• Loans up to 65% or 80% After Repaired Value

• Closing in Two Weeks or Less

• No payments for six months*

• No prepayment penalties

• Flexible repayment plans*

• Simple Qualifications

• With Real Estate Investor Services hard money loans you can purchase a property quickly and easily, with the minimum amount of your money out of pocket.

• This will allow you flexibility and financial breathing room for you and your family while working on your properties!

• 65% to 80% Loan to After Repaired Value Our loans are based on the after repaired value (ARV) of your investment property.

• Loan can be 100% of the purchase price and 100% of the repair funds as long as the loan amount does not to exceed the ARV limitation.

• No Down Payment Required Our loans provide 100% of the purchase price.

• No Pre-payment Penalties  We don't penalize you for being efficient. You can payoff our mortgages at any time during the term without additional fees or penalties

• Fast Efficient Repairs Reimbursement. Repair funds go into an escrow account or line of credit. The repair funds are paid to the rehabber on a reimbursement basis. That is, the rehabber pays for materials and labor and presents these receipts and/or lien waivers as required. Appointments for inspections in order to receive payments must be made at least (3) days in advance. Copies of the receipts and/or lien waivers must be provided at the time of the reimbursement. Money can be wired directly to your bank account or a check by overnight courier.

• Two Week Closings We can close most loans in two weeks or less. Our processing is fast and efficient. (However it is advised that you allow at least 30 days to close on any purchase agreements.)

• No Shortage of Funds These loans are institutionally backed. We have no shortage of funds, therefore no funding delays.

• Investor Friendly Loan Term
  Maximum length of the loan: 9 to 12 months. This is a great feature for the investor that plans to hold the property for rental income after repair. Most lenders now require 12 months owner seasoning before they will refinance a property for more than the purchase price. Our loans (unlike some hard money lenders) can allow up to a full one-year term without any additional fees or penalties

• Closing costs and fees The average closing costs and fees for each loan will range between 8%-13% of the loan, depending on the amount of the loan. Seller's concessions/assists may be used to finance the closing costs, as long as the loan does not exceed the ARV limitattion.

• The property must be purchased for the sole purpose of renovating it and either selling it, or eventually refinancing it. This cannot be your primary place of residence.

 COMPARISON OF THE PROGRAMS

LTV	65%LTV	80%LTV
Payment Options	3 available	None
Closing Costs	9%- 13% of loan amount	8%-12% of loan amount
Interest Rate	1.25%-1.5% per month	Prime + 5%
Term	12 Months	9 Months
Prepayment Penalty	None	None
Spousal Guarantee	No	Yes
Cross Collateralization	No	Yes
Appraisal required	Yes	No
Minimum Credit Score	625	625

 

 Application Information Link

We can help you solve the money puzzle

28820 Southfield Rd

Suite 220

Lathrup Village, MI 48076

email: info@reiservices.net