Charleston Investor Home Flipping Loan

Dated: 08/29/2016

Views: 453

One of our Preferred Lender, The Tabor Mortgage Group, has a new loan product for Investors looking to flip properties.  Here are the details:

1.       65% LTV on IMPROVED value of home

2.       No documentation required from borrower other than credit check

3.       Appraisal completed by one of our approved AMC appraisers

4.       9-month term – Interest Only with balloon payment at end of term

5.       No PPP (pre pay penalty)

6.       12-14% rate – 4 point orig fee

7.     10% minimum down payment, based on purchase price only (min loan amount $100k, max loan $250k)

For example:

Purchase Price $100,000

Estimated Repairs $50,000

Improved Value $200,000

Loan Amount $130,000

If this interests you, please give us a call at (843) 628-0900 or email us and we'll put you in touch with a loan officer.

Here's a link to all of the foreclosures and short sales available in the Charleston market:  

Charleston County:{search:[]=county%3ACHARLESTON&fbts=2461176&beds=0&baths=0&min=0&max=30000000&map=0&options[]=foreclosures&sortby=listings.listingdate+DESC&quick=1&ppc=Blog+Investor+Loan&addht=bloginvestloan}

Dorchester County:{search:[]=county%3ADORCHESTER&fbts=4793405&beds=0&baths=0&min=0&max=30000000&map=0&options[]=foreclosures&sortby=listings.listingdate+DESC&quick=1&ppc=Blog+Investor+Loan&addht=bloginvestloan}

Berkeley County:{search:[]=county%3ABERKELEY&fbts=1793752&beds=0&baths=0&min=0&max=30000000&map=0&options[]=foreclosures&sortby=listings.listingdate+DESC&quick=1&ppc=Blog+Investor+Loan&addht=bloginvestloan}

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Hunter Reynolds

Hunter Reynolds is a full-time Realtor with Keller Williams Realty in Charleston, South Carolina and is Foreclosure and Short Sale Certified. He specializes in residential properties in Charleston, SC....

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