Three Year Mini Perm

This product is not designed for products that require rehabilitation (our fix-and-flip loan is designed for those types of properties), but rather, is for properties that are rehabbed and are already rented, or will be rented.Three Year Mini Perm

1.  Up to 70% of the "as is" appraised value
2.  Three year term, no pre-payment penalty
3.  12% interest rate paid monthly, in arrears
4.  4.5 points
5.  Closing fees - $1,000
6.  Appraisal may be required

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