Performance Equity makes residential rehab loans to real estate investors. We loan from our own private equity mortgage pool and underwrite and service all loans in-house.
We do not not charge up front fees and we use the following general guidelines for residential acquisitions:
Up to 70% of the as-repaired value (ARV)
3 points origination and all costs rolled in
Minimum credit score 660 and reserve requirements
6 - 12 month terms
15% interest only
No mortgage insurance or prepayment penalty
Rehab costs held in an escrow account accessible with draws
Ready to Get Started?
Give us a call at (303) 534-7078 or download our Pre-Qual Worksheet here. Fill it out, fax it back and we'll call with a loan offer within hours.
This is not a public offering. This is not an offer or invitation to sell or a solicitation of any offer to purchase any securities in the United States or any other jurisdiction. Any securities may only be offered or sold, directly or indirectly, in the state or states in which they have been registered or may be offered under an appropriate exemption.