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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