A RELOC Is a Funding Solution Ideal For Investors In Need of Working Capital or Down Payment Assistance
Real Estate Line of Credit Overview
A short-term financing option that comes in the form of physical credit cards. This funding solution is ideal for start-ups and novice investors in need of working capital or down payment assistance. Uses can include but are not limited to debt transfer, marketing campaigns, inventory purchases, and reserves. The cards may also be converted into cash for real estate investing, or other business ventures requiring cash-only payments or deposits.
Interest rates as low as 6.99%--interest-only payments (if balance is not carried, no interest accrues)
3 origination points due at close on each property purchased
Once approved, use line to purchase unlimited properties over next 12mo, no credit pulls or financial reviews.
The line will finance 90% of the purchase price and 90% of rehab cost on properties with a maximum loan amount up to 70% of LTV (stronger credit and more experience can get higher LTV and % of rehab financing)
All business owners must have strong credit (680+)
Must have sold at least 1 property over past 24mo and/or holds at least 1 rental property