Overview

BrokeredIn is an easy-to-use, state of the art loan origination platform that allows brokers, realtors, residential bankers and other professionals to originate live quotes on commercial, residential investment and business loans.

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RESIDENTIAL


INVESTMENT MARKET

One Application • Many Lenders • Many programs


FREE TRIAL
RESIDENTIAL INVESTMENT:
Hard money
Bridge
Permanent
Stated
Rehab
Fix & Hold

RESIDENTIAL INVESTMENT MARKET

The traditional bank's role as the primary source of consumer credit is increasingly threatened by other capital providers like; mortgage bankers, life insurance companies and private capital, sometimes referred to as "non-bank lenders". Residential investment properties are a huge market and these non-bank lenders have numerous financial programs for residential investment properties.

BrokeredIn provides you access to these lenders.

Alternative financing is for borrowers who still don’t quite qualify for Full Doc Permanent financing due to credit problems or other internal issues with their finances.

Typically, Alt lenders will still require a full financial due diligence package including tax returns, accounting, credit profile, full application, etc., but will use expanded underwriting criteria and possibly evaluate the borrower’s income using bank statements to verify deposit income looking at a “Global Cash Flow”.

These loans allow for more adverse credit and financial situations creating Rates and Terms not typically as high as Bridge or Hard Money but not as low as standard conventional pricing.

FUNDING TIME


Hard money
15 Days
Bridge
21 days
Conventional
45 days

EARNINGS POTENTIAL


Up to 5 Points






LOANS



35% Complete (success)
20% Complete (warning)
10% Complete (danger)

$25,000 TO $25 Million



QUICK OVERVIEW


Similar to the stated income loan where the lender does not verify the borrower's income by looking at their pay stubs, W-2(employee income) forms, income tax returns, or other records. Lenders will request between 12 to 24 bank statements to verify income or using another approach, the lender will add the business and personal income to the cash flow to execute what is called Global Cash Flow.
PROPERTIES FINANCED
SFR
DUPLEX
TRIPLEX
FOURPLEX
CONDOS
TOWNHOMES
MONEY, TIME& EXECUTION
TYPICAL LOAN SIZE
$400,000
APPROVAL TIME
72 hrs
FUNDING TIME
45 Days
POTENTIAL COMMISSION
$8,000 (2% of loan amount)
PROPERTIES FINANCED
SFR
DUPLEX
TRIPLEX
FOURPLEX
CONDOS
TOWNHOMES
MONEY, TIME& EXECUTION
TYPICAL LOAN SIZE
$500,000
APPROVAL TIME
72 hrs
FUNDING TIME
60 Days
POTENTIAL COMMISSION
$20,000 (4% of loan amount)

QUICK OVERVIEW


Stated Income – See Hard Money
A stated income loan is a mortgage where the lender does not verify the borrower or properties financials (business tax returns, accounting records, pay stubs, personal tax returns) These loans are intended for self-employed borrowers, or borrowers who might have difficulty documenting their income. Underwriting will focus on the borrowers’ credit and the properties available equity rather than financials.

Stated
Hard Money or Stated Income financing focusses on the available equity in real estate as opposed to relying heavily on a borrowers credit and financial strength. These loan programs are utilized when the borrower has no other options, and close in as little as 7-10 days but typically come with very high Interest rates, up-front fees & costs and multiple points do at closing.

QUICK OVERVIEW


Flipping houses has become a full-time job for many people, and unless your borrowers are flush with cash they need financing not available at the corner bank. Fix & Flip loans or ARV (After Rehab Value) loans offers financing for up to 90% of the purchase price + up to 100% of the renovation costs, usually not to exceed 75% of the after-repair value. Prior real estate investing experience is preferred but these programs are available to first time investors too.
PROPERTIES FINANCED
SFR
DUPLEX
TRIPLEX
FOURPLEX
CONDOS
TOWNHOMES
MONEY, TIME& EXECUTION
TYPICAL LOAN SIZE
$300,000
APPROVAL TIME
24 hrs
FUNDING TIME
15 Days or less
POTENTIAL COMMISSION
$9,000 (3% of loan amount)
PROPERTIES FINANCED
SFR
DUPLEX
TRIPLEX
FOURPLEX
CONDOS
TOWNHOMES
MONEY, TIME& EXECUTION
TYPICAL LOAN SIZE
$750,000
APPROVAL TIME
24 hrs
FUNDING TIME
15 Days os less
POTENTIAL COMMISSION
$22,500 (3% of loan amount)

QUICK OVERVIEW


After the house has been fixed, often time rehabbers will want to add the property to their portfolio and hold it long term as a rental. If the bridge lender that did the rehab doesn’t want to extend the loan another 12 to 18 months needed to stabilize the property for conventional long term take out, the flipper will need more time and another bridge loan to find renters and start cash-flow on the property. These loan programs can offer lower interest rates and terms up to 24 months with extensions depending on the type of property and creditworthiness of the borrower.

QUICK OVERVIEW


Bridge loans, also known as interim financing, gap financing or swing loans, they bridge the gap during times when financing is needed but not yet available. Bridge loans typically have a faster application, approval and funding process than traditional loans. However, in exchange for the convenience, these loans tend to have relatively short terms, high interest rates and large origination fees. Generally, borrowers accept these terms because they require fast, convenient access to funds. These loans typically are full doc loans with very liberal underwriting and approval guidelines that borrowers are willing to pay high interest rates because they know the loan is short term and plan to pay it off with low-interest, long-term financing quickly.
PROPERTIES FINANCED
SFR
DUPLEX
TRIPLEX
FOURPLEX
CONDOS
TOWNHOMES
MONEY, TIME& EXECUTION
TYPICAL LOAN SIZE
$5 Million
APPROVAL TIME
72 hrs
FUNDING TIME
60 Days
POTENTIAL COMMISSION
$100,000 (2% of loan amount)
PROPERTIES FINANCED
SFR
DUPLEX
TRIPLEX
FOURPLEX
CONDOS
TOWNHOMES
MONEY, TIME& EXECUTION
TYPICAL LOAN SIZE
$750,000
APPROVAL TIME
48 hrs
FUNDING TIME
21 Days os less
POTENTIAL COMMISSION
$22,500 (3% of loan amount)

QUICK OVERVIEW


The foreign national programs are designed for credit worthy foreign nationals interested in owning an investment property in the US. Typically these individuals will need to have established credit and banking relationship in the US and will need to meet more stringent underwriting criteria than US Citizens. Not all States will qualify.

QUICK OVERVIEW


These loans can typically offer competitive rates for well qualified borrowers with established real estate rental portfolios. Borrowers can expect Terms up to 25 and 30 years with typically a minimum 20% equity positions in properties valued from 75k (50k on occasion) & up per unit.
PROPERTIES FINANCED
SFR
DUPLEX
TRIPLEX
FOURPLEX
CONDOS
TOWNHOMES
MONEY, TIME& EXECUTION
TYPICAL LOAN SIZE
$75,000
APPROVAL TIME
72 hrs
FUNDING TIME
7 Days
POTENTIAL COMMISSION
$22,5 00 (3% of loan amount)
PROPERTIES FINANCED
SFR
DUPLEX
TRIPLEX
FOURPLEX
CONDOS
TOWNHOMES
MONEY, TIME& EXECUTION
TYPICAL LOAN SIZE
$750,000
APPROVAL TIME
72 hrs
FUNDING TIME
25 Days
POTENTIAL COMMISSION
$22,500 (3% of loan amount)

QUICK OVERVIEW


These products often mirror standard Fix & Flip lending, but in this case offer a more streamlined and expedited approval process for experienced house flippers. This allows experienced flippers to take advantage of quick sale opportunities with faster closing as the borrower is already approved and the lender is only approving the asset/property. These products are typically only offered to busy investors doing 5+ transactions a year.


TERRITORY

National