Someone told me that it's possible to get a 50,000 to 100,000 line of credit that is stated income/stated assets. I was wondering if this possible and what is required for that?
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SF Bay Area
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Re: lines of credit question
Wed, May 11, 2005 - 3:49 PMSanPark Associates Inc.
Hassel-Free Short Term Mortgage
For RE Investors, Developers, Rehabbers and Builders
Terms:
0 - 12 Months
Up Front Application Fees - $750.00 - $1,000
1.25% Per Month Interest Only
Prepayment Penalty – NONE
Investor fees: 4 – 6 pts.
SanPark Fees: 2 – 4 pts.
Documentation Required:
No full documents, just 2 page loan application. No financials, no tax returns no income verification or employment verification
We Lend For:
Acquisition
Renovation or Rehab
New Construction
Refinance
States We Lend:
PA, NJ, NY, MD, CT, TX, FL AND GEORGIA
Loan Sizes:
$50,000 to $6,000,000
Lines of credit:
$200,000 - $5,000,000+
Types of Investment properties:
1-4 family houses
Apartment houses
Mixed-use properties
Commercial properties
Condos/Coops
Land Acquisitions
Office Buildings
Condo Conversions
For Application and or loan scenario consideration contact:
Flerida Parker
sanparkfunding@nyc.rr.com
mobile: 646-208-7523
