Sample Deal

Purchase Price:   $100,000 (29% discount of As is Value)

Rehab Costs:   $25,000

Total Cost:   $125,000

As Is Value:   $140,000  

After Repair Value:   $190,000

Initial Loan:   $90,000 (10% Down)

Rehab Holdback:  $25,000

Total Loan:  $115,000  ($90,000 + $25,000)

As Is LTV:   $90,000 / $140,000 = 64%

After Repair LTV:   $115,000 / $190,000 = 61%

SAMPLE RATES AND LOAN TO VALUES

MORE EXPERIENCE = LOWER RATES, MORE LEVERAGE
Experience Tier

 TIER LEVEL 1 2 3
# Purchases ever 75 25 3
# Purchases last 12 months 25 12 2
# Purchases last 6 months 13 6 1

 

LTV 1 2 3  
50 to 55% 7.50% 8.00% 9.00%  
55 to 60% 7.50% 8.00% 9.00%  
60 to 65% 8.00% 9.00% 10.00%  
65 to 70% 8.50% 9.50% 11.00%  
70 to 75% 9.00% 10.00% 12.00%  
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GAIN AN EDGE OVER YOUR COMPETITION

  • Asset Base Lending:
  • No credit
  • No Tax Returns
  • No Income
  • Reliable capital at competitive terms
  • Dependable process
  • Efficient lending platform

RESTRICTIONS

  • All borrowers (entity or individual) and guarantors:
  • FICO Requirements
  • Standard Program: Min 550
  • Jumbo Program: Min 640 (pending borrower experience)
  • No more than four 60 day late payments in 24 months (installments or mortgage)
  • All borrowers (entity or individual) and guarantors:
  • No derogatory public records in 2 years (BKs, foreclosures, short sales, NODs, etc.)
  • No felony convictions in 7 years
  • No unresolved judgment or lien > $10,000
  • No financial fraud ever
  • No rural properties
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57448390ef9ebb76030f67f2_house_for_rent

FIX AND HOLD / RENTAL

  • Loan Amounts $75 K - $5 MM
  • 30 Year fully amortized for 3 year Arm or 8 year Arm
  • 650 Min Credit score
  • 80% Max Combine Loan To Value
  • First Time Investor Loan To Value reduce by 5%
  • Signed Lease
  • No Income / No Tax Return

Commissions solutions inc

We know at CSI: that real estate can be an unpredictable business. Settlements don’t always happen as scheduled. The expenses never stop! To bridge the gap and help you to continue to grow your business, we provide safe and secure commission advances.

A commission advance service  is a financial transaction offered to you and your broker to sell a portion of a pending commission for a fee. For the fee, funds are advanced to you before settlement. It’s not a loan. It’s access to the commission without the wait!

1 – Apply

2 – Receive your agreements

3 – Transaction confirmation by Underwriting

4 – Funding ( Take about 72 hrs)

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