Need co-investors/lenders for flips - No 203k but escrow? - No conforming limit loans

I am looking for co- investor/lenders for flips. Interest rate is 8-14%, plus 10%-30% of the profits, fully secured with a first mortgage, 6-8 month project time. Borrowers are usually contractors - or use contractors to do the rehab. Investment amounts $20K-$100K and LTV 50-60%. If interested let me know. ( I can arrange a heloc if you want to raise the funds from real estate). - Paul :)

No conforming limits with portfolio loans
Portfolio loans have unique guidelines and restrictions because they are held in-house by the lender. They offer unique opportunties because many common rules do not apply. We can finance up to 90% LTV, max $900,000 loan, and no PMI. Check confirming loan limits here.

You may not need a 203k!
203K loans are complicated and priced a little higher. If the home is in move-in condition we may be able to work the renovations with an escrow holdback. Maximum: 10% of the loan amount ($5,000 for FHA). Funds are held back pending completion of the improvements.

Available Check loan programs/features

- Direct lender: FHA, Fannie/Freddie, VA, USDA, Homepath, other.
- Formal same day approvals (subject to verifications)
- No MI financing to 90% LTV, $900,000
- Helocs (1st and 2nds) to 85% LTV
- Jumbo loans to $10MM
- Portfolio loans
- Condo (Fannie/FHA) certifications
- Sub 640 Fico loans
- Stated income loans (50%-70%. 500-700 Fico needed)
- Hard money loans
- 95% LTV Fannie Mae condo loans (exception basis)
- Loans for non-residents
- Rehab/renovation loans, including 203K
- Construction loans
- Non-warrantable property loans
- Commercial loans

Contact me

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