REAL ESTATE - FIX & FLIP 90% LTV 

Our Program

OUR standard program is that we fund up to 90% of the purchase ($15k minimum down payment) plus 100% of the rehab with no upfront fees and we will do it within 5 days with no appraisal. We typically limit our total loan amount to 70% of after repair value.

 Costs

Interest rate: 9% interest only, paid monthly

Origination fee: 3% of the loan amount ($5,000 minimum) paid at settlement as part of your closing costs

We only charge our interest rate and the origination fee - no underwriting fees, appraisal fees, doc review fees, etc...   Attorney fee is $650 for loan doc prep that is not our fee; $500 processing fee; $50 flood certification; & notary fee not to exceed $100.  Repair draws are $150 each. 

 Loan Term

6 month loan term is standard. We can craft a loan for up to 12 months if the scope of the rehab dictates a longer term

 Loan process after you are approved

Once we have your financial documents we can move very quickly. We like to say that five days is a comfortable closing time for us but I can fund deals faster when needed. I can also have a pre-qualification letter prepared for your offer writing. When you have a property under contract, you’d just email me the basic terms of the deal (acquisition price, rehab amount, estimated sales price, beds & baths count). I do a desktop underwriting and give you a loan quote. You then tell me that you want to move forward and I send an inspector out to the property to verify the scope that you told me is the same as what I’m seeing. With that, the loan commitment goes firm and we can close as quickly as title work is complete. We close many deals the same week they are requested.

We look forward to working with you. Feel free to email me securedrelations@gmail.com