Hard Money / Renovation
Invest in Hard Money / Renovations with Lantrip Developments.
Subject to Rehab Loans
- Non-owner occupied investment properties located in the United States.
- Max 75% LTV of the After Repaired Value (ARV), max 90% of purchase and rehab (total cost).
- Min 10% of total cost required from borrower as down payment.
- Full appraisal, and home inspection including renovation costs and survey required.
- Renovation money is escrowed for every loan.
- Only first-position liens.
- No second mortgage allowed.
- Clear and marketable title required.
- Properties are titled in corporate name.
- Interest only monthly payments.
- No pre-payment penalty.
- Corp docs and operating agreement required.
AS-IS Investment Loans
- Non-owner occupied investment properties located in the United States.
- Full appraisal, home inspection and survey required.
- Only first-position liens.
- No second mortgage allowed.
- Clear and marketable title required.
- Properties are titled in corporate name.
- Interest only monthly payments.
- No pre-payment penalty.
- Corp docs and operating agreement required.
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