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").

Term of 20 Years With
No Balloon Payment

Interest Rate 8.5%
Up Front Points Of 6

Maximum Loan-To-Value
(LTV) is 70%

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.

Rental Loan (20-yr, 7% Interest Rate)

After- Repair Value (ARV):	$100,000.00
Loan Amount:	$70,000.00

Monthly Cashflow:	$127.29
Annual Cashflow:	$1,527.48

Rental Annual Profit and Loss

Rental Income:	$14,400.00	Taxes:	$1,000.00
		Insurance:	$800.00
		Loss-to-Lease (Vacancy):	$2,160.00
		Note Payment:	$6,512.52
		Maintenance:	$1,200.00
		Management:	$1,200.00
Total Income:	$14,400.00	Total Expenses:	$12,872.52

Wrapable Loan (20-yr, 8% Interest Rate)

After- Repair Value (ARV):	$100,000.00
Loan Amount:	$70,000.00

Monthly Cashflow:	$465.71
Annual Cashflow:	$5,588.52

Wrapable Annual Profit and Loss

Income*:	$12,614.64	Note Payment:	$7,026.12
Total Income:	$12,614.64	Total Expenses:	$7,026.12

*Wrapable "Income" is from the note with the end-buyer.

Wrapable Good Faith Estimate

Wrapable Documents Required For Processing

ILS was created for Real Estate Investors, by Real Estate Investors.