FOR THE FIX & FLIPPERS, FOR GROUND UP CONSTRUCTION, PURCHASE & HOLD (OR RENT) WE OFFER VERY AGGRESSIVE AND FAST FINANCING.
1. 90% PURCHASE AND 100% REHAB - EXPERIENCED ONLY
Must have 10 closings last 36 months (KEEP READING) - This can include rental properties that you Purchased 3 years ago and still have. Plus, any Fix and Flips you opened and closed last 3 years. In all States (case by case depending on transaction itself
2. 90% PURCHASE AND REHAB - FIRST TIME OR EXPERIENCED FLIPPERS
First time flippers with 685+ fico scores (Case by Case down to 620). Experienced flippers with 1 completed flip (minimum) last 24 months. Fico scores down to 620.
3. REHAB AND HOLD FOR RENTAL DON'T WANT TO FLIP? WANT TO HOLD AS A RENTAL? Up to 75% cash out with refi. Minimum fico 660. 30 yr. fixed
NOTE: all properties must be in a metropolitan or populous area. No rural areas.
4. GROUND UP CONSTRUCTION OR SINGLE LOT CONSTRUCTION - prefer at least one completed ground up. Or, prior fix & flip experience (last 24 months) and/or rental property ownership. In 42 States. Same credit requirements as #2 above.
5. NO INCOME VERIFICATION LOANS FOR YOUR RENTAL PROPERTIES - for challenged credit owners. Must own the property you live in. Cash Out OK. Must be in a metropolitan or populated area. No Rural properties. Very streamlined. In 30 States.
6. OWN 5+ UNITS OR MIXED USE - Same guidelines as #5.
CALL LARRY IZENBERG AT CENTEX FUNDING.
LICENSED OVER 31 YEARS. NEVER A COMPLAINT. 818-536-4900
do NOT contact me with unsolicited services or offers