I do a lot of business in Southern California because I'm stationed there. However, we have offices around the country where we close loans all the time.
Chi Town fix and flip financing
Recently we closed a fantastic fix and flip deal in Naperville, IL, right outside of Chicago, that provided an excellent return for our client. We provided 90% of the purchase price and we provided 100% of the rehab funds. Now, I hope you realize just how aggressive that is. That means in order to close this transaction all the client had to do was bring in a 10% down payment and cover the closing costs. We provided everything else plus the $70,000 they spent on fixing the place up.
Bad credit ok!!!
Get this... we can do this program without running credit. We can close the deal in an entity (LLC, trust etc...) and we don't have to pull credit. We do a simple background check to make sure they don't have a foreclosure or a short sale or a Bankruptcy in the past 2 years. Also we make sure they don't have a felony or major tax liens outstanding. As long as they don't have that they could have 27 charge-offs and a 410 FICO score and we'll lend to them. Not bad right?
So bring me your tired, you poor, your huddled masses and let me close their loans for them.
Steve Snyder has continually provided private money and joint venture business opportunities for countless home flippers for upwards of 12 years now. He is the President of the firm Private-Money-Loan.com and provides fantastic products for the people that needs financial assistance.
My most recent blog post is a unique perspective into an old 80's movie. It will amuse you I imagine. Enjoy!