|
Mortgage and Lending |
RAINER 13,398 |
| CHRIS MARTIN JR. | ||
| Hard Money, Fix and Flip, Distressed property | ||
| location_on La Jolla, CA — Chris Martin Jr. Hard Money | ||
| web Fix and Flip Loans | ||
Hard Money Broker
Jan 1998 – Present
FREE expert advice 858-999-6955
CHRIS MARTIN JR. LLC is a discount Hard Money Broker, specializing in FIX AND FLIP, distressed properties and small (<$5M) commercial bridge loans.
Since 1998 we have managed more than 15,000 transactions in closing loans with more than 300 different lenders, for nearly $3B in total funding.
Currently we are processing requests in Metro areas. All types of US based investment purpose real estate will be considered.
Business purpose, Non owner / no owner user properties only. All loans made to Entities.
For a Fast Quote, Please submit a brief Request and Summary and Include transaction details- purchase or refinance, type of property, city, value, repair cost (if applicable) and after repair value to;
THANKS!
REAL ESTATE COLLATERAL BASED LOANS ONLY. BUSINESS PURPOSE ONLY. NO PERSONAL LOANS. NO OWNER OCCUPIED PROPERTIES. LOANS MADE TO ENTITIES.
See 2,300+ Endorsements and Recommendations on LinkedIn.
Hard Money
Ask me about SUPER-JUMBO Fix and Flip loans! Profit$$$ are impressive; $1,000,000+ on 1 flip. I specialize in complex Fix and Flip loans $1 - 5M. Purchase or refinance, major rehab or cosmetic. Good pricing, fast service. Virtually Unlimited funds available.
Recently closed: $3.158M in Orange County, $2.8M in Hollywood Hills ($1.9M rehab funds!), $1.410M in San Jose, $1.275M in Hermosa Beach, $1.173M in San Carlos, $1.044M in San Jose. In process; $1.9M in Woodside, $1.7M in San Diego...many more in process.
Check out my NEW! 'Fast-Flip Pro' loan program for Professional Flippers: This New program is specifically designed for premium service, better rates, and fast close times.
➢ Reliable: $5 million credit facility; one-time qualification
➢ Fast Close: Streamlined process allows us to close your loan in 5 business days
➢ Dedicated: You will have a dedicated Experience Manager available and on call
➢ Easy: To submit an application just send us an address, purchase agreement, and scope of work for the property
➢ Transparent: Final terms delivered within 1 business day of full submission
Premium Service:
- Dedicated team
- No arduous forms to complete
- Term sheet in 1 business day
- Close in 5 business days
Max Leverage:
- 90% of purchase price
- 75% of after repair value (ARV) w/ holdback
- 70% of after repair value (ARV) w/o holdback
- 100% of rehab costs (via holdback)
Interest Rates:
- 8.00% up to 75% LTV
- 8.25% between 75-80% LTV
- 8.75% between 80-85% LTV
- 9.50% between 85-90% LTV
Fees & Pricing:
- No application fee
- 2.50% origination points per loan
- $999 service fee at closing
Loan Terms:
- Purchase and refinance
- Minimum loan amount: $50,000
- Maximum loan amount: $1,000,000
- 12-month term with no prepayment penalty
- Personal guarantee required
- Refinances must be within 6 months of acquisition
Qualification:
- 10 completed flips in last 2 years
- No derogatory public records within the last 24 months
- No felony convictions within the last 7 years
- Liquid assets of at least $25,000
- Minimum FICO of 660
Eligible Borrowers:
- Corporations
- General Partnerships
- Limited Partnerships
- Limited Liability Companies
- Revocable Trusts
Eligible Properties:
- SFRs
- Condos
- 2-4plex
- PUDs
Required documentation:
- Signed credit authorization form
- Most recent bank statement
- Schedule of Real Estate Owned / List of Past Projects
- Signed spousal consent (if guarantor is married/separated and living in a community property state)
- Entity documents
- Voided check (for ACH)
Property documentation (required for each loan):
- Property Address
- Purchase price
- Requested loan amount (purchase and rehab)
- Scope of work
- Executed purchase and sale agreement
- Hazard insurance contact information
- Title insurance contact information
- Escrow / closing agent contact information
- Property access instructions
- Property Pictures -- Exterior pictures required; Interior pictures recommended
Prefered states: CA, CO, CT, FL, GA, IL, MD, MI, MO, OH, SC, TN, TX, VA, WV, SC, and WA. Pricing may be different in other states.
-Small commercial (<$5M) bridge loans for redevelopment
-CASH OUT loans
-Divorce, probate, partnership buyouts
