Terms & Fees
- 48 hours closing possible
- Loan terms are 6-24 months depending on borrower and project
- Interest rate ranges from 10%-14%
- 2-4 points/loan origination fee
- Interest payments will be due monthly
- No prepayment penalty for paying off loan early
- 90 day extension at lenders discretion
- All closing costs and points are due from borrower at closing
- Loan fees may be financed if loan below max LTV and/or lender approval
- Maximum LTV up to 75% of ARV
- $850 Closing fee – includes appraisal, documents, processing, & flood cert
- Loans are made on (ARV) after repaired value
- Loans available from $20,000 up to $5,000,000
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