We offer financing on Fix and Flip homes
and apartments. (Loans cannot be for owner-occupied use) Private money is used on non-bankable
properties. The properties must be non-owner occupied.
We may consider 100%
financing of acquisition after first loan is paid in
full.
Example:
$100,000 Appraisal
60,000 Acquisition Price
15,000 25% cash down
45,000 loan amount
46,350 note amount (3 discount points)
$ 463.50 monthly interest at 12% per annum
$ 6,000 cash down
2,700
6 points
450 underwriting fee
300 processing fee
___ doc prep - varies by
state
$ 4,250 estimated costs from borrower
$
10,000 rehab costs - example
$ 25,750 profit if sold by owner
Call or email Ron Heinze with loan
request.