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