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Boston: South Shore

Looking for Funding For Your Next Fix & Flip Project?

Overview

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Ad number:#974708529
Contact:Stanley Colimon
Phone:7815101453
City:Randolph
Zip:02368
Price:$0

Description

We offer financing for up to 90% of the purchase price + 100% of renovation costs, not to exceed 75% of the after repair value.

LOAN CRITERIA

Collateral: Non-Owner Occupied 1-4 Family Real Estate; Condos; Townhomes: 5+ Unit Apartments; Mixed-Use Properties

LTV: Up to 90% of the Purchase Price + 100% of the Renovation Cost; Not to Exceed 75% of the ARV

Term: 12 Months (6-Month Extension Available)

Minimum As-Is Property Value:

$50k for Single-Family
$25k per Unit for 2-4 Family
$35k per Unit for Multi-Family (5+)/Mixed-Use

Loan Amount:

$50k – $7.5M for 1-4 Family, Condos, & Townhomes
$250k – $10M for Multi-Family (5+)/Mixed-Use


Minimum FICO: 620

Interest Rates: As Low As 7.49% (Interest Only Charged on Outstanding Balance)

Pre-Payment Penalty: N/A

 

For More Information contact me:

Stanley Colimon 

781-510-1453

S.Colimon@incontactmarket.com

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