FIX AND FLIP
This is a great program for investors that fix & flip properties quickly. Interest Only payments for a 12 month term with balloon payment due at end of term. The loan has a minimum period of 4 months interest payments.
A two-year term gives you the flexibility to fix & flip, buy & hold, engage in an extended rehab, or even qualify for a conforming loan down the road. Interest Only payments for 24 month term with balloon payment due at end of term. The loan has a minimum period of 12 months interest payments.
Cash-out refinance loans on commercial and residential real estate for business purposes are one of the most common loan scenarios we see today.
Nevada Real Estate Finance LLC is a Nevada’s leader in residential and commercial real estate loans for purchasing and refinancing. Contact us today to apply for equity-based loans.
If you’re after short-term financing for an investment property, we can help.
INITIAL DOCUMENTATION CHECKLIST
LLC/Corp/Trust Docs (if applicable)
If Purchase – Purchase Contract
If Refinance – Mortgage Statement
If Leased – Lease Agreement
Escrow Contact Info
– FIX AND FLIP
– BUY AND HOLD
– CASH OUT
– GAP FUNDING
8.5% (1 Year)
9.5% (2-3 Years)
9.25 – 10.5% (4-5 Years)
Program General Guidelines
Purchase, Refinance, Cash Out, Rehab
• SFR, 1-4, 5+, Condos
• LTV (Loan to Value) up to 75% (75-80% ltv case-by-case)
• Loan Term: 1, 2, 3, 5, and 7 years
• $50K-$3 Million
• Interest Only or Amortized Over 30 Years
• Interest Rates: 6.99% to 9.5% Risk Base Pricing
• Origination Points 2.5 – 3.5%
• No Prepay Penalties Option
• Not Fico Based, Bad Fico or No Fico OK
• Sole Proprietorship, LLC or Corporation
• No Occupancy Minimum/Vacancy OK
If you’re an individual investor looking to diversify your portfolio with real estate, we can help.