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Dynamic Equity Partners

Products

Purchase Transactions (Non - Rehab)

60% Max LTV  
Buyer is required to put down 40% of the sales price of the property + all closing costs
Non-Owner Occupied Only
Maximum Loan Amount $50,000
Interest Rate 18% - (Interest Only Payments)
One Year Balloon with option to extend for an additional year at the cost of 2 points.
Letter of explanation explaining exit strategy required
Hazard Insurance policy listing mortgagee with sufficient coverage to cover mortgage amount
W2's for last 2 years for wage earners or tax returns for last 2 years for Self-Employed Borrowers
2 most recent paystubs for wage earners
Most Recent 2 months Bank Statements
Active business license for self employed borrowers or letter from CPA stating borrower is currently in business
1st lien position Only


Purchase Transaction (Requiring Rehab)

65% Max LTV  
Buyer is required to put down 35% of the sales price of the property + all closing costs
Non-Owner Occupied Only
Maximum Loan Amount $50,000
Interest Rate 18% - (Interest Only Payments)
One Year Balloon with option to extend for an additional year at the cost of 2 points.
Letter of explanation explaining exit strategy required
Hazard Insurance policy listing mortgagee with sufficient coverage to cover mortgage amount
Contractors Bid required with a copy of contractors license
Draw Schedule breaking down work into phases , *note, draw's will be given as reimbursements for work performed, not future work.
Signed Contract between borrower and contractor required
Signed Contract between Lender and Contractor
Letter of explanation explaining exit strategy required
Hazard Insurance policy listing mortgagee with sufficient coverage to cover mortgage amount
W2's for last 2 years for wage earners or tax returns for last 2 years for Self-Employed Borrowers
2 most recent paystubs for wage earners
Active business license for self employed borrowers or letter from CPA stating borrower is currently in business
1st lien position Only

Note *If project requires more funds than the gross proceeds to borrower on the HUD1 Settlement statement, borrower to provide proof they have those funds to complete the project

Refinance cash out transaction (proceeds for business use)

50% Max LTV
Non-Owner Occupied Only
Maximum Loan Amount $50,000
Interest Rate 18% - (Interest Only Payments)
One Year Balloon with option to extend for an additional year at the cost of 2 points.
Letter of explanation explaining exit strategy required
Letter of explanation of what cash will be used for
Hazard Insurance policy listing mortgagee with sufficient coverage to cover mortgage amount
Letter of explanation explaining exit strategy required
Hazard Insurance policy listing mortgagee with sufficient coverage to cover mortgage amount
W2's for last 2 years for wage earners or tax returns for last 2 years for Self-Employed Borrowers
2 most recent paystubs for wage earners
Most Recent 2 months Bank Statements
Active business license for self employed borrowers or letter from CPA stating borrower is currently in business
1st lien position Only


Refinance cash out to do rehab of subject property

50% LTV Max
Non-Owner Occupied Only
Maximum Loan Amount $50,000
Interest Rate 18% - (Interest Only Payments)
One Year Balloon with option to extend for an additional year at the cost of 2 points.
Letter of explanation explaining exit strategy required
Hazard Insurance policy listing mortgagee with sufficient coverage to cover mortgage amount
Contractors Bid required with a copy of contractors license
Draw Schedule breaking down work into phases , *note, draw's will be given as reimbursements for work performed, not future work.
Signed Contract between borrower and contractor required
Signed Contract between Lender and Contractor
Letter of explanation explaining exit strategy required
Hazard Insurance policy listing mortgagee with sufficient coverage to cover mortgage amount
W2's for last 2 years for wage earners or tax returns for last 2 years for Self-Employed Borrowers
2 most recent paystubs for wage earners
Most Recent 2 months Bank Statements
Active business license for self employed borrowers or letter from CPA stating borrower is currently in business
1st lien position Only

Note *If project requires more funds than the gross proceeds to borrower on the HUD1 Settlement statement, borrower to provide proof they have those funds to complete the project


 
DISCLAIMER: This is a private partnership therefore investments are not guaranteed by the FDIC. Dynamic Equity Partners is not a registered security with the Securities & Exchange Commission. All investments are by invitation-only. Be sure to consult                 your attorney, accountant, and/or other licensed professional needed before considering any investment or partnership with Dynamic Equity Partners.

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