LOAN PURPOSE |
|
INTEREST RATE[1] | Rates as low as 8.99% |
LOAN AMOUNT | $300K-$10MM[12] |
LOAN TERM | 12 to 18-month options available |
BORROWER TYPE | Individual or group |
EXPEREINCE | First-time buyers welcome |
REFINANCE MAXIMUM LEVERAGE LOAN –TO-VALUE[4] AND LOAN-TO-COST[5] |
Up to 75% |
PURCHASE MAXIMUM LEVERAGE | Up to 80% |
COST BASIS | Purchases and refinances owned more than 180 days |
REHAB ALLOWANCE | Up to 25% (cosmetic only) |
PROPERTY TYPE |
|
City, State | Buffalo, New York |
Population | 255,284 |
Map Coordinates | 42.89°N 78.85°W |
Median Home Price | $117,500 |
Housing Units Owner Occupied | 44,267 |
Housing Units Renter Occupied | 64,896 |
Hard Money Loan Volume | $175,992,789.60 |
Rental Property Loan Volume | $216,471,131.21 |
Bridge Loan Volume | $61,597,476.36 |
Fix & Flip Loan Volume | $133,754,520.10 |