200 Sutton Street Suite 235 North Andover, Massachusetts 01845
Phone: 800.684.4490   Cell: 978.758.2186  Fax: 978.296.3473

email: jmottola@vistamtgcorp.com

Since 1993


Non-Conforming Construction/Rehab Financing
private financing with uncommon flexibility

 

Loan amounts $100,000 to $2,000,000
Transaction Types Residential acquisition and construction
Documentation  Minimal
Minimum credit score Not Used
Credit History Not Required
Underwriting Collateral based
LTV Purchase/rehab - 70% purchase price plus rehab cost (30% cash down)
New construction - 50% land cost plus 100% construction costs (seller financing ok)
Program Structure 12 month term - interest only
Prepayment Penalty 90 days
Property Types Buildable land and residential real estate
Close in Usually 2 weeks or less

 

 

Restrictions apply. Rates and terms are subject to change.

 



200 Sutton Street Suite 235 North Andover, Massachusetts 01845
Phone: 800.684.4490   Cell: 978.758.2186    Fax: 978.296.3473

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