Los Angeles GAP Funding for Real Estate Investors

Investor Underwriting can provide up to to $500,000 in unsecured funds GAP Funding to close your next fix and flip, grow your acquisition team or make your phone start ringing with motivated sellers. Whether you’re an experienced investor or a first-time borrower in California, we are here to help you.

1. Competitive Rates  – As low as 7% interest with 10% origination
2. Time to Fund – Cash in your account in 7-14 business days
3. Dedicated – You will have a dedicated team available and on call
4. Easy – Send us driver license, 2 recent pay stubs and 2 years tax returns
5. Transparent – Final terms delivered within days of full submission

Overview

1. Unsecured
2. Lending in all 50 states
3. Purchase, refinance, cash out, rehab
4. Minimum loan amount: $50,000
5. Maximum loan amount: $500,000
6. Minimum FICO of 650 with income verification
7. Interest rates as low as 7%
8. 3-7 year terms available
9. Origination costs at 10%

Personal Documentation

1. Color copy of driver’s license (front and back)
2. W2 employee
   1. 2016 & 2017 W2 with 2 most recent pay stubs
3. Self Employed
   1. 2016 & 2017 1099s with 2 years personal tax returns
4. 3 months personal bank statements
5. Home utility bill dated under 30 days
6. Voided personal check

Funding Projections

1. W2 income minimum of $60,000-100,000 > $70,000-300,000 projected availability
2. W2 income over $100,000  > $120,000 – $500,000 projected availability
3. Self employed (NET) income $60,000-100,000 > $50,000-250,000 projected availability
4. Self employed (NET) income over $100,000 > $125,00-250,000 projected availability

Underwriting Requirements

1. No bankruptcies or collection accounts on credit report
2. Low credit utilization (35% or under)
3. Max 3 inquiries last 6 months (excluding mortgage)
4. Need minimum of 4 existing trade lines
5. Credit history dating back a minimum of 7 years

Timeline

1. Conditional Approval – 24 hours from application and introductory call;
2. Completed Application – 2 business day from accepted conditional approval;
3. Funding Amounts and Terms – 2 business days from receipt of completed application;
4. Loan Funding – 10 business days from accepted funding amounts and terms.