There is help! Say you have a low credit score for example 560, percentage wise there is a 31.16% chance that you will default. That is considered a bad credit score, and a very high default rate. But think about it a different way. There is a 68.84% chance that you will pay back the loan in full and on time. If you make loans to 100 people with a score of 560, 31 people will default, and 69 people will pay. If a lender rejects people with 560 credit scores, they are depriving 69 responsible people of access to credit. In other words, they are rejecting good people with bad credit scores. The good news is many of our hard money lenders will look at why your score is bad and, in many instances, can qualify you for a business loan. Reach out to me and tell me what caused your low credit score and let me see what I can do to help you out. It cost you anything to tell me your story. If I can find a way to help you, I will. Call toll free 800-965-5602. Or contact us through our web site. Remember that “We are the “Quick Link to the Capital you Need!”™ Herman
Up to 80% of purchase price and 100% of the renovation cost. The loan amounts are typically based on the Deal Cost & ARV (After Repair Value). Visit above web page (Buy & Flip) for more information!