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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.

"No Money Down"/Partnership Loan

Benefits of the "No Money Down" /Partnership Loan
Security
This loan is not available for first time clients.

The "No Money Down"/Partnership Loan offers the borrower an opportunity to enter transaction with little to no money down, but this option is not cheap. Points and closing fees may be rolled into the loan balance, but the number of points charged may be twice as high as a traditional loan. Points will then be assessed on total funds lent over the course of the loan.

These properties are subject to approval based on a complete market analysis and and borrower track record with Red Brick Financial, LLC.

Specifics
Loan Parameters
Up to 100% of the property purchase price and repair funds not to exceed 70% of the after repair value can be financed.

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

TERM
6 month term maximum but additional time is negotiable. No prepayment penalties. Monthly interest only payments. 1st month paid in advance

LOAN AMOUNT
$60,000 minimum to $225,000 maximum. Up to 70% of the ARV.

Costs and Fees
Interest and Points
10 points (not including normal closing costs: title fees, taxes, insurance, etc.). The average closing costs and fees for each loan will range between 9-11% of the loan amount. Seller's concessions/assists may be used to finance the closing costs, as long as the loan does not exceed 70% ARV. Interest Rates range between 15% per annum. These depend on the credit and experience of the buyer. Personal Guarantee required with all loans.

Repair Funds
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. 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.