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Posted: Saturday, June 17, 2017 6:16 PM

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ALTERNATIVE COMMERCIAL PROPERTY LOANS


1. “Multi-Use” - Office Buildings, Office Condos, Office-Warehouse Combinations
Loans from $250,000 to $12,000,000

2. “Special Purpose” Properties –Restaurant, Day-Care, Auto Repair Shop, Car Dealer, Salons,
Funeral Home, Self-Storage Unit, Metal Building, Day-Spa, Mixed-Use, Drycleaner, Laundromat,
School

3. CONSTRUCTION - OR - RENOVATION of ANY of the ABOVE (Prefer Owner-Occupied)
Call for info

4. LINE-of-CREDIT (Small Balance):
Loans from $50,000 up to $1,000,000


5. APARTMENT Buildings - and - Senior or Student Housing Facilities
- Loans from $50,000 to $20,000,000



6. GAS Stations and Car Washes
- Loans from $250,000 to $5,000,000


7. HOTELS and MOTELS
-Loans from $250,000 to $5,000,000


8. R.V. PARKS/CAMPGROUNDS and MOBILE HOME PARKS
- Loans from $250,000 to $5,000,000



9. PRIVATE/”HARD” Money Deals – Outside Bank Type Guidelines and INCLUDING N.O.O.
Call for info

10. CHURCHES and CHURCH-OWNED or CHURCH-USED Properties
Loans from $50,000 up to $5,000,000


11. RESIDENTIAL (Limited States/Availability) Properties – Typically N.O.O./Fix-Flip/Rehab.
Call for info



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No Doc 1-4 Family Investor Purchase @ 70% LTV No Doc1-4 Family Investor Refinance @ 70% LTV


States We Currently Serve: 50 States
AL, AR, CO, CT, FL, GA, IA, IL, IN, KY, LA, MD, ME, MI, MO, MS, MT, NC, NH, NJ, NM, NY, OH, OK, PA, SC, TN, TX, UT, VA, WA, WI, WV, WY,AK, AZ, CA, DE, HI, ID, KS, MA, MN, NE, NV, ND, OR, RI, SD, VT and DC

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100% Fix & Flip @ 65% -70% ARV



>Example:

>Purchase price = $48000
>Estimated repairs = $20000

>Total = $68000

>ARV of property = $139000

>Lender Allows 65%=$ 90350
> Loan amount =$ 90350 [Proposed]


$90350 X 20% = $18070 reserve fund you bring to settlement.

Lender places the $18070 is escrow and uses it to pay the mortgage payments with the remainder being credited to your payoff. When you sell or refinance the property the bank will return the reserve fund minus any mortgage payments. Please note example:

> Loan amount = $90350
> Reserve fund minus estimated
> Mortgage payments [example is $1000/mo X 2] =$16070 Balance of reserve fund

> Estimated payoff for this example $90350 - $16070 = $74280 [Payoff ]

> Application fee paid directly to lender $995.00 One Time Only for Life!
> No exit fees
> No Downpayment requirements just have a fully executed purchase contract
> POF letters available immediately after approval
> You are only approved once as in Line of Credit
> Property needs to be vested in LLC or Inc

Call 202.930.1846

• Location: Boston

• Post ID: 42815443 boston
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