Mentoring Program

Funding Program

This program analyzes deals that are submitted by our FR2R real estate investor network. This service is offered as part of the FR2R mentoring program that allows investors within our program to analyze and fund deals.

LOAN TERMS

Most loans will be 6 to 8 months in length of term; extensions will be available, possibly up to 25 months. All loans will be interest only. Origination fees will be 3.0-5.0%. There are no pre-payment penalties. The loan amount is a maximum of 70% loan to value (70% LTV). A mortgagee's title policy must be purchased at closing. From Rages 2 Rich's loans are 1st lien notes only, with 10% down pament. Rates, Terms & Fees.

Term: 60 Month

Payment Based On: 5 Year Fixed

Rate: 14%

Lender Points: 3.0 - 5.0

Prepay Penalty: 0

Other Fees: 

  • $100.00 Loan Application fee
  • $500.00-$600.00 (actual) Attorney Fee to draw lender docs
  • $1,000-1500 Lender fee for processing, underwriting and inspection.
  • Actual Prepaid interest, escrows (taxes and insurance), etc
  • Plus all other 3rd Party fees (Title policy, recording, survey... etc)

**Lower points structure available with 36 month prepayment penalty.

**All loans require full escrow and personal guarantee by borrower(s).

**All rates, points and fees subject to change without notice.

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