Real Estate LOC financing for your fix/flip projects.

Financing Details:

 

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 

70% ARV

Rates start at 6.9%

Interest only payments

12 Month term

2 Points

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?

  • Bank Statements (Business & Personal)
  • IRA/401K statements
  • Brokerage Account Statements 
  • Life Insurance Cash Value

Contact Lathea@MorlinoandLathea.com to apply or for additional information.

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