PRIVATE MONEY FIX AND FLIP LOAN PROGRAMS
Real Estate Investors need funding for your next project? Special Funds now available Nationwide! Purchases, Fix and Flip, Fix to Hold , Refinance Cash, Rate Term, Construction, Credit Lines, Portfolio Lending, Bridge Loans, Blanket Loans and more. The Money Source of America in house loan committee consist of and is connected with large private money funds and firms nationwide. We can fund on Commercial and Residential properties nationwide.Our fix and flip programs are asset based,use common sense underwriting , are designed to handle specific needs, challenges and objectives surrounding all levels of real investor funding. Our Programs are designed to provide fast and efficient service in loan approvals, loan closings and distribution of Real Estate Investor funds.
FLAGSHIP PURCHASE AND REHAB FUNDING NO DOCS
To see what you qualify for fill out a loan proposal summary today
NO ASSET,RESERVE,INCOME VERIFICATION REQUIRED
- Up to 100% of Purchase and Rehab
- No Docs Required
- 75% ARV
- Rates start 8.99%
- 75,000 to 2 Million
- Minimum Property Value 75,000
- 1-4 Units Residential Investment
- Built - In Interest Only Payment Reserve
- Front Loaded Advanced Draws
- No Sourcing of Funds Needed
- Do Multiple Properties
- Term Sheets in 24 Hours
- Commitments in 7 Days
- Streamline Closings Available
- No Experience Necessary
- Exit Sell or Refinance (In House available)
Approvals are based on the deal, experience, the property. and the exit strategy. If the deal make sense we can fund it. If you are a fix and hold investor we have your solutions as well. We will provide you with the purchase and rehab money and once the property is renovated and ready to rent you can roll your bridge loan into one of our permanent fixed low interest rental loans. Fill out a Loan Proposal Summary completely to see what your deal qualifies for.
We are funding on this program from great cities such as Los Angeles , San Diego, California ,Chicago, Rockford IL, Miami, Orlando, Jacksonville Florida,Atlanta,Savannah Georgia, Charlotte, Raleigh,North Carolina, New York City, Buffalo, Syracuse, New York Pittsburgh, Philadelphia, Pennsylvania, Richmond,Norfolk VA, Denver, Colorado Springs, Colorado, Dallas, San Antonio, TX, Detroit, Ann Arbor, Michigan,Cincinnati, Cleveland,Ohio,Greenwich, Hartford, Connecticut. Baltimore, Rockville ,Maryland, Washington, DC.New Orleans,Baton Rouge LA, Boston,Worcester, Massachusetts, Newark,Trenton,New Jersey City New Jersey, Seattle,Tacoma, Washington, Cheyenne, Jackson, Wyoming and all the cities in between.
100% Short -Term Documented Program
100% Purchase and Rehab up to 70% ARV Advanced Draws.
100% Refinance and Rehab and Ground up Construction. Purchase lot with Cash get paid back at closing.
Terms 12 -18 months Interest only, rates starting at 9% interest only. Requirements credit score 620 or better, liquid assets in the bank, positive mortgage history, No BK last three years, documented income, legal US Resident, primary residence must be in 60 miles of the investment property, States program available in CO,CT,DE,FL, GA,MD,MA,NH,NJ,NC,SC,VA, PA,RI, NY(no Burroughs). If you fit these qualifications GET APPROVED TODAY! today for 100% Fix and Flip Funding. If you do not fit these requirements for 100%. We have multiple private money investors that will fund your deal with some real estate investor participation. Go fill out a loan proposal summary and with in 48 hours we will review, approve and issue a term sheet on your deal.
- 100% Financing for Purchase and Rehab….up to 70% ARV (Tiers vary based on credit)
- Liquidity: Must have at least closing cost + 6 months reserves (3 Months paid at closing).
- Income: We are not a “Stated” loan BUT we do not have hard and fast DTI’s. Typical want a min of $50k. We will back into Tax Returns – Schedule E’s, S-Corp income etc. to see cash flow.
- First time investors – no problem
- No Contractor approval – DIY acceptable (will still need a SOW & Inspection)
- Co-Borrowers accepted to strengthen the over Credit, Income &/or Liquidity
- Draws unlimited.
The below outlines what we need for new submissions & closing (and pre-approvals/pre-qualifications).
6 months most recent consecutive months bank statements (both business and personal) (For a pre-approval, or if above 700 FICO we only need the last 3 months)
- 2 years tax returns (both business and personal) (For a pre-approval, if above 700 FICO, we only need tax returns for last year).
Residential Investor 1-4 UNIT PROGRAM
Short Term Bridge Loans
- 100,000 to 10 million
- Luxury Residential Investment
- 6 to 36 month terms
- No credit minimum
- To 90 % of Purchase
- 100% of Rehab
- 80% Refinance /Rehab
- Unrestricted Cash-out
- Interest only
- No Prepayment Penalty
- No Exit Fees
- No Junk fees
- 1 to 2 weeks close
- Blanket Options Available
Get Approved Today
CHECK OUT OUR NEW BUY 2 RENT PROGRAM
- New pricing with rates starting at 8.5% interest only
- Lending up 75% LTV YES will consider the VALUE and not just the purchase price
- 2nd mtg allowed behind our first, MAX CLTV is 90%. Our max LTV is 65% if their is a second behind us.
- Fund up to 90% of purchase price.
- NO Tax returns required
- Closings in 7 -10 days
CHECK OUT OUR PRIVATE MONEY REFINANCE PROGRAMS
- Rate/ term rates prime + Up to 80% LTV
- Cash out up to 80% LTV No seasoning
- Rate and term to 80% LTV
- No credit score requirement
- Blanket loan options available for multiple properties.
- Term Loans for portfolios 5 to 10 years fixed terms rates starting at 5%
- lending on institutional portfolios
- Loan amounts 50,00 to 50 million
- Closings 10 to 15 days
PRIVATE MONEY PURCHASE LOANS
- Purchase Loans up to 80 % LTV
- rates starting at 7.99%
- Single or Multiple properties
- No Docs options available
- No appraisal options available 55% LTV Max
REAL ESTATE INVESTOR CREDIT LINES
- Pre- Approved Credit Lines available for experienced Real Estate Investors
- Credit Line available for purchases or refinancing existing assets.
- Multiple property options available.
- Loan amounts up to 50 million
Real Estate Investors we are looking to build a long term relationship with our unique solutions geared especially for you. Money Source Investor Relationship Program. You will enjoy a streamline underwriting process and fast closings, We want to be your funding partners. Come join our family of successful investors nationwide.