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LOANS
 

FIX & FLIP 

Financing: Up to 100% of Purchase Price & Rehab Cost

LTARV: Up to 75%

Origination Fee: 5%

Interest Rate: Starting at 13%

Term: 6 months

Prepayment Penalty:  None but we require a minimum of 3 interest payments

Minimum Loan Amount: None

TRANSACTIONAL FUNDING

Financing: Up to 100% of Purchase Price

LTV: Up to 80%

Origination Fee: 2% per month

Interest Rate: Starting at 1% (increases with the number of days required)

Term: 30 or 60 days

Prepayment Penalty: None but we require a minimum of 3 interest payments

Minimum Loan Amount: None

BRIDGE AND CONSTRUCTION

Financing: Up to 100% of Purchase Price & Construction Costs

LTARV: Up to 75%

Origination Fee: 5%

Interest Rate: Starting at 12%

Term: 6 months - extensions available up to 12 months max

Prepayment Penalty: None but we require a minimum of 3 interest payments

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Typical Deals

285 Lucy Ave, Memphis, TN 38106

Loan Type – Fix & Flip

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Acquired $95,000 – April 2023

Sold $340,000 – October 2023

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Funded $176,000

$95,000 purchase
$81,000 rehab

9206 Chastain Pl, Cordova, TN 38018

Loan Type – Transactional

 

Acquired $210,000 October 2023

Sold $250,000 October 20203

 

Funded $210,000 purchase

Contact

4728 Spottswood Ave,

Memphis, TN 38117

(901) 341-7521

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