy • Credit Report • Cost Breakdown • GFE • Title Report • Purchase Contract • Color Photos • Appraisal • Rent Rolls

ADJUSTMENTS:

To rate : Distressed Area 2.50 *LTV 55-60 1.50 *Marginal Area 2.00 *LTV 50-54 1.25 *Average area 1.00 *LTV 40-49 .75 *Good Area LTV 30-49 0.50 * Owner-Occupied 1.25 *2-4 Units 0.75 *Interest-Only 0.25*
* Call for all of Adjustments

DOCUMENTATION :

Credit can have issues - Not FICO driven - any score
NO Reserves showing for subject property only.
1 month Bank Statements / Assets Statements
DL and SS card or Passport and Green Card, Foreign Nationals - Visa and ITIN

REQUIREMENTS :

Call to complete a Loan Application or send a 1003 pdf or Caylx Point FNM 3.2
Purchase Contract and Preliminary Title Report.
Label,scan and email all documents.

FEES :

* $975.00 Underwriting, plus Escrow, Title, Prepaid Interest, Transfer Taxes and Recording Fees.
* 3 - 6 points


Bob Thompson, Wholesale Account Executive
(562) 344-LOAN
Powered by vFlyer.com VFLYER ID: 69865003
All information in this site is deemed reliable but is not guaranteed and is subject to change
Posted by
Bob Thompson
Chief Executive Officer
Lending Advisors providing unique access to Hedge Funds, Private Money, Private Party, REITs, CMBS, Community, Regional & Global Bank niche mortgage products nationwide.
RT Capital Advisors
1 (562) 344-LOAN

 

 

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