Just a short note to let everyone know that we are no longer requiring that three months of loan payments be brought to closing. We realize that this presented a hardship for many potential borrowers and are happy to eliminate this requirement.
As it stands now, we are offering the following terms for our single- and multi-family fix and flip loan programs:
- Sliding rate scale starting at 8 percent IO for borrowers with considerable experience
- Credit score 600+
- Loan To Cost (LTC) up to 85 percent
- Loan To Value (LTV) up to 75 percent
As the overall economy and real estate markets continue to strengthen, we expect to continue to improve our terms and rates. Please check back with us often. You may reach us by phone at 443.603.0193 or by email at firstname.lastname@example.org.
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And, if you are in the market for your next project, check out properties available for expedited sale here.