TEXAS & TENNESSEE 100% FINANCING
No Credit Check
No Appraisals
No Pre-Inspection
No Prepay Penalty
No Survey
No Upfront Fees
Loan Options:
• 12.25% – 15.25%
• Loan amount from $20,000 – $5,000,000
• 100% Financing of REHAB + AQUISITION
• 2 point loan origination fee
• $1,500 processing fee
*Processing fee is only collected if you close / buy the home
BUT HOW?
Through Capital investors who fund 100% of the rehab and purchase price at the closing table in lieu of a promissory agreement of 8% monthly interest guaranteed from the lender once borrower make monthly interest payments.
-Capital investor receive 8% interest during the loan term
-lender receives 2-4% interest during the loan term plus 2-4 points at closing
-borrower receives 100% financing for acquisition and rehab or 70% of ARV. Once the home is rehabbed and sold the borrower will earn a return on his investment, the capital investor will be paid off.
NO UPFRONT FEE However A refundable deposit is required and held in your escrow account. 50% of the deposit is released halfway through rehab and the remaining deposit is released after 100% completion of rehab
Refundable Deposits are up to 50% of rehab cost
STILL NOT CONVINCED?
No Worries.
