California Purchas/Rehab Loans - 100% Financing

TRTY          CA, FL Only                       
AMNT         $50k - $5M
LTV            100% LTC of 70% ARV
INT             14%
PTS            4 - 5
TRM           12 months
PPP           None

No Credit Reports or Verification of Income
Points & Closing Costs Can Be Rolled Into Loan
Experienced Investors Only
Need Appraisal

This product currently allows up to 100% of the acquisition & rehab costs to be included in the loan as long as the total LTV is less than 70% of the completed projects value!
Quick closing! (15-20 business days from complete submission)

100% of costs rolled into the loan!
Fee's rolled into the loan!
Closing costs and points paid at time of closing
Increase your liquidity by leveraging your experience to borrow the capital!
No Credit Check or Income Verification!

SUBMISSION REQUIREMENTS:

Completed Application 
Signed borrower's authorization 
Executive Summary (include written exit strategy)
Proof of History of Flipping or Investing
Schedule of Real Estate Owned
Signed Purchase Agreement
Estimate/Repair Bid
Preliminary Title Report
3 months current bank statements
Copy of state issue ID/Passport
Appraisal of subject property (to be ordered by Lender)

* If closing in a LLC, Corporation, or other entity please provide the following:

Articles of Incorporation/Formation
Operating Agreement
Corporate Bylaws (if applicable)
Certificate of Good Standing (must be less than 60 days old)
Corporate Resolution naming signers
Copy of sate issue ID/Passport of all principals with 25% > ownership

Purchase/Rehab Lender # 1

TRTY        Chicago Area Only
AMNT       $50k – $5M
LTV          65% ARV up to 100% LTC
INT          14%
PTS         4
TRM         6 – 8 months
PPP         No
Properties: 1 – 4 units and larger apartment buildings
Lender has Borrower escrow all loan payments at closing
Lender has Borrower escrow 6 months PITI of future end loan
1. Term can be up to 10 months, need Lender to know
2. At closing, Borrower gives term of loan in payments to be put in escrow
(example: 7 month loan, 7 months into escrow
3. Lender looks at all loans as exit strategy refinances
Lender qualifies Borrower for end loan as part of underwriting
Lender has Borrower bring to table 6 months PITI of end loan payments

Purchase/Rehab Lender # 2

TRTY        Chicago Only
AMNT       $20k – $5M
LTV          70% ARV (Up to 100% LTC)
INT          24 – 36%
PTS          1
TRM          6 – 12 months
PPP          4 month guarantee
Property: 1 – 4 units, Commercial, Apartment Complex, Condos

Purchase/Rehab Lender # 3

Territory          Chicago
Amount            $50k – $400k
LTV                 80% of purchase and rehab (but max is 65% of LTV)
INT                 18 – 24%
PTS                 5 (min of $2,500)
TRM                12 months
PPP                 4 months guaranteed
CRDT               600
Will do JV

Loan Program # 4

Refinance Only Lender
TRTY           Chicago Area Only
AMNT          $25k – $1M
LTV             60 – 70%
INT             12 – 20% (15%)
PTS             5
TRM            12 – 24 months
PPP             3 month guarantee

Private Lending: Assisted Living Facilities, Senior Care Centers, Rest Homes

Loan Program # 1

TRTY       Nationwide

AMNT      $300k - No Max

LTV          70% LTC

INT           12 - 15%  (12% in above states)

PTS          5

TRM         12 – 36   months

PPP          None

Loan Program # 2

Territory   National        

Amount    $25k - $2M

LTV          65%

INT           10 - 14%

PTS          3 - 6

TRM         6 - 24 months

PPP          No

Credit       No score requirements

Loan Program # 3

TRTY       Nationwide

AMNT      $500k - $20M  (East Coast)

                  $1M - $20M     (Outside East Coast)

LTV          65%

INT           10 - 14%

PTS          2 - 4

TRM         12 - 36 months

PPP          No

Loan Program # 4

TRTY       Nationwide

AMNT      $1M - $50M

LTV          70%

INT           6.75 - 10.75

PTS          2

TRM         1-5 / 15, 30 or IO

PPP          Borrower choice

Private Lending: Apartments, Multi Family, Multi Familly Complexes

Program # 1

TRTY    Nationwide
AMNT    $500k – $100M
LTV       65% as is or purchase – Residential
INT       10 – 14%
PTS       3 – 5
TRM      1 – 15 years
PPP       None

Commercial Construction up to $50M


Program # 2

Territory    Nationwide
AMNT        $100k – $2M
LTV           65%
INT           10 – 15%
PTS          3 – 6
TRM         12 – 36 months
PPP          None
CRDT       Not FICO driven

Trophy Homes: AZ, CA, CO, FL, ID, HI, NV, NY, OR, UT, WA
Construction / Construction Completion $1M and up, SE & SW $200k and up


Program # 3

Territory    Nationwide
AMNT        $3M – $100M (Hotels $500k – $15M)
                                       (Small Commercial $250k – $5M, 65%)
LTV           75%
INT           12 – 15
PTS           2 – 6
TRM          12 – 36 months
PPP           None

Hospitality, Major Flags Only (to 70% purchase, 65% LTC for Construction)
Apartments
Commercial
Permanent, Mezzanine, Bridge


Program # 4

Territory    National
Amount     $25k – $2M
LTV           65%
INT            10 – 14%
PTS           3 – 6
TRM          6 – 24 months
PPP           No
Credit        No score requirements

1 – 4 Unit Buildings in CA Only

Purchase/Rehab : 60% of purchase and 60% of rehab, will roll in pts and cl costs
100k purch + 20k rehab = $120k / Will loan $60k + 12k = $72
Bridge Loan : 60% As Is, 5 pts, 13% , term 24 months

No Ownership Seasoning on Refinancing, off Current FMV

Loans from $100k to $3M
Full Doc Commercial Lending
Apartments, Strip Malls, etc
Bridge Financing
$100k to $50M

Stated and Full Doc to 65% LTV
DSCR may not be relevant in some cases

Documents
2 years P & L
2 years tax returns
Rent roll
Proof of funds
1003
Business Financial Statement
Personal Financial Statement
Appraisal (if have)
Color Photos
Credit Report


Program # 5

TRTY       Nationwide
AMNT      $100k – $10M
LTV         50 – 70%
INT         10 – 15%
PTS         2.5 – 6
TRM        15 / 30
PPP         None

Refinance: No ownership seasoning will take off of current value

Will not lend on 1 – 4 unit apartment buildings

Multifamily, Apartments, Mixed Use, Office, Retail, Warehouse,
Industrial, Shopping/Stip Centers, Storage, ALF, Mobile Home Park,
Auto Repair, Restaurant, Daycare, Funeral Home, Gentleman’s Club,
Gas Stattion, Motel, Church, B & B, Golf Course, Dary Care, Other

No Ratio Income / Verified Assets - Commercial Properties

Here are the criteria for the NO RATIO INCOME, VERIFIED ASSETS

purchase and refinance (rate & term or cash out), no rehab

Loan program:

TRTY                 Nationwide (Not: AL, AZ, HI, MI, OH, SD, WV, VT)

AMNT               $100K - $3M

LTV                    Up to 75%

INT                    7.5 - 11.5%                  

PTS                    2 - 3

TRM                   3 – 5 – 10 / 30 yr amort.

PPP                    Fixed Rate Period

CRDT                 Min 650 middle

Property Types:              Apartments                   Retail                          No Residential

                                           Mixed Use                     Self Storage               (1 – 4 Unit)

                                           Mobile Home Parks    Warehouse

                                           Office

Properties Financed:      No Limit

Ownership Seasoning:   None

Borrowers:                      No Foreign Nationals

Closings:                           45 - 60 days from loan submission

Preliminary

Documents:                    1003

                                          P & S Agreement

                                          Deposit Receipt (or check, front & back)

                                          MLS Listing or Photos

                                          Credit Report

                                          Driver’s License & SS card (Passport for Foreign National)

                                          Business License & CPA Letter (2 years for self employed)

                                          3 months bank statements

                                          2 years tax returns

                                          Rent Roll

                                          Resume

                                       

Stated Income / Stated Assets, Up to $2M, NY & GA

TRTY                 NY & GA

AMNT               $200k - $400k    /      $401k - $2M

LTV                    65%                      /      60%

INT                    5 – 6%

PTS                    3

TRM                  3 – 5  /  30

PPP                    No pre payment penalty

CRDT                 Min 650 middle, no lates last 12 months

Property Types:           Standard with case by case exceptions

Church Loans

Loan Program # 1

Territory           National
Amount            $250k – $20M
LTV                 80%
INT                 3 / 25 7.25 PPP 1 yr Pts 1
                      5 / 25 7.45 PPP 2 yr Pts 1
                      7 / 25 8.15 PPP 3 yr Pts 1
                     10 / 25 8.45 PPP 5 yr Pts 1
PPP                No
No                 Application Fee


Loan              Program # 2

TRTY             National
AMNT            $500k – $10M
LTV               70%
INT               5 / 30 5.625 – 7.875 (then ext 5 years)
PTS               1
PPP               5 / 4 / 3 / 2 / 1

No up front fees. After Commitment Letter issued, then
wants 1/10 of 1% for fee.


Loan Program # 3

TRTY          Nationwide
AMNT         $500k minimum
LTV            80%
INT            1 yr ARM 15 / 20 amortization – 2 / 6 caps Prime + .5
                 5 yr ARM 15 / 20 amortization – 2/ 6 caps Prime + 1.5
PPP            None


Loan Program # 4

TRTY          National
AMNT         $50k – no max
LTV            Up to 90%
INT             5 / 25 5.25
                  10 / 25 5.85
                  20 / 20 6.9
PTS             1 – 3
PPP             Varies with length of term

Church must be in business at least 3 years
Purchase, refinance, renovation, construction