Real Estate Investment Financing Program Overview
This quick close loan product is only available in Arizona, Colorado, North Carolina, Tennessee, and Texas. We generally limit it to non-rural areas with a population of at least 20,000 people within the county where the property is located. The interest rate on these loans is 12%. The origination is as follows:
- Arizona: $1,500
- Colorado: 2%
- North Carolina: 2%
- Tennessee: 3%
- Texas: 2%
Loan Type: Fix & Flip, Buy & Hold, Rehab, Cash Out, Refinance, Construction, Transactional Funding, and Bridge Financing
Property Type: Single Family Residential and Multi-Family (non-owner occupied); limited commercial
Loan Size: $50,000 to $2,500,000
Loan-to-Value (LTV): Up to 70% of after-repair value (ARV)
Loan-to-Cost (LTC): Up to 90% of purchase price (rehab financing up to 100% available subject to borrower qualification)
Loan Term: 6 months with option to extend
Lien Position: First position
Borrower Qualification: No income requirements. No credit check. No minimum FICO scores.
Borrower Type: Business / Entity
Prepayment: No prepayment penalty
Closing Speed: 24 – 48 hours. Minimal paperwork*
Other:
- Appraisal not required*
- Credit score not required*
- No “junk” fees*
REAL ESTATE FINANCING IS STRICTLY FOR BUSINESS AND/OR INVESTMENT PURPOSES ONLY (I.E. NON-CONSUMER)
*majority of loans
Jennifer, Lisa, and Patricia are our amazing representatives for our loan products. You can fill out the form below, email loans@2020rei.com, or call 972-737-1850 today to speak to them.