Rent Ready Bridge Loans
*Scores as low as 650
Embedded Files
Are you interested in purchasing a rental property that requires no rehab but not looking for a long-term rental loan? Our Rent Ready Bridge Loans are the perfect program for you!
Program Guidelines....
Up to 85% LTV of the cost of project
Loan amounts started from $50,000.00 to $5,000,000.00
Close in as little as 2 weeks
Super low interest rates
Origination Fees as low as 1pt
Loan term 12 I/O with no Pre-Payment Penalty
Standard items we need from you....
Identification.
EIN Letter.
Articles of Incorporation or Articles of Organization.
By Laws or Operating Agreement.
Track History/SREO. We can use RE licenses and GC licenses towards experience as well
COGS if the entity is older than 1 year.
Standard items we need for the property....
Executed Purchase Contract or Deed/HUD for a Refinance.
Scope of Work / Rehab Budget.
Insurance.
Payoff Letter for a Refinance.
Condo Questionnaire for Condo files.
This program is currently available to investors with valid a corporation only, not for personal loans. For a personal residence mortgage, please visit Residential Real Estate Loan Programs
Financing is subject to verification and lender approval. We reserve the right to request additional documents for processing and underwriting.
Report abuse