Rehabbers

Private Money Lending Simplified

Billcutter Inc. funds rehab loans to buy distressed properties for non-owner occupied homes, small residential rental units and small commercial units. Billcutter funds all of California

• No Fund Control for Repairs
• No Junk Fees
• No Income Verification
• No Credit Fee
• No FICO Scores
• No Prepayment Penalties
• No Appraisal Needed

Billcutter Inc. can help you fund current or future acquisitions for:

• REOs,
• short sales,
• real estate auctions,
• trustee sales,
• distressed properties, and
• probate purchases

Loans

Rehab Loans | Bridge Loans | Flips | California | Investors Only

Billcutter provides rehab loans for non-owner occupied residential fixer-upper improvement projects in California.

Our client borrowers are experienced rehabbers who buy non-owner occupied properties at deep discount and repair them prior to reselling them at a profit, usually within 90 days to one year.

Fast Rehab Loans

A Billcutter loan is designed with the California rehab investor's financial goals in mind.

That means the funding process for rehab loans is fast and easy. One stop lending with one decision maker. No appraisal or credit report is needed.

In fact, this simple funding process enables you to close in as little as 4 to 5 days.

You will appreciate a steady, reliable source of rehab and bridge loans for your rehab property purchases and flips.

Remember: “We don’t want to fund one loan for you; we want to fund all your rehab projects!”

Same Day Pre-Approvals

We have the solution for some of the basic financing obstacles everyone faces.

For example, you need funds to purchase a distressed property you found. To add immediate value to your real estate investment, you probably need to make repairs and improvements before you sell it again. We fund 80% to 90% of purchase price so you can then fund your rehab project.

However, like many rehabbers, you may find yourself short on funds to complete the repair work. If you borrowed a portion of the price to buy the property, it may be difficult to find someone to take back a second mortgage.

Our lenders can provide short-term bridge loans to close the gap.

Same Day Pre-Approvals

Seasoned rehabbers understand the importance of securing timely financing for multiple projects and leveraging their investments.

Our successful clients leverage by using a portion of the funds for repairs and a portion to make down payments on additional properties.

After a down payment, they are eligible for another purchase financing. They create a continuous source of cash flow for down payment, funding, buying, fixing and selling properties.

First

Contact us after you buy the property, or before, and we will start the process immediately. We will fund your current REO or short sale through escrow.

Second

Next, we order a title report with our escrow company or we can use the current title and escrow applied for by the seller.

Third

Finally, we order docs that you sign with our local notary, and we are done.

Rehab Loans for Purchases

• Loan Amount: $100,000 to $3,000,000
• Funding Time: 4 to 5 days
• Term: 1 year
• Points: 2 Broker's Points
• No Junk Fees
• Rate: 8-1/2 - 12%
• Prepayment Penalty: None

Qualifications:

• Equity Required
• 1st Mortgages Only
• California Properties Only
• Non-Owner Occupied Only
• 20% Down Payment Required
• Reasonable Ability to Make Payments
• Realistic Project Exit Strategy Required
• Individuals, Corporations, LLC's, and Partnerships Eligible

Many Types of California real estate including:

• Single Family Residence
• Non-Owner Occupied
• Small Multi-Family (4 – 10 Units)
• Small Commercial Properties