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Lending Criteria
-Purchase Price > $50,000
-Loan Amount > $10,000
-Equity, cash, or collateral required (varies by deal)
-1st lien position only (may combine w other funding sources)
-USA property only
Lending Terms
-No Upfront Fees
-No Monthly Payments
-No Appraisal Fee
-No Origination Fee
-No Interest %
-Flat lump sum added to back end of loan (varies by deal)
-Each deal is taken on case-by-case basis
Lending Process
1: Decide & agree on deal terms
2: Sign non-binding LOI (Letter Of Intent)
3: Send LOI to local 3rd party attorney
4: Attorney drafts documents & initiates title work/Lender’s policy
5: Wire sent & closing
Loan Types
-Flips
-Cashout Refi's
-Construction Loans
-Rental Purchases
-Blanket Loans
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