Rehab/Construction financing
For rehabs followed by refinance or resale, taking up to 12 months. Below is a matrix which will give you a rough indication of the range of current options. Available up to 100% of cost. Have a scenario? Get a quote here
Transaction financing
For back to back closes, or quick rehabs followed by refinance or resale. There are no income or credit score qualifications. Below is the current best pricing available:
* When can I refi an REO, and how much can I cash out?
6 months following the purchase, based on newly appraised value: 75%ltv for SFD, 70%ltv for 2-4 units.
* What are the seasoning rules for resale?
The seller must be the owner of record. That’s it. Lenders may impose their own requirements, but in practical terms there are none. Contact me if you are faced with a seasoning issue.
* Mortgage secured REO investments
We continue to be faced with opportunities of a lifetime. If you're interested you may want to consider my Safe&Smart, mortgage-secured investment program. Go here for FFI and to get on the mailing list for new opportunities.
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