My direct lender has the unveiling of one of their new Line of Credit (LOC) Programs for experienced operators.  They are also rolling out a new construction and commercial rehab program as well.

Fix N Flip LOC - Up to 90% LTC with rates between 7.49-9.49%.  Typically 2-3 points and the option for a 6, 9, or 12 month term (point discount available for shorter term).  No PPP and rehab can exceed purchase price.

Fix N Flip - Up to 90% of PP and 100% of rehab with rates between 10-11%.  Typically 2-3 points and a 12 month term.  No PPP and rehab cannot exceed purchase price.

New Construction - Up to 75-80% LTC with rates between 7.49-9.49%.  Typically 2-3 points and the option for a 6, 9, or 12 month term (point discount available for shorter term).  No PPP and rehab can exceed purchase price.

Commercial Rehab - Up to 85% LTC with rates between 7.49-9.49%.  Typically 2-3 points and the option for a 6, 9, or 12 month term (point discount available for shorter term).  No PPP and rehab can exceed purchase price.

All that is needed is 2 forms, purchase contract, and scope of work to get a formal quote.  

Don Carter
E-mail:donmoneybiz@gmail.com
Facilitator to Lender

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