LOANS
FIX &
FLIP
Financing: Up to 100% of Purchase Price & Rehab Cost
LTARV: Up to 75%
Origination Fee: 5%
Interest Rate: Starting at 12%
Term: 6 months (up to 9 months for loans over $250k)
Prepayment Penalty: None
Minimum Loan Amount: None
BRIDGE
LOANS
Financing: Up to 100% of Purchase Price & Rehab Cost
LTARV: Up to 75%
Origination Fee: 5%
Interest Rate: Starting at 12%
Term: 6 months (up to 9 months for loans over $250k)
Prepayment Penalty: None
Minimum Loan Amount: None
TRANSACTIONAL FUNDING
Financing: Up to 100% of Purchase Price
LTARV: Up to 80%
Origination Fee: 1% per month
Interest Rate: Starting at 12%
Term: 30 or 60 days
Prepayment Penalty: None
Minimum Loan Amount: None
GROUND UP CONSTRUCTION
Financing: Up to 100% of Purchase Price & Construction Costs
LTARV: Up to 75%
Origination Fee: 6%
Interest Rate: Starting at 12%
4% for unused Construction Funds
Term: 9 months – extensions available up to 15 months max
Prepayment Penalty: None
*Credit & Background Check Required
REFINANCE
Financing: Up to 100% of Purchase Price
LTV: Up to 75%
Origination Fee: 2%
Term: 20 year AM, 5-year balloon
Prepayment Penalty: None
Restriction: Available only to those with an active short-term loan with CoreLend Financial
No Seasoning Period Required
Rate Buy-Down and Annual Rate Reset Options Available
1.1 DSCR
BUY & HOLD
Financing: Up to 100% of Purchase Price
LTV: Up to 75%
Origination Fee: 4%
Term: 20 year AM, 5-year balloon
Prepayment Penalty: None
*Credit & Background Check Required
No Seasoning Period Required
Rate Buy-Down and Annual Rate Reset Options Available
1.1 DSCR
TYPICAL DEALS
Mount Moriah, Memphis, TN 38117
Loan Type – Fix & Flip
Acquired $90,000 – June 2019
Sold $172,500 – December 2019
Funded $96,000
$90,000 purchase
$34,500 rehab
Amherst, Millington, TN 38053
Loan Type – Fix & Flip
Acquired $67,000 - February 2021
Sold $185,000 – June 2021
Funded $96,000
$67,000 purchase
$29,000 rehab
Madewell, Memphis, TN 38127
Loan Type – Bridge
Acquired $115,000 – October 2020
Refinanced & Paid Off – April 2021
Funded $143,500
$115,000 purchase
$28,500 rehab
Birchtree, Germantown, TN 38138
Loan Type – Transactional
Acquired $240,000 August 2020
Sold $250,000 September 2020
Funded $206,250 purchase
CoreLend Financial
NMLS #1818623
4435 Summer Avenue
Memphis TN, 38122
(901) 350-0685