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	Residential, one to four unit properties that can be purchased, renovated and sold in under six months. Maximum loan offered is 70% of After Repair Value (ARV).
	An overview of the three loan plans offered and the benefits associated with each option.
	Begin the process of prequalification and approval by completing the necessary forms. No loan committee. No hassle approval process.
	How to qualify. How much we will lend. Loan terms. How construction is funded. Does credit matter. More answers to important loan questions.

6 Month "No-Pay" Plan

Benefits of the Six Month "No-Pay" Plan
Cash Flow
This is not available as on option for first time clients.

This loan requires the least amount of cash out of the borrowers pocket during the first six months of the loan. Great structure for quick flip projects where no extensive renovations arerequired.

Specifics
Loan Parameters
Up to 100% of the property purchase price and repair funds and not to exceed 70% of After Repair Value (ARV). Any costs above the 70% ARV are due at closing.

Costs and Fees
Interest and Points
Since the interest and points are deferred until the end of the loan, this is an expensive option for financing, but it gives the borrower greater flexibility to acquire more properties. 7 points (not including normal closing costs: title fees, taxes, insurance, etc.).

PROPERTY TYPE
Residential, 1-4 Family, investor properties only, No owner occupied properties. Larger properties are subject to approval

TERM
As low as 7 Points and 15% interest. 6 month term maximum. Additional time is negotiable, but not guaranteed. No prepayment penalties. No interest payments until the loan is closed.

LOAN AMOUNT
$70,000 minimum to $225,000 maximum. Up to 70% ARV.

The interest rate is 18% per annum, or 1.5% a month. The standard application and processing fees are still due at the time of initial closing.

To satisfy this loan option the principal and the first six months of interest (or for as many months as deferred by the borrower, up to six months) must be paid. After the initial 6 month period, monthly interest payment will be made at the beginning of the month.

All Closing costs and application costs can be rolled into the total loan as not to exceed to total loan value of 70% ARV on the property.

Repair Funds
You don't have to borrow repair funds, however if Red Brick Financial, LLC is loaning only acquisition money, the loan will be based on 80% of the "as is" price, instead of 70% of the ARV as is normally the case.

Repair funds are paid on a reimbursement basis. Inspections are required on all repairs to the property. Loan holder schedules inspection appointments directly with the funding source and cost $150 per event. After inspection, receipts for material, labor, and lien waivers are submitted to funding source for reimbursement. We pay borrower for completed repairs according to pre-approved submitted draw schedule and details of work. Renovation Funds will be advanced in no more than three draws though the life of the loan and are wired directly to the investors account. All work is documented with digital photos. Rehab portion of the loan will not exceed 150% of the acquisition costs unless otherwise approved.

Special Considerations
Schedule
Investor needs to provide a completed construction schedule along with a proposed budget for every project. A detailed form is provided in our Application Section.

Approval
Assuming the borrower is pre-qualified, loans can be approved in 48 hours or less and the loan shall close within one week of receiving all the required documents.

Restrictions
The sole purpose of these loans are to help an investor purchase, renovate, and either refinance, or sell the property. Investors are not permitted to live in a property mortgaged by Red Brick Financial, LLC.

Please Note
There is no obligation to accept any offers made. Firm offers, subject to document review and due diligence, are made within 48 hours after receipt of all required information. All inquiries are submitted and information remains confidential.