
Loan amounts from $1M to $10M
2. Lender will fund 100% of renovation or rehab work to the subject property
3. Lender will roll into loan 12 months loan payments
4. On case by case basis, Lender will roll into loan due diligence fees
Claim up to $26,000 per W2 Employee
- Billions of dollars in funding available
- Funds are available to U.S. Businesses NOW
- This is not a loan. These tax credits do not need to be repaid
5. Lender charges 12% interest only on outstanding loan
6. Lender decides how much profit it will charge borrower
(i.e. Purchase is $1M, FMV is $3.5M, Lender charges $500k profit)
7. Lender rolls profit into loan amount
(i.e. $1M for purchase + $500k profit = $1.5M loan amount)
($1.5M + 180k payments + due diligence = Loan Total)
8. Lender charges 0 points /1 to 3 broker points
9. Loan term is 12 – 18 months
10. No pre payment penalty
11. Upon paying off loan, borrower keeps whatever profit remains
12. The project and exit strategy are weighted more heavily in underwriting then Borrowers assets or credit.