Southeast Michigan Investor Solutions

100% Rehab Funding

Property Types: 1 - 4 Residential Units (including condos, town homes)

• Non-Owner Occupied (Entity or Individual)

• Loan Amounts Up to $1,000,000 ($50,000 Minimum)

• Rates as low as 7% (varies based on loan -to -value and experience)

• Up to 90 % Purchase

• 100% Rehab Funding

• No Junk Fees

• No Upfront Fees

• Loan Term: 6 or 12 months

• Fixed, Interest Only Monthly Payments

• Quickly close in 7 business days (5 days Subsequent)

• No Prepayment Penalty

Refi's starting at 7%, Up to 5 years ..

If you want more information about our lending programs feel free to contact us

Phone: (313) 288-9766

Email: lending@semichinvestments.com

Hours of Operation

Monday - Friday 8:00 am to 6:00 pm EST

Saturday 9:00 am to 2:00 pm

Sunday Closed

Rental Property Loans

First-time and experienced rental property landlords looking to grow their business. We offer a simple 100% online process, fast 10-14 day close and reliable access to funds allowing our customers to free up cash quickly and easily. Our loans feature competitive terms and a transparent process with dedicated help every step of the way.

SUMMARY OF TERMS

Property Type:          SFRs, 2-4 plexes, town homes, PUD

Loan Structure:         5/1 ARM, 30 year amortization

Transaction Type:      Purchase or Refinance 

Minimum FICO:         620

Interest Rates:          6% to 9% (varies based on LTV and FICO) 

Personal DTI:            Not Required 

Property DTI:            Up to 85% (calculated as PITIA/Gross Rental Income) 

Junk Fees:                None, legitimate 3rd party fees charged at cost with no mark-ups 

Reserves:                 6 months PITIA for subject property, 3 months PITIA for all other financed properties* 

Loan Amount:           Up to $1,000,000 ($50,000 minimum) 

Eligible Reserves:      Brokerage and retirement accounts (reserves required are in addition to funds needed to close loan in case of purchase) 

Loan -to -Value:        Up to 75%

Rental Experience:     None Required

Closing Process:        14 days from completed app, even quicker for repeat borrowers 

Bankruptcies:            None in past 3 years

Loan Term:               30 years

Note: Loan approval is subject to program guidelines. Interest rate and program terms are subject to change. Final terms vary depending on the property and borrowing entity.

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