NC, 2-4 Family, Purchase, $700K, 660 FICO, 75% LTV
Posted on 4/1/2017 7:40:31 AM
Seeking 70-75% LTV I/O mortgage financing for purchase by Family Trust LLC of developer model homes located in NC vacation area. $925,000 combined appraised value. 660 FICO of principal. No defaults, no late payments. Appraisal 60 days old. Seeking bridge to perm financing in 18-24 months. Will be converting to perm with "gift of equity" from Family Trust to family members conforming financing upon completion of 2017 tax returns/income verification. Hard Money, front and back points all ok. Quick close is required.