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We're offering a January promotion for investors looking to fix/flip 4 unit multi-families.
This program is for investors with limited funds and looking for a partner.
Profit share split for new investors is normally 40% (lender split) for our joint venture fix/flip program, but for the month of January we're cutting our profit share in half!
That's right, for the month of January profit share will be 20% for the lender and 80% for investors. Many joint venture program splits are normally 50/50.
We will fund 100% of purchase, rehab, points, closing costs & I/O monthly payments. Purchase and rehab up to 70% ARV.
1. No Minimum loan amount up to $2,000,000
2. 12% Interest Rate
3. Up to 70% ARV
4. No monthly payment
5. Up to a 12 Month Term
6. No PPP
7. Business Entity Borrowers Only
8. Money out of pocket - less than $1,000.
9. No minimum credit score (However, credit will be pulled.) Credit report should not have recent foreclosures and tax liens.
10. Light Doc (No Tax Returns, No Bank Statements, No Cash Reserves Needed)
The important thing to remember about this program is the property purchase price and rehab costs needs to be at 70% ARV or lower.
To pursue JV financing you must have a property ready to purchase. Please complete our submission, if you do:
www.morlinoandlathea.com/financingsubmission-100_JV.pdf then email it to us.
After we receive your submission It takes about 24-48 hours to let you know if your deal is accepted. If so, you will receive a term sheet with all details including a POFs letter.