Investment property rehab loans are once again popular and Westshore Mortgage now offers investor rehab loans and a fix & flip program to meet market demands.
Our program offers financing up to 125% of the purchase price or up to 70% of the after repair value (ARV).
This is a short-term acquisition and renovation loan that will not only enable you to acquire a property but will also give you six months to improve the property for resale to a new buyer or refinance into long-term permanent financing, which we can provide as well.
Even better, this rehab loan program will permit for financing up to 100% of the purchase price, including some acquisition and renovation costs.
Westshore’s aggressive fix and flip program is for professionals who understand the power of leveraging other people’s money “OPM” to reap huge rewards on the eventual resale of the finished project to an end buyer at fair market value.
Many of our clients are return borrowers who are achieving five-figure and some even six-figure returns on their investments by simply filling a void in the market. They are buying up properties in need of repair and turning out a superb, finished project. They are not only making a nice return for their efforts but they are also improving the community where these rundown buildings once stood.
Having said that, borrower’s must contribute at least $20,000 of their own funds into the project.
Minimum loan amount is $100,000.
- This program is for corporate borrowers ONLY (absolutely no loans to individuals)
- Non Owner / Investment Properties ONLY (absolutely no owner occupied property loans)
Program highlights include:
- Up to 125% of the purchase price or up to 70% of the ARV
- No minimum credit score
- No income qualification
- Previous bankruptcy, foreclosure and short sales OK
- Six-month loan rates start at 11%
- Minimum loan amount is $100,000
- No Lender Commitment Fee
- No Lender Due Diligence Fee
- No Prepayment Penalty
- Minimum investment of $20,000
- Close in as little as 7 business days from the appraisal order
Have a fully executed purchase contract that needs funding…?
GET IMMEDIATE PRE-APPROVAL…
Go Here To Apply Online Now >> http://ApplyNow.WestshoreMortgage.com
It’s simple, safe and secure and takes just minutes.
Feel free to call us now if you have questions regarding how you can use this rehab loan program for your pending or future investment property acquisition and renovation transactions.
We look forward to helping you bring your financing request to a successful closing and funding.
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