A perfect solution to finish your flip or rental property that does not require you to refinance your 1st mortgage.
Benefits:
- Get a property back on track.
- Don’t miss the selling season! Missing your market’s selling season can cost 5% to 10% in price cuts and extra interest costs.
- Stop wasting interest, taxes, and insurance payments on a stalled property.
- Get money at closing to keep your contractors happy.
- Move on to the next project faster.
- Keep your current lender happy.
- Less stress in your world!
Min loan requirements:
- At least 60% of the project must be finished.
- Loans for businesses only.
- Funds for repairs will be escrowed.
- Have an exit strategy (refi or sell) in 6 to 9 months.
Pro tip:
Make life easier for your lender and you’ll head straight to the top of the pile.
Provide the following on every deal:
- Budget to finish a project
- Comps
- Pictures
CONTACT US
Please contact us with any questions you may have in the details given below.