"Jack Blythe is a pleasure working with. Jack ensured that I was updated throughout the closing of my deal. His thoroughness, professionalism, communication and attention to detail are exemplary and gave me assurances for the success of the closing of my investment property and indeed it was a success. If I can give more than 5 stars, I would."
Shaolin Preacher
Investor
Transactional Loans
As with our single family mini-perm loans, this product is perfect for the occupied and cash flowing property that is not quite ready for funding through a permanent or conventional lender. The loan term is 60 months (5 years) and can be paid off at any time without penalty.
| Rates & Terms | |||
|---|---|---|---|
| Origination Fee | 2% of Loan Amount | ||
| Interest Rate | 12.0% (interest-only) | ||
| Term | 30-day | ||
| Qualifications & Requirements | Lender Specific Closing Costs |
|---|---|
| 620+ Credit Score | $450 Processing Fee |
| 3 Months Bank/Investment Statements | $350 Administration Fee |
| Liquidity = 20% Loan Amount on No-Cashflow Assets | $50 Wire/Courier Fee |
| Two Years Tax Returns | |
| Completed PIL Loan Application |