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Real Estate LOC financing for your fix/flip projects.
LOC: $250K - $10M (based on liquidity)
Property type: SFR and up to 4 Units (LOC can also be used for multi-family 5+ units and mixed used – terms are different)
Minimum loan amount: $50K
90% purchase and rehab
Rates start at 6.9%
Interest only payments
12 Month term
700+ credit score required with $50k minimum in liquidity needed from borrower.
LOC is approved without collaterization
LOC can also be used for turnkey rental projects (70% of as is value)
LOC can function as a proof of funds letter
One-time fee to set-up LOC after approval
What can you use as Liquidity?
Contact Lathea@MorlinoandLathea.com to apply or for additional information.