Acquisition Line Of Credit

Low cost Credit Lines to acquire properties are available to the novice and professional real estate investor. The acquisition credit line offers investors the flexibility of revolving or non-revolving and recourse or non-recourse credit line options. Take advantage of a credit line to purchase and aggregate properties until they are mostly leased and can be financed with a Portfolio Term Loan. Qualifying is based on the investor's overall credit profile, track record, net worth and liquidity.

 

Key Points

Minimum FICO 660

48 Hour Pre-Approval

No Minimum Property Value

Purchase in Multiple States

Recourse and Non-Recourse Available

Line Approval in 2-3 Weeks

Close Transactions in as little as 5 days

 

 

Terms

$500,000 - $25 million+

LTC: 80% max.

LTV: 75% max.

Interest: from 7.49%

Rate: Fixed

Term: 12-18 months

Amort: Interest Only

No Prepayment Penalty

Recourse Not Required

 

 

Purpose    

Acquisition Financing

 

 

Collateral

Single Family Residence

Townhomes

Duplex

Triplex

Quadruplex