WIN Investment Trust

Mortgage Terms

Properties Considered:

Residential: Rehabs for Flipping, Buy and Hold, Cash Out and Cash Out and Refinance

Commercial Real Estate: Apartments, Multi-Units, Warehouses, etc.

Length of Loan:

Flexible loan terms from 9-36 months.

Borrowing Entity:

All borrowers must close in the name of an LLC

Lien Position:

First mortgage position.

Guarantee:

A legal personal guarantee is required.

Loan to Value:

Up to 80% of the contracted purchase price for purchase transactions

Up to 70% LTV of the as-is value for refinance transactions.

Interest Rate:

Rates as low as 7.5%

Loan Size:

$25,000 to $10,000,000

Loan Advances:

Funds will be forwarded in draws of 1 to 4 advances to be determined by us. Funds will be wired by direct deposit into an account provided by the investor. An on-site inspection to determine the current progress of the project may be required prior to the release of funds. A subcontractor guarantee may be required.

Prepayment Penalties:

No prepayment penalties.

Loan Origination Fees:

4-6 points.

Contact For Mortgage Loan Services

Items for Underwriting

Items Needed for 24-Hour Underwriting

Loan Applicatio
Summary of work to be completed (if applicable)
2 months most recent bank statements
Rent rolls and copies of all rental agreements (if applicable)
Borrowers Credit Authorization Form (we will provide the form)

Additional Items Needed to Close

Title Policy (obtained by borrower's attorney) ensuring marketable title
Signed purchase & sales agreement
Hazard insurance binder
Current year property tax statement showing taxes paid in full through closing
Appraisal (obtained by us, paid by borrower)
Borrower's counsel's opinion letter
Voided checks to set up ACH payments

If the Borrower is a Corporation/LLC/Partnership/Trust

Articles of Incorporation / Organization
Corporate / LLC resolution authorizing the loan, and the officer(s) authorized to execute the loan documents
Corporate bylaws or LLC Operating Agreement (resolution required)
Certificate of Legal Existence
Copies of Partnership / Trust Agreement