| As-is-value |
|
| Purchase Price |
|
| After Repair Value |
|
| Initial Loan Amount |
$96,000.00 |
| Estimated Repair Costs |
|
| Total Loan Amount |
$106,000.00 |
| Select approved Loan LTV |
|
| As-Is-Value % is |
64% |
| ARV percentage is |
53% |
| Note: (Total Hard Money Loan cannot exceed As-is-value!!!) |
|
| Important! As-is-value(AIV) nor after-repair-value (ARV) |
| ratios percentage Divided into total loan amount cannot exceed 75% |
| Example calculation (e.g.) |
| 1. Initial Loan Amount $90,000 (without repairs) Divided By As-is-value $130,000 = 69% |
| 2. Total Loan Amount $105,000 (with repairs) Divided By As-is-value $170,000 = 62% |
| Note: Although rehab costs are "rolled in" to create a “Total Loan Amount” both are not truly |
| one in the same loan they are in fact 2 separate loans. This is a 90% LTV e.g. only-all properties |
| must be approved to a certain LTV which is base upon State and property location. |
| Note: On one hand there’s a purchase loan, and on the other hand there’s a rehab loan |
| which is held into escrow which can be withdrawn in 3 draws for rehab (meaning |
| investor have to pocket the cash for repairs upfront - after each repair-inspection investor |
| receive a draw reimbursement in 3 segmented after repair approval until rehab completion). |
| So, no matter how you look at it you would need to cover 10% down for the purchase loan |
| portion, and you'd need to cover the rehab loan upfront for rehab before reimbursement. |
| Your Costs Breakdown: |
|
| Our Loan Fees |
|
| Our Loan Points |
$2,650.00 |
| ( Will not to exceed 2.5% of Total loan amount) |
| Estimated Closing Costs |
$2,120.00 |
| ( includes normal & customary Attorney/Title closing fees ) |
| Loan Down Payment |
$24,000.00 |
| (Down Payment is 100% - Selected Loan LTV% above) |
| Holdback Rehab Loan |
$10,000.00 |
| (Held in escrow-einbursed in 2-3 draws after each inspection approvals) |
| Total To Close The Deal |
$39,169.00 |
| (Get Preliminary Cost from selected closer) |
| Estimated Profit |
$34,831.00 |
| Up To 100% LTV Hard Money Private Loans! Some States DoNot Apply! |
| www.EZ-hardMoney.resqfirmllc.com |
| Copyright 2014 RESQ Firm LLC |