Duke Allen & Co. Loan Options.
FIX-AND-FLIP /
BRIDGE
Up to 100% LTC including purchase price + rehab
Up to 70% LTARV
9.99% - 15% interest with appraisal
2 - 4 points
$995 average underwriting fee
No experience required for funding
No minimum credit requirement to qualify for funding
RENTAL LOANS DSCR LONG-TERM PURCHASE /
CASH-OUT REFINANCE
Up to 75% LTV for refinances and 80% LTV for purchases
7.75%+ interest
2-4 points
15-30 year fixed rate
5/7/10 year adjustable rate
Amortized over 30 years
Appraisal or BPO required
Non-recourse Loan
Portfolio loans available
TRANSACTIONAL FUNDING
We offer transactional funding to purchase and sell a property during the same day. The A-B transaction we lend on must be contingent on funding of the B-C transaction. Both must be verified by the title company or closing attorney and must occur within 24 hours of each other.
There is an average fee of 1% of the loan amount, but this may vary based on the size of the loan.
NEW CONSTRUCTION
Up to 18 Month Term
Loan Size minimum of $200,000
Loan to Value up to 65%
Loan to Cost up to 85%
9.99% - 15% interest with appraisal
2 - 4 points
$995 average underwriting fee
No experience required for funding
No minimum credit requirement to qualify for funding