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Funded
Originated
States
100% Financing, Cash-Out Refinance, Gap Funding, Land Loans, Commercial Properties, 2nd Mortgages
* Up to 80% LTC for stabilized bridge loans, borrower must use own cash (no GAP or seller carry funding)
* Maximum loan-to-purchase price of 92.50%
* Property must be under contract
* Proof of funds letter provided
* Auction purchases considered
* Borrower's equity can come from own cash, partner, or equity in another investment property
* Up to 92.50% funding of total project costs (purchase plus rehab), with lower leverage for new investors
* No prior experience required
* Zero value-add projects needed from borrower
* Renovation costs funding provided
* Up to 92.5% LTC for renovation costs
* Interest charged only on drawn renovation funds
* 2-day typical turnaround for fund draws
* Maximum After Repair Value of 75%
* Vertical construction projects only with permits ready - no land-only purchases
* Development experience required
* Minimum of 2 completed ground-up construction projects
* Up to 80% LTC for ground-up construction costs
* Interest charged only on drawn construction funds
* Lending available for partially completed construction projects
* Loan amounts range from $100,000 to $2,000,000
* Interest rate starts at 6.5%
* Maximum origination fee of 2%
* Loan terms from 180 to 480 months
* Maximum LTV and LTP both at 80%
* 6 months seasoning required
* Minimum DSCR of 0.75
* Minimum credit score of 660
* Portfolio lending not available
* Required documentation includes bank statements and loan application
* Personal guaranty required on all loans
* Minimum credit score of 660
* Full appraisal always required for residential property, BPOs not accepted
* Lending available for residential property only
* Eligible loan purposes: investment acquisition, refinance, property improvements, equity extraction for other investments, and value-add projects
* Property can be vacant or 100% tenant occupied
Since 2006, ZINC Financial has funded billions in private money loans through its own fund. As a true direct lender, we offer fix-and-flip, rehab-and-rent, bridge, and construction loans with up to 92.50% LTC. We handle all decisions in-house, welcome investors with 660+ FICO, and require no prepayment penalty on rehab and bridge loans.
Only company I'll do business with. Warren was a huge help from day one. Definitely recommend zinc Financial for all your hard money fix and flips!!
Robert Cervantes was a pleasure to work with. He was helpful and understanding of my situation all the way through the processing of the loan. He is very responsive, professional and was able to clarify anything that I was concerned about during the process. I'll look forward to working with Robert and would definitely recommend everybody who is looking for a loan to work with him.
Working with ZINC Financial was amazing. From start to finish my Loan Rep. Robert Cervantes continually gave me his undivided attention and professional service. He found away to make this process painless. Thank you Robert and your team of professional's for making this transaction a breeze. Can't wait to close my next purchase with ZINC Financial.
