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NY: (212) 564-1257
MIAMI: (305) 961-1177
City Commercial Mortgage

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City Commercial Mortgage

NY: (212) 564-1257
MIAMI: (305) 961-1177

FIX & FLIP AND NEW CONSTRUCTION FINANCING

WITH INDUSTRY-LEADING RATES


One of the nation's largest and most trusted lenders is now offering short-term financing for residential real estate investors.


Fix & Flip Line of Credit*

  • Rates as low as 6.99%
  • Lines of credit up to $100MM
  • Funding up to: 90% of purchase price, 95% of rehab

Fix & Flip Single Loan*

  • Loans $50K - $3MM
  • No pre-payment penalties (3 months minimum interest)
  • Funding up to: 85% of purchase price, 90% of rehab

Vincent Schimmenti

Mortgage Advisor
NMLS-1048057
NYC: 212-564-1257
MIA: 305-961-1177


Financing up to 90% of construction costs for new construction!*


FINANCING FOR REAL ESTATE INVESTORS

FIX & FLIP LINE OF CREDIT FIX & FLIP SINGLE LOAN NEW CONSTRUCTION

Description

Exposure line up to $100MM for experienced investors (1+ completed flip in the past 2 years)

Single property loans for novice or experienced investors

Ground-up construction for developers and investors

Loan Size

$50K - $3MM

$75K - $3MM

Term & Amortization

9 months, with an option for 3 months extension

Acquisition Financing

Funding up to 90% of purchase price

Funding up to 85% of purchase price

Funding up to 75% of land value**

Rehab Financing

Up to 95% of rehab costs, max 75% of ARV

Up to 90% of rehab costs, max 75% of ARV

Up to 90% of construction costs, max 75% ARV

Pre-Pay Penalty / Minimum Interest Charge

No Pre-Payment Penalty
3 Months Minimum Interest

Borrower

Individual, LLC, or Corporation

Credit

600+

620+

620+

Property Types

Non-Owner Occupied: Single family residences, 2-4 family units, Condos, Townhomes, Multi-family properties up to 30 units, and Ground-up construction

Broker featured in this advertisement is not employed by Finance of America commercial LLC, and their affiliation with Finance of America Commercial LLc is limited exclusively to the commercial loan products they can offer through their broker relationship with Finance of America Commercial LLC.

* Loans are subject to investor and business credit approval, appraisal and geographic location of the property and other underwriting criteria. Loan amounts and rates may vary depending upon loan type, LTV, verification of application information and other risk-based factors. Application fees, closing costs, and other fees may apply. **Land must be already improved/developed for use(ie., ready for utilities and plumbing.) REV. 4.11.2017