EQUITY BASED LENDING PROGRAM

 RESIDENTIAL & COMMERCIAL EQUITY BASED LENDING PROGRAM Loans Based off appraisal/BPO. If the value is way above the purchase price the less you bring to the closing table! …

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 RESIDENTIAL & COMMERCIAL

EQUITY BASED LENDING PROGRAM

Loans Based off appraisal/BPO. If the value is way above the purchase price the less you bring to the closing table! http://thathardmoneyguy.com/2014/04/08/equity-based-lending-program/

Transaction Type………………… Purchase, Refinance & Cash-out Refinance,

Loan Amounts..……………………$100,000 to $1,000,000 (exceptions case by case)

Amortization/Term………………  30 year fully amortizing / 30 year loan (3 and 5 year fixed)

Rate ………………………………    8.25 to 9.75%

Prepayment Penalty……………… 5% for each year loan is fixed.

 

Income Producing & Non-Owner Occupied

? No limit on number of properties owned

? No tax returns required

? Loans From 100K to $1 million

? Up to 70% LTV

? 650 fico (exceptions case by case)

 

Additional Lending Guidelines:

· Appraisal Dep. required for third party reports

· Impounds for property taxes and insurance required

 

· CLTV = 10% Above  LTV

James ` 330 832-5253`james@jdbfinancialllc.com

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