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Fix & Flip (Rehab Loan) Mortgages

posted Feb 18, 2014, 1:57 PM by Massey Kouhssari

BANKERBROKER.COM LENDING PARAMETERS OVERVIEW:


Almost ANY Property Type: Non-Owner Occupied Only

  • Residential – SFR / 2-4 Units / Condo / PUD
  • Multi-Family – Apartments (5+ Units)
  • Commercial – Retail, Office & Mixed-Use
  • Land & Lots (In-fill)

Flexible Loan Criteria:

  • Up to 75% of purchase price for Rehab Fix & Flips!
  • Up to 65% LTV for Purchase Loans
  • Up to 60% LTV for Refinances
  • Loan Size: $35,000 & Up.
  • 1sts, 2nds and 3rds.
  • No PPP, Lockout or Exit Fees
  • No Commitment/Upfront Fees
  • No Min. FICO Score Required

Broad Range of Loan Programs:

  • Fix & Flip [Rehab] 65% ARV
  • Buy & Hold
  • Broken Construction
  • Probate Estate & Trust-owned Property
  • Bridge, Owner-user, Communities, Factory Built

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949-244-1880

A Sampling of Loans We Closed:

Residential 1-4


Northridge.bmp

City: Northridge, CA 91362
Transaction Type: Purchase, Short Sale
Purpose: Fix & Flip
Property Type: SFR – Detached 
Lien Position: 1st 
Loan to Value: 62%
Loan Amount: $627,500.00
Note Rate: 12.000%
Loan Term: 1 Year
Status: FUNDED

Land

Northridge.bmp

City: Santa Paula, CA 93060
Transaction Type: Refinance, Cash-out
Purpose: Business Purpose: Fruit & Nut Ranch
Property Type: Land: 67 Acre Working Orchard
Lien Position: 1st 
CLTV: 20%
Loan Amount: $450,000.00
Note Rate: 9.25%
Loan Term: 2 Years
Status: FUNDED

Commercial

Northridge.bmp

City: Northridge, CA 91722
Transaction Type: Refinance - Cash-out
Purpose: Real Estate Investment Capital
Property Type: SFR - Commercially Zoned. Owner-user Office Building
Lien Position: 1st 
Loan to Value: 60%
Loan Amount: $300,000.00
Note Rate: 8.999%
Loan Term: 4 Years
Status: FUNDED

 

Multifamily

Northridge.bmp

City: Glendale, CA 91201
Transaction Type: Refinance - R&T
Purpose: Retire Existing Ballooning Note
Property Type: Multi Family Residence: 
Five (5) Units
Lien Position: 1st 
Loan to Value: 36%
Loan Amount: $350,000.00
Note Rate: 10.5%
Loan Term: 2 Years
Status: FUNDED

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