Investor's Source Everyday Rates & Terms
Program: Fix & Flip & Construction Loans
Term: 6 months plus 3 month paid extension
Origination Fee: 4 points. Minimum $3000. (5 points, minimum $3500 outside the Front Range)
Interest Rate: 14%
Prepay Penalty: None (Minimum number of months guaranteed interest may apply)
Program: Rental Property Capital Preservation & Wealth Builder Programs
Term: 24 months
Origination Fee: 4 points Minimum $3000. (5 points, minimum $3500 outside the Front Range)
Interest Rate: 1st position - 12%
Prepay Penalty: 12 months of guaranteed interest
Program: Non – Recourse Loans (For qualified retirement accounts)
Terms: Same as above programs except add 1% to the interest rate
Program: Transactional Financing/Flash Cash
Term: Must be same day double close
Origination Fee: Transactional funds up to $300K - 2 Points ($2500 Minimum)
Transactional funds over $300K - 3 Points
If your particular deal doesn’t fit into our loan structure, feel free to contact us to discuss other options.
Loan Amount: Up to 100% of the purchase price, rehab and closing costs on improved, non- owner-occupied real property with a maximum loan to appraised ARV (after repair value) of 70%. Up to 50% ARV on land and/or purged mobile homes. We can do bridge loans for owner-occupied real property using a lease/purchase agreement. Call us for details.
Collateral: First deed of trust on non-owner occupied real estate including commercial.
Borrower Requirements: Quick Form Loan Application & Purchase Contract. No other docs for loan pre-approval. For final loan approval: appraisal in most cases. personal financial statement and documentation, proof of income, 2 years tax returns, 2 bank statements & credit report.
Lead Time: 7 -10 business days from the time all paperwork is submitted including the appraisal report. We can fund in fewer than 7 business days. (Add 1 origination point).
Fill out an application or Contact The Investor’s Source LLC today for a hard-money loan for your short-term borrowing needs!