Acquisition Line Of Credit

The Acquisition Line Of Credit is an excellent tool for the experienced and active investor. Once approved for a LOC, the line provides a streamlined lending process so you can acquire multiple properties faster, without going through a complete borrower review each time you buy a property. Once approved for a LOC we only need: an appraisal, inspection, title and insurance for each property you wish to fund on the LOC. Once the line is established, access to funds are quick and Proof Of Funds are accessible for deals requiring this. 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. Qualification is based on the investor's overall experience, liquidity, credit profile and net worth. Contact me to discuss further and streamline your business model.

 

Key Points

Minimum FICO 620

48 Hour Pre-Approval

No Minimum Property Value

Purchase in Multiple States

Recourse and Non-Recourse Available

Line Approval in 2-4 Weeks

Close Transactions in as little as 5 days

 

 

Terms

$500,000 - $25 million+

LTC: 85% max.*

Interest: from 6.99%

Rate: Fixed

Line Term: 12-18 months

Loan Term: 9-12 months (per property)

Amort: Interest Only

No Prepayment Penalty

Revolving and Non-Revolving Options

Recourse and Non-Recourse Options

 

 

Purpose    

Acquisition Financing

 

 

Collateral

Single Family Residence

Townhomes

Duplex

Triplex

Quadruplex

Multifamily (5-20 Units)

 

 

*Up to 75% LTV or 85% LTC - the lesser of the approved LTC and LTV ratios