Investor Mortgages - FIx and Flip off ARV: 1-4 Family Properties in Hartford, Connecticut For Sale

PROGRAM DETAILS: 100% Purchase Money and Rehab Funds up to 65% ARV, Quick Closings and NO pre-payment penalties
PROPERTY TYPE: Residential non-owner occupied 1 - 4 family residential investment properties located the Continental US.
LIEN POSITION: First mortgages only. Minimum Loan Amount 75k.
STANDARD TERM: 12 Months.
REHAB FUNDS: We lend 100% of the repair funds and up to 100% of the purchase price, up to 65% of the After Repair Value. LTV variation depends on file and location.
RELEASE OF REHAB FUNDS: Rehab funds are usually paid in one to four draws after verification of repairs, and mailed to you or wired directly to your account.
CLOSING COSTS: Paid at closing.
GUARANTY: Personal guaranty required.
REQUIRED DOCUMENTS:
Completed loan application & supporting documents, including, but not limited to:
(i) Two years of federal tax returns
(ii) Two months most recent consecutive bank statements
(iii) Credit Report with 620 minimum credit score (obtained by Lender)
(iv) Company Disclosures
(v) Detailed Rehab estimate of work to be done and draw schedule
LOAN DOCUMENTATION:
Purchase Agreement
Builders Risk or Liability Insurance prepaid for term of loan
Inspection Report verifying work to be done and cost (obtained by Lender)
"As-Is" and "After-Repair" value Appraisal (obtained by Lender)
Title
QUICK CLOSINGS:
Once a borrower has been approved, closings can be held within a few days of receipt of appraisal and inspection reports along with proof of payment.
Email now for more details and/or how to get a property and project approved!