5. Funding Examples

Purchase – Orangevale, CA

  • Borrower purchased with gift equity from family member. No cash required.
  • $210,000 Loan Amount
  • 10% APR
  • 2-Year Term

REO Purchase – Elk Grove, CA

  • Borrower recently employed. Verified income via recent paystub.
  • $185,000 Loan Amount
  • 65% LTV
  • 10% APR
  • 2-Year Term

Purchase – Stockton, CA

  • Borrower had recent shortsale.
  • $82,000 Loan Amount
  • 502 FICO
  • 9.99% APR
  • 4-Year Term

Purchase/Rehab Loan

  • Flipped from investor (< 30 days)
  • 65% LTV – Plus 65% of Rehab Costs
  • 780  FICO
  • 10% APR
  • No Prepayment Penalty


 

Construction – Granite Bay, CA

  • $425,000 Loan Amout
  • 60% of hard costs
  • Interest Reserves (no payments)
  • 6 properties on credit
  • No Prepayment Penalty
  • 1-Year Tern

Purchase – Sacramento, CA

  • Needed to close in 10 days
  • $165,000 Loan Amount
  • 65% LTV
  • 769 FICO
  • Self Employed
  • Hard to Verify Income
  • 9.99% APR

Purchase/Rehab Loan

  • $148,000 Loan Amount
  • 65% LTV – Plus 65% of Rehab Costs
  • Missing Kitchen, Bathroom & HVAC

REO Purchase – Sacramento, CA

  • $318,000 Loan Amount
  • Closed in 8 days!
  • 60% LTV