MEGA INTERNATIONAL FINANCIAL SERVICES LTD
100% FIX & FLIP/RENT PREMIER FINANCING
Loans for 100% of the purchase price & rehab costs, up to 70% ARV
Competitive Rates • Super-Fast Funding
This Fix-to-Flip loan is perfect for the flipper who has a good/excellent credit score of 620+, and verifiable income/cash flow. The unique benefit of this product is you can get a loan for 100% of the purchase price and rehab costs, up to 70% of ARV, keeping as much cash in your pocket as possible! Most of our competitors do not offer 100% financing. It’s one of the most unique lending products around.
Loan Terms for Private Hard Money Loans/Rehab Loans
As your rehab lender and hard money lender, real estate investors and house flippers can concentrate on purchasing a property and avoid spending time worrying about how to fund them. This will allow you to purchase a property below market price and perform the necessary repairs to enhance the value and salability of the property.
We also offer transactional funding Nationwide. Let Mega International Financial be your funding source.
Our terms below will be based upon the characteristics of the borrower and the term of the loan. Our basic terms on private hard money loans/rehab loans include:
Repair Funds: Up to 100% of repair cost
Points: As low as 2.0 points (paid at closing)
Interest Only: As low as 9.99% interest (payable monthly)
Purchases: 100% of Purchase
LTV: Up to 70% (Based on After Repair Value) – On most loans we will fund 100% of the purchase and rehab costs up to 70% of the After Repair Value (ARV).
States: Colorado, Connecticut, Delaware, Florida, Georgia, Illinois, Indiana, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Missouri, New Hampshire, New Jersey, New York, North Carolina, Pennsylvania, Rhode Island, South Carolina, Tennessee, Virginia, West Virginia & Wisconsin.
Term: 4 month, 8 month & 12 month options* – You must sell or refinance the property to pay off the loan
Credit Score: 620 minimum – FICO scores below 620 will need a co-borrower or guarantor
Loan Size: $50,001 to $1,000,000 (1M)
Closing Costs: Additional closing costs are due at time of closing.
We’re Here to Help:
Call us today at 916-520-4233 to speak with a lending specialist and discuss how we can help you reach your goals. By leveraging private hard money loans/rehab loans from Mega International Financial, real estate investors and house flippers are able to move quickly when they find a good deal.
We are always looking for ways to develop long term, strong relationships with our clients and partners. Let us know how our rehab loans/hard money loans can help you!
FEATURES
Term: 4, 8 or 12-month loan
Interest: As low as 9.99%
Loan Amount: $50k – $1M
Points: As low as 2.0%
All cost paid outside of settlement
BENEFITS
Loan for 100% of purchase price and rehab funds, up to 70% of ARV
As low as 620 minimum FICO
No money down
Competitive rates
Interest-only payments
Financing delivered in 14 days or less
No prepayment penalty
Ground Up options available
Documentation Checklist:
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Completed Application (with releases)
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Last 2 years’ tax returns (both business and personal)
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Business entity documents that name the people authorized to sign for the entity
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Agreement of sale
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6 months most recent bank statements (business and personal)
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2 most recent pay stubs (if applicable)
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Copy of driver’s license
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Itemized list of repairs