A terrific package for investors who rehab & resale properties instantly! Specifically planned for residential real estate purchases, this loan package provides Interest-Only Payments for a 12-month term. A balloon payment becomes due at maturity (a minimum period of 4 months interest payments).
This package allows you to buy & hold your asset, fix & flip it or retain it while still being eligible for a conventional loan during this same time period. Also, it features Interest-Only Payments for a longer term of 24 months, this loan package has a balloon payment due at the end of the term, with a minimum period of 12 months interest payments.
A fantastic funding option for investors who seek capital for a longer time frame. Or that may wish to apply a buy & hold strategy while waiting for the right time to exit by obtaining more traditional mortgage financing. Ultimately, the difference between these funding options is that this package has Interest-Only Payments for a longer term of 48 months, with a balloon payment due at the end of the loan term (with a minimum period of 24 months interest payments).