Rehabber Hard Money Program
The Norris Group's hard money program for real estate investor flippers and rehabbers is built with speed and flexibility in mind. We can fund in 10 business days or less if all paperwork is signed and all escrow instructions are delivered to us quickly. We can work with self-directed IRA accounts and entities (Corps, LLCs, partnerships, trusts, etc.) and, there's no prepayment penalty.
NEW: REDUCED POINTS for loans over $400,000!
- 400,000-$499,000 loans = $10,000 flat fee
- $500,000+ = 2 points
Doing more than 10 flips per year? Call (951) 780-5856 and ask about our TNG Frequent Buyer Program.
| Rehabber | |
| Term of Loan: | 1 Year |
| Interest Rate: | 12.5%* |
| Prepayment Penalty: | NONE |
| Loan to Value: | 65% ARV Max |
| Points:** | 2.5 Pts |
| Misc. Fees: | $1,095 |
| Appraisal Fee: | $375 |
| Modification Fee: | N/A |
| Building Inspections: | N/A |
| Entities: | OK |
| IRA Loans: | OK |
* 0.4% additional interest if investor is not opted in for direct deposit.
** Minimum $2,500 fee for orgination in Rahabber Program. Discounted rates for loans over $400,000 apply only to the Rehabber Program.
All loans subject to change.
Other Private Money Programs:
