What is a Wrapable Loan?
Inspired by innovation, we present to you the Wrapable Loan. Our wrapable is competitive, cutting edge, and one of a kind. This loan product is unique - it allows you to turn a property into a note. How can this be done? We do not have a "due on sale clause", which allows you to sell the property on owner-finance terms and 'wrap' that note around the one you have with us. You become the lender - and keep the interest difference (this is sometimes called "the spread").
Why Owner-Finance?
Imagine a standard, rent-worthy house that you have just finished repairing. Below, we will compare the profitability of the different strategies of managing a rental vs. owner-financing using our wrapable note. This is a bare-bones breakdown of the expenses, will not include closing costs - only a rough overview of the profit and loss statements for each.
*Wrapable "Income" is from the note with the end-buyer.
Wrapable Good Faith Estimate
Wrapable Documents Required For Processing
Investor Friendly Lenders
Loan process aside, we understand the challenges you may face when trying to purchase your first or next investment. We want to save you a headache. Our Rehab/Flip loans are approved and processed by seasoned, professional investors. We provide you with no hidden fees, simple loan applications, and a reliable team concerned with your long-term success.
