90% leverge for flips

Submitted by Stone Financial Group from CA - 06/14/2011 - 3:19pm

Summary of Terms

Column one is the 1st lien position term sheet, if asset qualifies ( 20% discount ) and receives financing for the first they have a option to receive a 2nd for 10% for the terms in column 2 . You do not have to take the 2nd.

1st Trust Deed 1st lien position

80% of Acquisition; Not to exceed 60% of ARV

12.99%

6 Months, 3 month extension option

None to Borrower

None

2% of Loan Amount

$1,000

Optional

Summary of Terms 2nd lien position

2nd Trust Deed

10% of Acquisition

14.99% - 15.99%

5 Months

Requires a Personal Guarantee/Substitution of Collateral

None

2% - 3% of Loan Amount

$495

Optional

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