REHAB CONSTRUCTION
100% Financing with Profit Participation Arrangement
CCFG Investments now offers an innovative “no cash down” rehab program. The CCFG Investments 80% ARV program provides more 100% of the loan costs. The loan and equity component includes the purchase price, up to 100% of the rehab budget, six months of prepaid interest payments, and lender costs; provided that they are no more than 80% of the After-Repaired-Value (ARV). The program requires borrowers be prequalified and only experienced rehab investors with a proven track record will get the best pricing.
Loan Structure:
| Lien | 1st position - w/ personal guarantee, but to a corporate entity. |
| LTV | 50% Max (based on ARV appraisal) |
| Points | 4 and $1,750 |
| Rate | 12% interest only |
| Term | 1 year |
| Interest Reserve | 6 months w/ 3 months non-refundable |
| Rehab Budget | Up to 100% and held in fund control |
Mezzanine Lender:
| Equity | Non-recourse (except for fraud) |
| CLTV | 80% Max |
| Points | 2 - 4 |
| Rate | 12% interest only |
| Term | Up to 12 months |
| Interest Reserve | Up to 6 months w/ 3 months non-refundable |
| Rehab Budget | Up to 100% and held in fund control |
| Fee | Onetime fee of $2,999, payable when 1st transaction is ready to close. |
