These are for non-owner occupied 1 to 4 unit residential bridge / rehabs and the program is ideal for experienced investors and novices alike. We offer interest only purchase, refinance, cash-out and rehab loans for the short term flipper or property investor and require no credit score or report (as long as the loan closes in an entity).
We also require no personal or property income, no primary residence ownership and no investment experience. Rates start at 7% and go up to 13%, depending on the borrower's experience and property location.
This program is currently available in: CO, CT, GA, IL, MD, MI, MO, OH, SC, TN, TX, VA, WA and WV.
*Permanent purchase and unrestricted refinance cash-out (3/30) NOO 1- 4 unit loans are also available nationwide*
Term Sheet Requirements
- Completed Application (That's it!)*
*If closing individually or applying for the permanent program, a tri-merge credit report is required.
Refinance and Cash-Out* Bridge Loans
*Cash-out to finish rehab, buy more property, upgrades or cash-in-hand*
- NOO 1 to 4 Unit Residential Property Only
- Vacant Properties OK, No DSCR or Occupancy Requirement
- $100,000 to $1,000,000 (+/- considered case-by-case)
- 12 Month Interest Only Term
- No Tax Returns and No Financials
- No Credit Score/Report Required
- To 80% LTV + 100% of Rehab (owned < 6 months)
- To 65% LTV and ARV + 100% of Rehab (owned > 6 months)
- No Prepay Penalty (no exit fee, no interest guarantee, nothing!)
- Clear Use of Proceeds and Exit Strategy Required
- 2 to 3 Week Closing (with timely receipt of documents)
Interested in this or any of our programs please call (720) 446-LOAN today.