Truck Financing
Quick Real-Estate Secured Loans
Compound Profit announces our “quick-closing” rehabilitation loans tailored for the real estate investor, and useful for the distressed property owner who must make repairs before sale of the property. Using the property as collateral, these funds are available for the short-term residential renovation projects that traditional banks and credit unions won’t approve. Authorized monies will be held in escrow and released in draws as your contractors complete the renovations. We will provide “proof of funds” letters, and there is no prepayment penalty. Apply for our award-winning financing, and you’ll be “fix-n-sell” capable within days.
Loan Specifications, Requirements and Features:
Property Type:
Residential 1-4 Family, non-owner occupied. Small apartment and condo conversions on a case-by-case basis.
Lien Position:
First mortgage only
Loan Term:
6 Months
Advance Rate:
Options up to 100% of project costs.
Minimum Loan Amount:
$25,000
LTV:
Up to 65% of After-Repaired Value.
Guarantee:
Personal guarantee required; close in name of business entity.
Quick Funding:
Once a borrower has been approved, funding of individual transactions is quick.

* Points minimum $2500. Terms subject to our standard underwriting criteria and due diligence and subject to change. Contingency reserves may be used for first 6 months of interest payments.
© Copyright 2011, All Rights Reserved.
Truck Financing