Bring your deals, scenarios, and questions as National Mortgage Professional Magazine presents a DealDesk featuring Acra Lending Rehab Loans. Acra BPL (Business Purpose Loan) division does bridge loans 1-29 units and the Non-QM long-term take-outs for those products. Their Bridge products are 12-24-month terms, Interest only with no prepayment penalty. Acra Lending will reward high FICO’s with additional leverage and pricing. They hold some of our paper, securitize the rest and have our own servicing department. On this DealDesk, Acra will discuss their zero-point options and how they allow for points to be charged on the exit to accommodate our partners. Acra Lending will allow outside appraisals if they are ordered through an AMC, this is huge in the rehab loan space.
Join Robert Jennings, Managing Director, Fix and Flip of Acra Lending as he helps you understand:
* Acra 12 -24-month term Bridge products (Interest only with no PPP)
* How we reward high FICO’s with additional leverage and pricing
* Our zero-point options and allowing for points to be charged on the exit to accommodate our partners.
Present your deals to Acra Lending, and let us help you close more Rehab loans today!
Source: NMP (nationalmortgageprofessional.com)