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Profit Sharing
Our 20/30/40
Semi-experienced
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).
1-90 days, 20% of Net profits (lender receives).
91-180 days 30% of Net profits
181-270 days 40% of Net profits
Lender to net a minimum of 20% of the profits, or typically around $4000, 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
Your potential land purchase should have the following (when submitted)
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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.
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Future sales price/market value.
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The transaction must go through a licensed title company and/or attorney. Must have clear title.
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We will need to verify that the property has access (ingress & egress)
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Doesn't need utilities unless it is a buildable lot.
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Property can be anywhere in the United States but is subject to our approval of the property and our evaluation.
Ths figures are approxiate and are subject to change or withdrawal
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