terms
- Six month duration with a balloon
- Extensions maybe permitted on a case by case basis
- Monthly payments (interest only)
- No amortization schedule
- No escrow for taxes or insurance
- Loans from $30k - $2mm
- No prepayment penalty (with a 30 day notice)
- Loan to value (60% LTV) of the After Repair Value (ARV)
- Rates are 6 points and 16%
- With a qualifying LTV, we will finance your loan cost
- We'll fund 100% construction draws (after work is completed)
- We will lend to LLC's with a personal guarantor