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RevitaLending Difference |
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The
RevitaLending Difference
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REVITALENDING |
OTHER LENDERS |
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Minimum Credit Score |
No, credit score not an issue |
Yes, mid 600's or higher |
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Down Payment |
Not required |
Yes, between 20 to 30% |
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Bank Statements |
Not required |
Yes, must show reserves |
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Tax Returns |
Not required |
Yes, must show income |
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Appraisal Needed for Approval |
No |
Yes |
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Monthly Payments * |
No |
Yes |
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Pre-Payment Penalty |
No |
Yes |
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Application Fee |
No |
Yes |
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Rehab Projects over 100K |
Yes |
No |
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Construction Loans |
Yes |
No |
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Joint Ventures |
Yes |
No |
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Approval in 24 hours |
Yes |
No |
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Accept Newly Self-Employed |
Yes |
No, must show 2 years income |
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Direct Lenders |
Yes |
Often are really brokers |
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Second trusts behind us |
Allowed |
Not allowed |
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Cash Out Re-Fi |
Yes |
No |
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*No monthly
interest payments for properties in DC and Virginia / 6-month terms only |
Top 10 Reasons to Use RevitaLending for Your Next
Hard Money Deal
Minimal Paperwork!
We do not require any income tax returns, bank statements, proof of funds,
pay stubs, or employment verification. We don’t even require a 1003!
Credit Score Not An Issue!
We have no minimum FICO requirement. Our loans are based on the property’s
equity, not personal qualifications.
We Work Hard To Get Your Deal Closed!
Our staff works diligently to make sure your loan gets the attention it
deserves.
Large Rehab Projects Are Welcome!
We don’t shy away from major rehab projects! From fire damaged homes to total
reconstruction, we will fund repairs in excess of $100,000 as long as the loan
fits our guidelines.
Speed! Speed! Speed!
Commitment letters generated within 24 hours of complete loan submission* and
closings within 48 hours of clear title. (*Complete loan package includes
ratified sales contract, color pictures, repair list and comps).
We Are Well Capitalized!
We have millions of dollars in available capital and we stand ready to fund
projects in the Washington DC Metropolitan area.
We Can Fund A Variety of Scenarios!
We can finance the following: Residential Properties (non-owner occupied
only), Commercial Properties, Apartment Buildings, Condo Conversions, New
Construction, Equity Infusion Proposals and Cash Out Refinancing
We Are Still Offering Construction Loans!
We are still funding brand new construction! From modular homes to
stick-built homes to entire housing developments! Home builders/Developers: We
can fund you OR your clients.
Quality Customer Service!
We treat every loan the same, whether it is $30,000, $300,000 or $3Million.
Every borrower is treated with the same professional courtesy, respect and
consideration, no matter what the size of the loan.
We Are Local Lendners!
We know our “backyard” (DC Metro) quite well! Because of this we are able to
make quick decisions and close fast.
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Residential Rehab |
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New
Construction |
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Land
and Lot Loans |
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Commercial and Multi-Units |
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Condo Conversions |
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Cash
Out Refinancing |
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