Borrowers We Work With
Landlords
Buy, rehab, rent out and refinance within 6 months.
Rehabbers
Fix up houses to sell on the retail market in 6 months or less.
Wholesalers
Need to close on a property to clean it out and then shop the deal.
Program Details
- Annualized Interest Rate
12.00%
- Origination Fee Charged on the Backend of the Loan
3.00% of Loan Amount
- Purchase & Construction Financing
Up to 100%
- Loan to ARV
Up to 75%
- Term
6 Month, Interest Only Loan
- Type of Property
Single Family, 2-4 Family, Condos, and Townhomes
- No Prepayment Penalty
- No Appraisal Required
Property Criteria
- First Lien position only
- The borrower must be pre-approved before we will look at a property
- The property must be in the St. Louis metro area – in Missouri. We do not lend in Illinois
- We lend on single and 2-4 Family homes as well as townhouses/ condos
- The property cannot be in a flood plain
- We will lend up to 75% of ARV & we can lend up to 100% of the purchase and rehab costs