This is a true 100% financing program for investors with a proven track record in Massachusetts, Rhode Island and parts of Connecticut. Once approved with the lender, the transaction process is very easy for all subsequent deals. An agent from the lender will meet you on location to view the property. Once the deal is approved, title will be ordered and loan will fund within 5-10 business days.
 

Loan Parameters:

• For MA, RI and CT
• Builders, Flippers & Investors
• 100% Acquisition + 100% Rehab
• 12% Interest Only
• 4 Points at Closing
• 9 Month Initial Term
• 2 points for additional 3 months
• Up to 75% ARV
• No Prepayment Penalty
• First deal up to $1,000,000 (purchase/rehab total)
• Larger Deals OK after 1st Deal
• Ground Up Construction OK
• Permits in place
• Flexible Draw Schedule
• Exit Strategy must be a sale
• Close in 5-10 days subject to Clean Title
• First Mortgage
• No appraisal or BPO required
• Points reduction after 3+ deals!

Pre-Approval Documents:

• New Construction / Fix and Flip Track Record
• Loan Request Submission Form
• IDIQ 3-Bureau Credit Report (soft pull)
• Personal Financial Statement
• Most Recent Business Tax Return
• 3 Months Business Bank Statements