Rates & Fees
These figures represent standard rates, but may be adjusted depending on the economic fundamentals of the transaction, borrower experience and credit score, and loan to estimated after repair value (ARV). There are no prepayment penalties, nor minimum loan terms associated any of loan programs.
Call for our loan programs in Texas! They are not listed here.
Monthly Payment Plan
4-6 points, 15% Interest. Interest Only Payments. Up to 100% Financing
on Acquisition Price and Rehab Costs as long as the total costs
do not exceed 70% ARV. This is the cheapest and best method to get into loan.
Six Month "No-Pay" Plan
6-9 Points, 18% Interest. Up to 100% Financing on Acquisition Price
and Rehab Costs as long as the total costs do not exceed 70% ARV. *subject to local regulations. Not available for first time clients.
No Money Down/Partnership Loan
10 Points, 15% Interest. Points Due Upon Sale of Property.
Monthly Interest Only Payments. Up to 100% Financing on Acquisition
Price and Rehab Costs. This is an expensive alternative for the borrower, but a great way to get into the deal with "no money down". *subject to local regulations.
Rates are current as of 1 February 2006 and are subject to change without
notice. |