"COMPETITIVE RATES" "QUICK CLOSE" "NO HIDDEN FEES"
NO INCOME DOCUMENT'S
Rehab / Construction / 1 to 4 Fam, Multi-Fam 5+ Units, Mix-Use, Up To 100% Purchase & 100% Rehab
Fix & Flip Programs REHAB/CONSTRUCTION
(Up To 100% Purchase & 100% Toward Rehab / 1-4 Family & Multi Family 5 to 20 Units)
**No Income Documents Required Program Available**
Our program offers financing for purchasing a property as well as the construction funds to fix/rehab the property. Up to 100% purchase price (0% down payment) and financing 100% of the construction budget for qualified borrowers.
- (PROGRAM OPTION #1):
No Income Documentation Program / No Downpayment.
Up to 100% of Purchase Price on Rehab Projects.
Up to 100% of Rehab/Construction Costs on Rehab Projects.
Minimum Credit Score = As Low as 650 Mid-Fico Score.
1 to 4 Family & Multi-Family 5 to 20 Units.
Ground-Up Construction = 90% LTC. (Total Loan Amount Cannot Exceed 70% ARV).
No Interest Reserves.
No Seasoning or Sourcing of Deposits into Borrower Bank Accounts.
Lending States: (Non-Rural Areas) AL,CT,DE,FL,GA,IN,KY,MD,MA,MO,NJ,NC,OH,PA,
SC,TN,TX,VA.
- (PROGRAM OPTION #2):
No Income Documentation Program.
Up to 90% of Purchase Price (1 to 4 Family).
Up to 100% of Rehab/Construction Costs.
Up to 80% of Purchase Price (Multi-Family 5+ Units).
Minimum Credit Score = As Low as 640 Mid-Fico Score.
Rehab & Ground-Up Construction.
Lending States: (Non-Rural Areas) All States Except Alaska & Hawaii.
SUMMARY:
- 1 to 4 Units & Condo's, Mixed-Use & 5+ Multi Unit Residential Properties.
- Experience, Fico Score & ARV = Leverage / Rate.
- No Pre-Payment Penalty.
- Heavy Renovation, Ground Up Construction & Mixed-Use For Experienced Only.
- Borrower Makes Monthly Interest Only Payments.
- No Interest Charged on Unused Funds (interest charged only on money as deployed).
- 12 to 24 Month Term (extensions considered on a case-by-case basis).
We Offer The Most Competitive Rates Within The Industry.
All rights reserved Advance Equity Capital.
Applicant's must satisfy certain eligibility requirements. Restrictions apply. Rates, terms and conditions offered only to qualified borrowers, may vary upon loan product, deal structure, property state or other applicable considerations, and are subject to change at any time without notice, shall only constitute a general, non-binding expression of interest on the part of Advance Equity Capital, do not create any legally binding commitment or obligation on the part of Advance Equity Capital, and are expressly subject to underwriting, credit, legal, investment approval and other risk factors. Closing times may be delayed due to appraiser property access limitations and our 1 to 4 family residential programs are applicable only to non-owner occupied investment properties.