- Loan amounts up to $3,000,000.
- Loan term of 1 year to 2 years
- Loan to value of 60%-65% or below on residential Fix & Flip, less preferred.
- Financial information showing that you have the funds to maintain your monthly interest payments
- Presentation of a clear exit strategy, ie. Fix & Flip or Fix & Hold
- For Fix & Hold borrower’s credit in line with approval standards for traditional refinancing will need to be presented
- An Appraisal completed by an independent appraisal company
Requirements
- Experienced team to complete the project
- Contact of Sale and full attorney review chain.
- Hazard Insurance
- Draw Schedule
- Ferrous Metal Scan (Tank Sweep):
- Corporation Formation Docs
- Corporation Operating Agreement
- Flood Search
- Flood Insurance
Alpha Funding Solutions
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