Fix and Flip

Fix and Flip Program 1
Investor 1-4          
Non-Owner Occupied SFR, Condo, 2-4 Unit          
Tier Loan To Value   Interest Rates Only   LTV
I FICO ≥ 700   8.50%   75%
II FICO 650-699   8.75%   75%
III FICO < 650   9.75%   70%
General Guidelines   Purpose   Purchase Transaction only
  Loan Amount   $75k - $2MM
  Term   1 year Interest Only
  Credit Score   No Minimum
  Prepayment Penalty   Minimum 4 months interest
  Rate Buydown   1 pt. fee= .50% rate reduction
      (Maximum 1% reduction)
  Total Fees   Max is 3% of the loan amount incuding
      non-recurring closing costs
  Lender Fees   4% + underwriting fee $999
Underwriting Guidelines   Income Verification   Simple Documentation
  Down Payment   Must be sourced
  Reserve Requirments   Proof of 3 months post closing reserves
  Appraisal Process   Contact your Account Executive to learn
      about our streamlined process and cost
       
  Impounds   None
  Foreign Investor(s)   50% Maximum LTV

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caridiacapital.com
4419 White Plains Rd.
Bronx, New York 10470

Caridia Capital is a direct lender and consulting firm that prides itself on unparalleled service and performance. We are committed to
providing unbiased advice and prudent strategies for your business. Our services are always tailored to your unique needs.