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EQUITY LINE PROGRAM FOR REOs! |
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Category: Finance and Credit Total Views: 845 Member Comments: 0 |
Posted on: 05/13/2010 Posted by: levipreston Blog Points: 212 View all blogs >> |
Secured Revolving lines of credit are available:
• Double your business without a partner
• Funds available when the deed records
• Borrow, repay, and borrow again.
• Pay points just ONCE and turn your portfolio 2,3,4 times a year!
Financing available for: Single family residences, Condos, Apartments
Markets Served: CA, AZ, NV, UT, OR
TERMS:
Loan Amount: $1,000,000 to $10,000,000 (NO EXCEPTIONS!)
Loan Type: Secured Revolving line of credit
Interest Rate: 9% (CA only) 12% in all other states
Loan Fee: 4-5%
Month Payments: Interest only
Term: 12 months
Extension Option: two 6 month extensions available
Prepayment Penalty: None
LTV: 50-65% based on location and condition of property
Guarantees: Strength of guarantee impacts maximum advance.
Non-recourse available
Additional Properties: After the initial advance, additional houses
will be funded for a $250-$350 site inspection fee.
Funds are limited for this extraordinary program.
For More information or to submit a loan, go to our website or call us
directly.
Levi Preston | Principal | Sr. Advisor
JLJ Wealthbuilding Group, Inc.
Retail And Private Assets Division | Asset Management Team
PO BOX 717 | Meriden, CT 06450
E: jljlevi@live.com
www.linkedin.com/in/levipreston
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Category: Finance and Credit
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