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Review Current Guidelines for Fix and Flip, Long-Term DSCR, Ground-Up Construction, and Other Loan Programs.
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Review and Download Important Documents That May Be Needed Throughout the Loan Process.
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Analyze Your Next Investment Property to Develop an Accurate Scope of Work and Maximize Your Return on Investment.
Borrower is a new investor looking to cash out Refi a SFR property located in Marion, NC and hold it for long term loan. Property is in good condition, appraised for $350,000.00 as is with a CDA confirming the value was acceptable. Property is currently leased and generating $2,200.00/Month which is equal to the appraisers estimate market rent at (2,200.00/Month). Bank statement reflects sufficient liquidity to close this deal. Loan is structured at 60.00% LTV presenting 1.26 DSCR.