Stated Income Loan 90% LTV | Southern California Property Flippers BanCorp Realty
Irvine, CA, February 09, 2014 --(PR.com
)-- BanCorp Real Estate Group is the first to release a 90% LTV, No Income Verification, No FICO Score Mortgage for Property Flippers in Southern California – From Los Angeles County to San Bernardino South to San Diego County. BanCorp Realty is presenting this perfect bridge loan to investors and property flippers with no junk fees and no prepayment penalties amortized over 30 or 40 years due in 12 months. This is an interest only rate loan with rates starting at 8.5% and there is no better financing source available on the open market for “Flip Investors.” The main underwriting criteria that BanCorp uses for this mortgage is a previous demonstrated track-record for flipping properties.
BanCorp Realty is one of the fastest growing real estate agencies in Southern California. To learn more about BanCorp Realty please visit them at BanCorp Realty.com. If a professional would like to join a winning team please visit the “Join BanCorp” section. Any professional coming on board with BanCorp Realty will have access to this financing and BanCorp projects that this funding source will run through Q4 2015 at this higher LTV limit. If there are Southern California real estate professionals with high integrity and they believe they would bring a value-added to BanCorp Realty, management would love to speak with them.
When a professional visits BanCorp’s website: BanCorpRealty.com a professional will quickly see that BanCorp is authentic and original and also master hybrid-viral marketers. BanCorp is in the process of developing and then building out its presence in South Orange County, and is aggressively seeking to secure high quality real estate professional in other selected regions/city’s/community’s in Southern California.
If a real estate professional would like to have access to this special mortgage/financing program or if they would simply like to join a dynamic real estate agency that is effecting change in each Southern California community that BanCorp operates in - contact BanCorp today (800) 936-BANC. BanCorp is audacious and is far more effective than other large National and Regional Real Estate companies. BanCorp Real Estate Group buys and sells Southern California real estate faster than anyone else – this is why BanCorp trademarked easier and faster™. When BanCorp gets its clients in and out of the real estate transaction faster it allows them to start building short term equity and long term wealth faster – directly benefiting the client in the short and long term.
· Up to $1mm
· Up to 90%
· Rates start at 8.5%
· 12 month term
· Amortized: 1/30 1/40
· No Fund Control for repairs
From the desk of CEO Greg Steinaker