HBS Finance offers short term, interim, fix and flip financing with flexible terms designed to fit the unique needs of investors who are purchasing distressed properties; foreclosures, short sales and real-estate-owned (REOs) or bank-owned.
The amount or size of the loan and loan term are determined based on quality of the property, location of the property and credit worthiness of the borrower. Even though the borrower’s credit is considered but it is not the most important factor; typically, the loan qualification is based mostly on the collateral value.
Highlights of Program
– From 8.99% depending upon the Collateral and Loan Structure
– LTV up to 65%
– Loan Terms up to 12 months
– Reserves 50% of rehab costs and 6 months payments
– All rehab work must be fully completed within 90 days of funding
Investor Rehab Loans
Fix n’ Flip Specialists
– Loan Amounts up to $750,000
– Loan to Purchase up to 70%
– 6 Month+ Loan Term
– Full, Alt and Stated Income
– 1 Month Asset Verification
– 1st Trust Deeds Only
– Non Owner Occupied
– No Prepayment Penalty
– California Only