Straightline Funding

Phone: 888-309-1972

Address: 1100 Peachtree Street Suite 200, Atlanta, GA 30309

Website: https://www.straightlinefunding.com/

Email: info@straightlinefunding.com

States They Lend In: NC, SC, GA, FL, TN, AL, MO, IL and NY

 

Fix and Flip Lending

 

Straightline Funding is a direct hard money lender specializing loans for real estate investors. We not only provide loans but add value to your real estate investing business by offering you market data about value trends, deal analyzation tools, project profit calculations and general insight that over 60 years of combined real estate investing experience offers.

 

Fix and Flip Program Highlights

 

•Rates start at 8.99% and are based on your experience level in rehabbing homes and your credit score

•Funding up 90% of purchase and 100% of renovations

•Straightline writes loans from $50,000 to $2,000,000 (higher rates and fees may apply to loans under $100,000)

•Loan terms up to 15 months

•All credit scores and situations considered

•1st position lending only

•No tax returns required

•No Pre-Payment Penalties

•Proof of Funds Letters at no charge

•No application or other junk fees

•Rehab Loans against investment property already owned are OK

•No rural properties or properties in high crime areas

•Non-recourse loans to Self-Directed IRAs allowed at max LTV of 60%

•LTV caps at 65% of ARV if renovation budget exceeds 65% of purchase price

•No Gap Funding or borrowed down payments. Borrower must have their own verified funds for down payment.

 

Purchase Only or Refinance Loan

 

States Available

• Our purchase and refinance loans are available in Alabama, Georgia, Illinois, North Carolina and South Carolina

Rates & Fees

• Rates start at 8.99%. Origination fees range from 2% - 5%. Rates and fees vary based on credit, experience, and LTV

Credit Score Requirement

• Credit 600 or above is required along with a clean background check. Exceptions on credit score can apply. Discuss with your loan officer.

Loan Term

• Loan terms available up to 24 months. Extensions available.

Loan To Value

• Max LTV for purchase is 75%
• Max LTV for refinance with no cash out is 75%
• Max LTV for cash out refinance is 65%

Loan Amounts

• Minimum loan amount is $90,000
• Maximum loan amount is $2,000,000

 

Commercial Lending

 

Need short term bridge financing for a commercial investment property? We provide hard money bridge financing on office, retail, multi-family and other types of commercial real estate. Our purchase and refinance loans are available in Alabama, Georgia, Illinois, North Carolina and South Carolina

Loan To Value

• Max LTV for purchase is 70%.
• Max LTV for refinance with no cash out is 70%
• Max LTV for cash out refinance is 60%

Loan Amounts

• Minimum loan amount is $400,000. Maximum loan amount is $2,000,000

Loan Term

• Loan terms available up to 30 months. Extensions available.

Rates & Fees

• Rates start at 8.99%. Origination fees range from 2% - 5%. Rates and fees vary based on credit, experience, and LTV