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Posted: Wednesday, March 1, 2017 7:14 AM

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FAST CLOSINGS!​

ARV Rehab Loans for Investors (Nationwide)

PROGRAM DETAILS: 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 purchase money and 100% of the rehab funds, 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:
Besides a completed loan application we will need:
(i) Two years of federal tax returns
(ii) Three months most recent consecutive bank statements
(ii) Verification of other mortgages
(iv) Credit Report with 620 minimum credit score
(v) Company Disclosures
(vi) Detailed Repair List itemizing cost

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!

• Location: Manhattan

• Post ID: 77134304 manhattan
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