Line of Credit/Rehab Money for Fix n Flip Properties.

Non-Owner Occ. Investment Properties 1-4 Family No Pre-Pay Penalties Loan Amounts 100k up to 1.25 Million 12 month term. Interest Only 10.99 Rate 90% purchase money / 100% Rehab 75% After Repaired Value 65% Cash Out (Refinance)

Documents needed:

1. Loan Application

2. Credit Authorization (will be sent later)

3. Construction Cost Sheet

4. Appraisal, Credit Card Authorization (sent later)

5. Copy of valid Soc. Sec. Card & Drivers License

6. Bank Statements: Most recent 2 months supporting Cash Reserves, Down Payment, & Closing Fees.

7. LLC or Partnership: Proof of Publication, Articles of Organization, Operating Agreement, Member Resolution & Percentage of Ownership

8. 1 year proof of Home Owners Insurance .

Lines of Credit for Short Term Loans.

Nationwide

Summary of Typical Terms*

*Lines of credit up to $7.5M.

*Borrower must verify liquidity of 20% of line amount.

*9 month term with optional 1 point, 3 month extension.

*Loan amount is the lesser of 80% of acquisition and rehab costs or 65% of after- repaired value (ARV); 85% of costs and/or 70% of ARV is available for strong borrowers.

*Loan amount of the lesser of 85% of project costs or 75% of ARV will be approved if: (i) Borrower has a minimum FICO of 680; (ii) Borrower verifies experience successfully acquiring and rehabbing at least 4 properties for sale or rental; (iii) loan amount is at least $110,000; and (iv) Borrower net worth is at least $250,000.

*600 minimum FICO score - (600 - 619 at lenders discretion based on compensating factors or maximum loan of 75% of project costs).

*Minimum net worth of $125,000.

*The Borrower will have been engaged in the rehab business for at least one full year and will have successfully renovated at least one property.

*The Borrower must submit a construction budget unless construction is cosmetic.

*Lender can advance rehabilitation draws during construction.

*Loans are personally guaranteed.

*No prepayment penalty (3 months minimum interest).

*$995 processing/underwriting fee (includes appraisal); $135 doc fee, plus any points.