United Way Plaza Bldg, 1005 Tillman Street, Suite 213, Memphis, TN 38112        901-708-5580

© 2023 by Money Spartans Financial Group

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The Money Spartans Financial Group offers short-term and long-term financing options for real estate investors. Whether you are looking to fix & flip properties or hold properties for rental income, We have flexible options that are suited to your needs.

Fix & Flip      

Rental Financing (Buy to Rent)  

Rental Financing (Long Term) 

Multi Family (Short Term Bridge & Fix and Flip)

 

FIX AND FLIP

Looking for Funding For Your Next Fix & Flip Project?

The Money Spartans Financial Group’s ARV Loan Program offers financing for up to 90% of the purchase price + 100% of renovation costs, not to exceed 75% of the after repair value.

Plus, The Money Spartans Financial Group only charges interest on your outstanding balance, not on the rehab holdback so you don’t pay for the funds you aren’t using.

Loan Criteria Collateral:

Non-Owner Occupied 1-4 Family Real Estate; Condos; Townhomes: 5+ Unit Apartments; Mixed-Use Properties

 

LTV:

Up to 90% of the Purchase Price + 100% of the Renovation Cost; Not to Exceed 75% of the ARV

 

Term:

12 Months (6-Month Extension Available)

 

Minimum Property Value:

$25k for 1-4 Family
$50k per Unit for Multi-Family (5+)/Mixed-Use

 

Loan Amount:

$25k – $2.5M for 1-4 Family, Condos, & Townhomes
$250k – $5M for Multi-Family (5+)/Mixed-Use

 

Minimum FICO:

600

Rates

As Low As 7.99% (Interest Only Charged on Outstanding Balance)

 

Pre-Payment Penalty:

N/A

INVESTOR BENEFITS

New Investor

Completed up to 2 Flips or Owned up to 2 Rentals in the Last 3 Years

Up to 80% of Purchase Price + Up to 100% of Renovation Costs; Not to Exceed 70% of the After Repair Value

Starting at 10.99%

Intermediate Investor

Completed Between 3 & 20 Flips or Owned Between 3 & 20 Rentals in the Last 3 Years

Up to 85% of the Purchase Price + Up to 100% of Renovation Costs; Not to Exceed 75% of the After Repair Value

Starting at 8.99%

Experienced Investor

Owned 20 or More Investment Properties (Flips and/or Rentals) in the Last 3 Years

Up to 90% of the Purchase Price + Up to 100% of the Renovation Costs: Not to Exceed 75% of the ARV

Starting at 7.99%

RENTAL FINANCING (BUY TO RENT)

Looking to Purchase a Property to Hold for Rental Income?

The Money Spartans Financial Group’s Buy-to-Rent loan program offers a 24-month term, with a 12-month extension available, ensuring that our customers have rental property financing that goes the distance.

Loan Criteria Collateral:

Non-Owner Occupied 1-4 Family & Multi-Family Real Estate; Condos; Townhomes: 5+ Unit Apartments; Mixed-Use Properties

 

LTV:

Purchase: The lesser of up to 75% of the As-Is Value or Up to 75% Loan-to-Cost
Refinance: Up to 70% of the As Is Value
Cash-Out: Up to 65% of the As Is Value

 

Term:

24 Months (12 month extension available)
*(An extension fee applies)

Minimum Property Value:

$25k

Loan Amount:

$25k – $2.5M ($1M max per unit)
 

Minimum FICO:

660

Rates:

As low as 7.99%

Rent Coverage Ratio (Monthly Rent/Monthly Interest):

1.25

Buy-To-Rent Loan Program Typical Leverage & Rates

Moderate Credit

660-680 FICO

Purchase: Lesser of Up to 65% of the As-Is Value or 65% of the Loan-to-Cost

Refinance: Up to 60% of the As-Is Value

Cash Out: Up to 55% of the As-Is Value

Good Credit

680-699 FICO

Purchase: Lesser of Up to 70% of the As-Is Value or 70% of the Loan-to-Cost

Refinance: Up to 65% of the As-Is Value

Cash Out: Up to 60% of the As-Is Value

Excellent Credit

700+ FICO

Purchase: Lesser of Up to 75% of the As-Is Value or 75% of the Loan-to-Cost

Refinance: Up to 70% of the As-Is Value

Cash Out: Up to 65% of the As-Is Value

 

Final loan terms may vary based on loan types, verification of application information, and other risk-based factors.

RENTAL FINANCING (Long Term Financing)

Looking to Purchase a Property to Hold for as a Rental Property?

The Money Spartans Financial Group is committing to your future investments with our Long-Term Rental loan program. This program offers a 30-year term and rates starting at 5.00% to ensure that our customers have true long-term financing options.

 

Loan Criteria Collateral:

Non-Owner Occupied 1-4 Family Real Estate; Condos; Townhomes; Planned Unit Development (PUD)

 

LTV:

Purchase: Lesser of up to 80% of the As-Is Value or Up to 85% Loan-to-Cost
Refinance: Up to 80% of the As Is Value
Cash-Out: Up to 75% of the As Is Value

 

Term:

30 Years

 

Property Values:

“As Is” Appraised Value Must Be $70k or Greater (Geographical Restrictions May Apply)

 

Loan Amount:

$25k – $2M

 

Rates

As low as 5.00%

 

Debt Service Coverage Ratio (DSCR):

0.70 or Greater

 

Minimum FICO:

575

 

Long-Term Rental Loan Program

Purchase or Refinance

FICO                                 Maximum Loan-to-Value (LTV)                  Maximum Loan-to-Cost (LTC)

 

680+                                Up to 80% of the As-Is Value                           Up to 85% Loan-to-Cost

660 – 679                         Up to 75% of the As-Is Value                           Up to 80% Loan-to-Cost

640 – 659                         Up to 70% of the As-Is Value                           Up to 75% Loan-to-Cost

620 – 639                         Up to 65% of the As-Is Value                           Up to 70% Loan-to-Cost

600 – 619                         Up to 55% of the As-Is Value                           Up to 60% Loan-to-Cost

575 - 599                          Up to 50% of the As-Is Value                           Up to 55% Loan-to-Cost

Cash-Out

FICO                            Maximum Loan-to-Value (LTV)

680+                               Up to 75% of the As-Is Value

660 – 679                        Up to 70% of the As-Is Value

640 – 659                        Up to 65% of the As-Is Value

620 – 639                        Up to 60% of the As-Is Value

600 - 619                         Up to 50% of the As-Is Value

575 - 599                         Up to 40% of the As-Is Value

Final loan terms may vary based on loan types, verification of application information, and other risk-based factors.

 

MULTI-FAMILY FINANCING (Short Term Bridge & Fix and Flip)

Looking for Financing Specifically for Multi-Family & Mixed-Use Properties?

 

The Money Spartans Financial Group offers short-term bridge financing as well as fix and flip financing for 5+ unit apartments & mixed-use properties.

 

Loan Criteria Collateral:

Multi-Family Apartment Buildings (5+ Units); Mixed-Use Properties (Residential Space is Great than 50% of Square Footage)

 

LTV:

Stabilized Bridge
Purchase: Up to 75% of the As is Value
Refinance: Up to 72.5% of the As is Value
Cash-Out: Up to 70% of the As-Is Value

 

Term:

12 Months (6-Month Extension Available)

 

Loan Amount:

$250k – $5M ($1M Max per unit)

 

Fix & Flip

Purchase: Up to 80% of the Purchase Price + 100% of Renovation Costs
Refinance: Up to 70% of the As-Is Value + 100% of Renovation Costs
Cash-Out: Up to 67.5 of the As-Is Value + 100% of Renovation Costs

 

Minimum Property Value:

$25k per Door
(Subject to Increase Based on Location)

 

FICO:

600 Minimum

ARV Loan Program Typical Leverage & Rates

Stabilized Bridge

MAXIMUM LOAN-TO-VALUE

​                          

                          Purchase                           

    Up to 75% of the As-Is Value

 

Refinance

      Up to 72.5% of the As-Is Value

 

Cash-Out

     Up to 70% of the As-Is Value