Residential Investment Loans
Financing from $50,000 to $10,000,000
Programs for Fix and Flip (Rehabilitation) and Buy and Hold (Rental Properties)
We can lend on non-owner occupied residential
properties with 1-4 units
No minimum credit score required and
LTV up to 80% available
Rehab Loans Program: listed below are some of our criteria and information we require for approval of a rehab loan.
As part of the rehab loan process, we require:
PROPERTY TYPE: Residential, non-owner occupied 1-4 family residential investment properties located within our lending area - ( Call us for lending location)
LIEN POSITIONS First mortgage only
STANDARD TERM 6-12 months
REHAB FUNDS We lend 100% of the repair funds and 100% of the purchase price, up to 65% of the After Repair Value.
RELEASE OF REHAB FUNDS Rehab funds are usually paid in one to three draws after verification of repairs, and mailed to you or wired directly to your account.
POINTS Paid at closing
CLOSING COSTS Paid at closing
GUARANTEE Personal guarantee required
REQUIRED DOCUMENTS Completed Rehab Financial Group loan application & supporting documents, including, but not limited to: (i) Two years of federal tax returns (both personal & business) (ii) Three to six months most recent consecutive bank statements (both perso
LOAN DOCUMENTATION Purchase Agreement Detailed Repair List itemizing cost Builders Risk or Liability Insurance prepaid for term of loan Inspection Report verifying work to be done and cost (obtained by RFG) “As-Is” and “After-Repair” value Ap
QUICK CLOSINGS Once a borrower has been approved, closings can be held within a few days of receipt of appraisal and inspection reports along with proof of payment.
Loans range from $25,000 to $1 million (minimum property value of $75,000)
Credit rating from A0 through A5 (see Credit Grade below)
Property types financed include apartment buildings, mixed use, retail buildings, office buildings, warehouses, auto repair shops, day care businesses, hotels, motels, office buildings (See Property Types below)
Nork Capital and Lending Partners has the capacity to help with unusual loans and circumstances
Many of the businesses that we work with have found that traditional banks will not underwrite small balance loans or loans to support building purchase, renovations, debt consolidation or some other commercial mortgage application. Many self-employed building owners find that banks just don’t understand them, Nork Capital Trading does!
Financing from $50,000 to $50,000,000
Terms up to 30 Years for Owner and Non-owner Occupied properties
All Property Types
(Office, Retail, Warehouse, and more)
Purchase property, refinance your existing mortgage, or obtain a cash-out mortgage.
Copyright © 2017 nork capital trading. All rights reserved Office Locations: Miami, Texas, Atlanta, New York & Puerto Rico
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Nork Capital Trading Llc
2550 NW 72nd ave STE 113
Miami, Florida 33122
FAX: (305) 434-8329
Monday-Friday: 9am to 6pm
SAT 9am to 2pm