Strategic Equity Solutions | RESIDENTIAL LENDING SERVICES
13609
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RESIDENTIAL LENDING SERVICES

RESIDENTIAL REHAB LENDING PROGRAM

Strategic Equity Solutions is a full service mortgage brokerage that facilitates loans to RE investors with consistent capital to purchase and rehab investment properties (1-4 family homes and condo units). This program is targeted at experienced RE operators seeking to dramatically expand their operations by collaborating with a dependable financing partner. SES’s high leverage rates and streamlined 2 doc loan submission coupled with accelerated closings has led to SES being the go-to lender for the informed investor. With over $60 million to lend, and quick , easy communication between our team and clients, SES is quickly emerging as NJ’s fasted growing hard money lender.

TYPICAL TRANSACTION TERMS

Loan Type1st position mortgage loans
Loan Amount$100,000 - $2,000,000
Maximum Term12 months with discretionary extensions
Amortization Interest only
Interest Rate 10%-12% Fixed
Total Rehab Budget/Purchase Price<=50% preferred
>50% considered on case by case basis
Loan to Cost Up to 90% of purchase price
Up to 100% of rehab cost
Loan/Appraised After-Repair ValueUp to 65% of the After-Repair value
Borrower Credit Score 620 minimum
<620 considered case by case
Fees 2 Points Origination
$400 Appraisal
$1000 Legal
$200 Per Construction Inspection
OtherNo prepayment penalty
Minimum interest
No loan cap

TYPICAL LENDING PROCESS

Day 1

Documents Submitted/Appraisal Ordered

Day 7

Closing Scheduled/Lender Title Ordered

Day 5

Appraisal Report Completed

Day 8

Legal Review

Day 6

Underwriting Approved

Day 9

Closing