RATE SHEET


FIX & FLIP


Financing: Up to 100% of Purchase Price & Rehab Cost

LTARV: Up to 75%

Origination Fee: 5%

Interest Rate: 12%

Term: 6 months

Prepayment Penalty: None

Minimum Loan Amount: None

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TRANSACTIONAL FUNDING


Financing: Up to 100% of Purchase Price

LTV: Up to 80%

Origination Fee: 1% per month

Interest Rate: 12%

Term: 30 or 60 days

Prepayment Penalty: None

Minimum Loan Amount: None

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Ground Up Construction


Financing: Up to 100% of Purchase Price & Construction Costs

LTARV: Up to 75%

Origination Fee: 6%

Application Fee: $100

Interest Rate: 12%

4% for unused Construction Funds

Term: 9 months - extensions available up to 15 months max

Prepayment Penalty: None

*Credit & Background Check Required

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Bridge Loans


Financing: Up to 100% of Purchase Price & Rehab Cost

LTARV: Up to 75%

Origination Fee: 5%

Interest Rate: 12%

Term: 6 months

Prepayment Penalty: None

Minimum Loan Amount: None

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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

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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

APPLY HERE

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