-4/3/20-
“RehabMax” Loan Terms
“NO DOC” & “Lite Doc” Loan Programs
Now Offering loan options up to 100% Financing *
Fix & Flip Rehab Bridge Loan Funding
Rates:
Rates starting from 9.79% for Fix and Flip bridge loans, Interest only payments
Term:
Standard term=9-12 months, or up to 24 Months terms available
Max Loan to Value-(LTV/LTC)-Loan to Cost
Up to 100% loan option to include purchase price and full
rehab costs to 70% LTV of After repaired value*
Specializing in Baltimore City, DC and Northern VA properties and the surrounding Metro areas
Down Payment Requirement: None
100% funding of the purchase price and rehab/renovation costs option available for qualified investors based on income qualifying
Alternate Programs include
Down payment requirements of 15% to 20%-of the Purchase Price depending on past experience and or real estate holdings. 100% of rehab cost financing included
Credit Score:
No Minimum score requirement for most transactions =>660+ preferred
Pre-Payment Penalty*:
NONE
How fast can you close?
Allow 10-14 Business days.
How do I Get Pre-Qualified for a “Proof of Funds” letter to shop for bidding?
Download and complete the “Loan Application” pre qual credit authorization form. Scan back to us for Pre-Qual processing- (We will not pull credit). A coversheet of any relevant or useful information about your experience is helpful to qualify and highly recommended if applicable. Any all-experience counts!
Our Philosophy:
Our Success depends on your Success! We are not just Lenders; we are Mentors too! We do NOT have a One Size fits all mentality; If we can make your deal work, WE WILL.
We lend on Residential Investment Fix & Flip properties, Rental properties, Mixed Use, New Construction/Raw land for development and Small Commercial Properties.
Good Luck & Good Investing!
The Maryland Private Mortgage Lending Team
Member of “The American Association of Private Lenders”All loans are for business commercial use purposes only. No proceeds may be used for or are intended for any consumer or personal use