Looking for Rehabbers Contact Don Estill donestill04(at)gmail.com 1-770-917-8852 Rehab Bridge Loan Program Guidelines and Submission Procedures For the Rehab and Real Estate Investor Our Primary Goal is to get you the capital needed quickly in order to get you into your property and rehabbing timely so you can profit and get to the next transaction. Our online qualification system can get you qualified with a BPO value and an LOI in minutes with our Quick Rehab CIS Form. Third party origination and brokering is not available at this time Product Procedures and Submission Product Details Fix and flip or buy and hold loans Loans from 50 000 to 2.5 Million Financing for SFR 2-4 units town homes and PUD Loan term 6 to 12 months Loans to 80% -if purchase price value Loans to 90% -if value more than purchase price Financing will allow for 100% of the rehab costs via construction draw to be determined Long term buy and hold loans available with a 5 1 arm Rates vary based on your experience and completed rehabs in the last 6 and 12 months. Rates range from 8 to 12% based on your experience Extension fee of 1% for 3 to 12 month extension Fees are 2.5 to 4% depending on loan size Closing in 10 to 14 days for first time Re Habber Returning Re Habber closing in 7 to 14 days Borrower in an LLC or personal name Qualifications Borrower need to show completed rehabs for the last 6 months 12 months and lifetime Credit needs to be 500 No more than 2 over drafts in 3 months No more than 4 60 day late s in 24 months No foreclosures or bankruptcies in 2 years No major criminal charges in 7 years No unresolved judgments or liens over 10 000 No financial fraud ever No rural properties 10 Minute Submission Process Re Habber will request and complete the Rehab CIS Form for our review Your CIS form details will be entered in our underwriting DU engine for immediate approval Based on your criteria the LTV and rate page is provided to you to select on each transaction We then collect a charge of 199 for a BPO which is ordered and used to qualify your property. Lastly an LOI is generated with the submission doc checklist. States Offered Texas Georgia Tennessee Colorado Washington West Virginia Illinois Ohio Missouri Virginia Florida South Carolina New York To get qualified please email your request to donestill04(at)gmail.com Don Estill Private Client Services LLC Admin Assist. Private Banking and Client Services GA Office Contact Don Estill 1-770-917-8852
Category: Financial Services
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