Missouri Purchase & Rehab Lending

Loan Program # 1

Territory   MO (St. Louis Only)

AMNT      $50k - $1M

LTV          75 - 100%

INT           12%         8 months

                  24%         9 - 12 months (Plus 4 points)

PTS          4 + 4 for extension

TRM         4 months (ext of 4 pts for 4 more months - then additional interest rate)

PPP          None

Need $20k of available funds

Will hold 6 months interest payments

3 Draws

Loan Program # 2

Territory   MO

Amount    $10k - $300k

LTV          50 - 60% ARV (100% of purchase/rehab)

INT           12%         5               4 months (ext of 4 months with 5 pts - will refund prorated)

                  12%         8               6 months

                  18%         8               9 months

PTS          4 - 5

TRM         6 - 12

PPP          None

CRDT      Not Credit Driven

Draws      Pay suppliers in advance, work paid as reimbursement

                  1/3    1/3     1/3

                  $500 fee for all inspections

Loan Program # 3

Territory   St. Louis, MO and surrounding counties

Amount    No min or max

LTV          Up to  70% ARV      Will loan on purchase only, no money for the rehab

                                                     Will loan 100% of purchase and roll in points if

                                                     goes up to the 70%

INT           15%   700 score and over

                  18%   Less then 700 score

PTS          4 (Min of $2000)

TRM         4 months    Then ext of 2 months at a time up to 12 months - 2 points or $1000 min

                                      for each extension

PPP          No

Will fund 2 loans at a time max

Loan Program # 4

TRTY       MO Only

AMNT      $50k - $1M                                

LTV          100% LTC of 70% ARV

INT           14 – 18%

PTS          4 - 6

TRM         6 - 9 months

PPP          None

CRDT      680

All Costs and Payments Can Be Rolled Into Loan