PRIVATE EQUITY FUNDING FOR REFINANCE FIX & FLIP OR BUY & HOLD
Invest in the Sweet Spot in Today's Market!
1. PROPERTY TYPE
Residential 1-4 Units Non-Owner Occupied
2. SALE PRICE
Ultimate loan amount does not exceed FHA maximum.
3. SIZE OF HOUSE
2,800 sq. ft. Maximum
4. PROPERTY FEATURES
5 Bedrooms / 3 Bathrooms Maximum
5. SIZE OF PROPERTY
1/2 acre maximum
• Higher credit scores (680+) and a down payment of 20% or more may trump 3, 4 and 5.
If you happen to be looking to refinance or take out equity on your rental, we can help you with that. We also have a funding program for buying rental properties to help you build your rental portfolio. If the rental property fits in our funding matrix there is no limit to how many rental properties, you can acquire and purchase with this program.
If you need more information, please contact me Jesse Arquero at 512-686-6847, 512- 943-1177 or email: jesse@meghacapital.com.
LONG-TERM RENTAL LOAN GUIDELINES
INVESTOR ADVANTAGES: Approval based on the Property Cashflow and not your tax returns.
INTEREST RATE: Starts As Low As 7.5%
ORIGINATION POINTS: Starts As Low As 2.99%
NO EXPERIENCE REQUIRED
AS YOU GROW, WE CUSTOMIZE YOUR EXPERIENCE
Loan Amount: Up To 2 million (up to 75% LTV)
Min. FICO Score: 660
Cross-Collateral allowed on 2 or more properties. Portfolio loans available on a case-by-case basis.
FIX AND FLIP
Our fix and flip financing options are perfect for seasoned investors and beginners alike.
Our fix and flip loans are specifically designed to provide financing for real estate investors who are purchasing properties with the intention of renovating and then selling them for a profit. These loans offer short-term financing with flexible terms, allowing investors to quickly acquire and renovate properties without lengthy approval processes associated with traditional mortgages.
In addition to financing the purchase of the property, our fix and flip loans cover 100% of the renovation costs, enabling investors to complete their projects without relying on additional funding sources.
SHORT TERM, FIX-AND-FLIP LOAN GUIDELINES
| THE NUMBERS | TIER A | TIER B | TIER C |
|---|---|---|---|
| % Of Purchase | 90 | 90 | 90 |
| % Of Rehab | 100 | 100 | 100 |
| % Of Max ARV | 75 | 70 | 65 |
| % Of Max LTC | 90 | 90 | 90 |
| Experience | 2 Deals/2 Yrs. | 2 Deals/2 Yrs. | 1st Timers Okay |
| Credit Score | 720+ | 660–719 | No Minimum |
| Cashout | 65% – no max (6 mo. seasoning) | 60% – 150K max (6 mo. seasoning) | 50% – 75K max (6 mo. seasoning) |
| App Fee | $197 | $197 | $197 |
| FHA Cap | Loan Amount | Loan Amount | ARV |
| Baseline Inspection | No | No | Yes |
| Tax Returns | No | No | Yes |
| Well/Septic | No | No | Yes |
| Impound Next Year Taxes | No | No | Yes |
You may use your free & clear properties as cross-collateral or used for a cash-out refinance. That is a great strategy! If you have properties that are completely paid for with no liens against them, we can do a cash-out refinance to provide funds for other non-owner-occupied investments. You can also use them as cross-collateral for your real estate investing. We use both your subject property and your free and clear property as security for the loan. In doing that, we can lend up to 65% of the as-is combined value of the two properties. That is often enough to purchase your subject property and rehab it. If you have free and clear properties, mention that and leverage it on your next deal!
FEATURES OF PRIVATE EQUITY FUNDS
Get Your Loan Faster
Lenders Look at The Deal, Not You
Deals Funded When Banks Say No
More Flexible Lending Criteria
For most transactions we will lend up to 90% of the purchase price or 65% of the as-is or after-repair appraised value, whichever is less.
If you provide more than one property as security (as described above in regard to cross-collateral) we can provide 100% financing.
COMMERCIAL LOAN PROGRAM
The flexible, commercial mortgage solution for today’s real estate investor
Commercial real estate loans may be used to finance various types of commercial properties, including office buildings, retail spaces, industrial properties, multifamily buildings, and more.
Commercial loan rates can vary depending on factors such as the property’s value and condition, the loan-to-value ratio, and market conditions. We offer commercial loans ranging from small to large amounts, depending on the specific needs of the borrower and the scope of the project.
KEY FEATURES
Loan amounts up to 7.5MM
Up to 85% LTV
Nationwide financing
First-time investors in commercial are welcome
Min. FICO 660
Great for qualifying self-employed investors and small business owners
PROPERTY TYPES
Apartment Complexes
Multi-family
Mixed use (Residential in nature)
And more...
Contact: Jesse Arquero
Email: jesse@meghacapital.com
Phone: 512 934 1177