Get 24 hour Pre-Approval for financing on any rehab property at www.RehabMoneySource.com.
100% financing is available for your next rehab project with a quick close. Bad credit or no credit ok! Equity based loan approved up to 65-70% of market value. Rates as low as 13.88% SIMPLE INTEREST. Get pre-approved today!!

Wesley,

I don't understand. Is it 100% financing or 65-70%?? I can't tell as you state 100% and then next sentence 45-70%? Do you work with mortgage brokers?

The financing is for 65-70% of the after repair value of the property. The propgrams are only available for single home residences and not provided in all states, so check to see if it is available in your area at www.rehabmoneysource.com.

Real Estate Finance Pro,
Wesley is a hard money lender. Hard money lending is a completely different animal than the conforming style financing that you and I do for real estate investments.

The trick to getting the 100% financing is to buy the property well enough below the ARV. For example if the arv is $100k, you can get a loan for $70k. If you can get the house under contract for no more than $70k, you get the 100% financing. For hard money, the LTV limit is based on the $100k, and not the $70k. There's no FNMA rule for taking the lesser of the appraised value or contract sales price.

Damon DiPlacido
Wachovia Mortgage
damon.diplacido@wachovia.com

As the Charleston/Low Country (SC)Managing Partner for the San Jose Investment Corporation of America (www.sanjoseinvestment.com) I would just like to clarify the need for, and purpose of
PRIVATE short-term real etate investment funding.

We enable realtors and mortgage LOs to CLOSE time-sensitive transactions for their real estate investor clients WITHIN 5-10 business days.

When your client is negotiating with a pre-foreclosure, or otherwise "distressed" seller there might be a very short "time-fuse" involved
which is beyond the capabilities of conventional lenders and most banks.

In FL, GA, SC and NC our Managing Partners have assembled a team of "fast-response" panel appraisers and LOCAL Closing Attorneys who work directly with our underwriters to process, Close and fund YOUR client on a fast-track basis.

Residential real estate investors regard the cost factors involved in our ability to FUND deals fast as being much lower than the cost of a LOST opportunity!

Realtors are thus able to maintain a positive and continuing relationship with their investing client as are mortgage LOs who have now secured "breathing space" with which to set-up conventional mortgage financing for those clients who wish to retain their properties for rental income following rehab completion.

Our 90-day "Quick Flip" Program is 13.75% + 4-Points for folks with Mid-FICOS of 650+ Min loan $50K and max loan is $250K. Loan amounts based on up to 75% of AFTER REPAIRED VALUE. In most cases, borrowers are bringing very little, if any cash to the closing table!

We offer other Purchase/Rehab Programs on terms of 1 - 12 months and even a "Jumbo" Rehab up to $1,000,000 plus an investor/builder construction loan for "spec" or pre-sold new construction.

In addition we offer a streamlined applicant pre-approval process requiring a minimum amount of docs.

We want to become a part of your team in order to help you CLOSE more transactions!