The California real estate market continues to stay hot, and one of the hottest areas is San Jose and surrounding cities. With the market continuing to thrive, our San Jose hard money rehab fix and flip loans have become more aggressive - and less expensive.
For fix and flip funding in San Jose, we have access to loans that will go as high as 70% of the after repair value, or ARV. They will cap out at a maximum of 85-90% of cost.
Pricing is dictated by experience. With fix and flip experience, rates can be in the single digits and points can be as low as 2. Credit does not play a large part in this process, but for our most aggressive options a 550 minimum credit score is required. We do have options for lesser credit, but typically the cost will be more and the leverage will be less.
The real benefit for those in San Jose is the closing time on these loans. Closing time can be in as little as 5 business days from when all paperwork is received.
We can help secure funding for individuals, LLC's, Corporations, trusts and most other legal entities. These loans are business purpose only, and meant for investors.
Minimum loan amounts are $75,000, and final pricing is directly related to the amount of experience the borrower has in the past 24 months.
Give us a call today to learn more about our San Jose hard money rehab fix and flip loans at 877 462 3422. We can help find you funding of this nature in most locations within California, and with a shot call we can usually give a good idea of how we can help.
You can learn more on our website about our California hard money rehab fix and flip loans. We have a short video, as well as links to a rehab calculator and other information you may find useful.
Comments (1)Subscribe to CommentsComment