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.
***Please keep in mind that the interest rates listed below are NOT literal meaning that they may be higher or lower depending on your experience level. The more deals that you've done; the better your rates will be. If you are new to real estate investing, the interest rates more than likely will be higher. ***
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
Please email us the following documents to start if you're buying as an individual : info@moneyspartansfg.com
1) The Hard Money Application below
2) A copy of a 3 bureau report from a paid credit reporting bureau
3) Property Information
4) Needs a 660 credit score min
If you're buying as an LLC:
1) Picture of Driver's License
2) 2 months of full bank statement
3) W-2(s) and/or Tax Returns for the present year
4) Last 2 paystubs
5) Appraisal
6) A copy of a 3 bureau report from a paid credit reporting bureau
7) Needs a 660 credit score min