Get Financed
We offer investment loans to real estate investors for the
purchase of distressed residential properties. We lend the
purchase price, closing costs, and the cost of repairs.
Borrower down payment is determined by the value of the
property and the extent of the repairs.
Loan Details
• 16.99% interest only payments
• 4 points origination
• 6 month term
Terms
• The Minimum Credit Score Required will be adjusted monthly
based on market refinance standards
• Appraisal, Survey, Termite and Inspection Fees of $999.00
are due upon loan submission. Loan applications will not be
reviewed or processed until payment is received.
• No Foreclosures on Credit Report
• No Bankruptcy (discharged or dismissed in the last 24
months)
• Up to two extensions of three months may be granted at the
sole discretion of Sherman Bridge Lending, LLC. This will be
based on loan portfolio status, payment history, and
inspection. Extension fees will be applicable.
• The repair costs will be released in the form of draws as
the work is completed. The draw schedule will be agreed upon
and included in the loan documentation.
Process
1. (Click here) to become pre-approved for our financing in
less than 24 hours.
2. Down loan the full loan application and submit them to us
via fax, email, mail, or in person.
3. Pre-pay for your property appraisal, survey, termite and
repair inspection. The fee of $999.00 must be submitted
online, or be in the form of a mailed or hand delivered
check. Loan applications will not be reviewed or processed
until payment is received.
4. You will need to let your title company know we our your
lender in the transaction, schedule the closing, and order
insurance as soon as possible for a minimum term of 6
months, additional insurance requirements will be included
in loan application. |
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