Buyer/borrower can finance up to 100% of the purchase, including closing costs. When the subject property is sold, the lender receives the share below (of the profits). This is for skilled investors (investors who have done  over 4-6 deals). 

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1-120         days, 20% of Net profits (lender receives). 

120-240     days 30% of Net profits  

240-360     days 40% of Net profits

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Lender to net a minimum of 20% of the profits or $3000, the greater of the two. 

 

Net profit Definition: 

Gross sales price less commissions, closing and escrow fees - acquisition price - buying closing costs & holding costs (property taxes, HOA due’s, utility fees, etc.) = Net Profits

 

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Your potential land purchase should have the following (when submitted)

• Current Purchase price (we typically finance about 50%-55% of market value (you should aim to sell the property in 90 days or less). So if you get a good deal, we finance the entire purchase. 

• Future sales price/market value.

• The transaction must go through a licensed title company and/or attorney. Must have clear title.

• We will need to verify that the property has access (ingress & egress) 

• Doesn't need utilities unless it is a buildable lot. 

• Property can be anywhere in the United States but is subject to our approval of the property and our evaluation.