This is the perfect tool for short sales, repossessions, foreclosure purchases, quick cash-outs, or other time restrained deals. We understand that you need capital fast in these situations to quickly snatch a lucrative deal and have developed a system to close in 5-days without hard money rates and very low LTV; a simple product with a concentration on quick action and speedy funding.

Loan Criteria:

• Amount: $750,000 to $3,500,000
• Property types: Single Family Residence and Multi-Unit Dwellings
• Lending Area: California
• Term: 12-months to 18-months
• Interest Rate: Minimum 2.75% over WSJ Prime
• Maximum LTV: 70% As-Is Value
• Repayment: Interest Only (IO)
• Lien Position: 1^st Lien
• Lender Loan Fee: Varies
• DSCR: Interest Reserve Available
  
• Non-Recourse: possible for qualifying transactions
• Funding may including: Purchase Cost, Refinance Cost, Interest Reserve, Cash-Out

Download Loan Criteria