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Rehab Loan
Fix and Flip
Program #LG656

JCAP Private Lending

Summary of all Guidelines

Loan Types Rehab Loan
Property Types 2-4 Units, Multi Family, SFR
Lendding Area NATIONWIDE
Loan amount Minimum $300,000
Loan amount Maximum $5,000,000
Interest Rate Minimum 11%
Interest Rate Maximum 14%
Points Minimum 1st TD 1
Points Maximum 1st TD 4
Terms 1 year
Credit Score Min 650
Interest Only or Amortized Interest Only
Fees Underwriting
Extensions Available Considered based on Performance
Lien Position 1st, 2nd
Max Points Charge by Broker 5
Prepayment Penalty No Prepayment Penalty
Intended Occupancy Owner Occupied Business Purpose, Tenant, Vacant

email jevon@jcap.net with scenarios. Here's generally what we do :)

Geographic Location:

CA, UT, CO, AZ and HI

General Loans info:

$100k to $5MM loan sizes (1sts)

3-12 month short term notes

Interest Only payments.

No prepayment penalty

Rates: 1st at 10.875%

No Min FICO

Cash out up to 65% LTV(1st)

Purchase up to 70% LTV

Property Types

1 - 4 unit residential

Loans Products:

Bridge 1st: 10.875% - 12.5%, and 1.5 points (min origination $4k) plus broker(s).

Loans limits: $100k to $2.5M loans. $2.5M to $5M with exception.

Rehab loans:

10.875% - 12.5% new first with holdback, 1.5 points plus broker

Up to 80% of the costs (purchase price/value + costs spent + budget to finish),

No greater than 65% of ARV

Rehab loans (Additional Info):

Renovation budget to finish project:

After repair value ARV:

Cash reserves (liquid cash they have now):

Experience: How many like projects completed in the last 3 years (or ever):

If mid-construction refi (started but couldn't finish), what is the dollar amount of finished work so far:

Submit your scenario:

What's the address of the subject property?

Type of property:

Purchase price and date purchased:

As-is value:

Current loan amounts on the property:

Loans amount needed:

If cash out, what is the cash out being used for?

Credit score:

Exit / How will they pay us off ?

Any tax liens or judgements, if so how much? (They'll have to be paid through closing.)

Own other properties we can cross to make the deal work? If so, need addresses and debt.

These descriptions are limited information and meant for general reference purposes.