(240) 474-9774
Residential Loan Program*
A hard money loan intended for new and experienced real estate investors seeking funding for fix and flip, short and long term for Residential properties nationwide
Benefits for Borrower*
QUALIFICATION
• 620 Minimum FICO Score
• Cash Reserves
• Down Payment
• Closing Cost
• No Derogatory Public Records in the Past 2 Years
LOAN TERMS
12 Month Term 24 Month Term
• No Pre-Payment Penalty • No Pre-Payment Penalty
• Interest Only Loan • Interest Only Loan
• 6-Month Extension Available @ 1% fee •12-month Extension Available
30 Year Term
• 30-Year Fixed; 5 or 10-Year Interest-Only
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Prepayment Penalty: 0-5 years, shorter prepay periods will have higher rates
REQUIRED DOCUMENTATION
• Loan Application
• 1 Month of Bank Statements
• Corporate Documents
MAX LEVERAGE (12 MONTH TERM)
Purchase Price: Up to 85% of the Purchase Price + 100% of Renovation Costs
After Repair Value: Not to Exceed 70%, capped at 90% total loan to cost
Rates: Starting at 10.49% (Subject to change)
MAX LEVERAGE (30 YEARS TERM)
Purchase Price: Purchase: Up to 80% of purchase price (700+ score)
* The information is subject to change
ELIGIBLE PROPERTIES
• 1-4 Family Real Estate
• Condos
• Townhomes
PRICING
• 12 Months Term - $50K - $3M
• 24 Months Term - $50K - $7.5M
• 30 Year Term - $75K - $2M
FEES
• $25 Credit Check
• Cost of an Appraisal
• Points at Closing
• $995 Legal Fee at Closing
MAX LEVERAGE (24 MONTH TERM)
Purchase Price: The lesser of Up to 75% of the As-Is Value or Up to 75% Loan-to-Cost
Quick Close
Close in 2 to 3 weeks or in as little as 10 days on repeat business.
Easy
Low documentation and simple application process.
Transparent
All fees and payments clearly disclosed.
* This is not a commitment to lend. All offers of credit are subject to approval. Restrictions may apply. Smart Real Estate Solution reserves the right to amend rates and guidelines. The above statements are not and shall not, under any circumstances, be construed as a commitment on the part of Smart Real Estate Solution to provide any financing. SMART REAL ESTATE SOLUTION SHALL BE UNDER NO OBLIGATION TO FUND ANY LOAN TO ANY BORROWER UNLESS AND UNTIL IT IS SATISFIED, IN ITS SOLE AND ABSOLUTE DISCRETION, WITH ITS DUE DILIGENCE REVIEW AND FORMAL LOAN DOCUMENTS PREPARED BY ITS COUNSEL.