DIRECT PRIVATE LENDER - Questions about broker partnership?
Get in touch with our team at (949) 229 5155 or brokersupport@EBSC-LLC.com
Opening
Hours.
Mon - Fri: 9am - 5pm
​​Saturday: 10am - 2pm​​​
​​​​
​
​Contact.
18575 Jamboree Rd, Irvine, CA 92612.
(949) 229 5155.
info@EBSC-LLC.com
Fix &
Flip.
Fix-and-flip are short-term loans used by real estate investors to purchase and improve a property to then sell for a profit or refinance. These improvements range from minor renovations to a complete reconstruction of an existing home. The initial draw will be calculated based on the As-is Value of the Property and the renovation budget will be advanced in construction draws.
Standard Loan Terms
​
Max Loan Amount: $10,000,000 - $100,000,000
Max LTC/ARV (Loan to Cost / After Repaired Value):
– Experienced Investors: The Lesser of 90% LTC or 85% ARV.
– Inexperienced Investors: The Lesser of 80% LTC or 75% ARV.
Rates: Starting at 9.99%
Term of loan: 6-18 months
Payments: Interest Only with balloon at maturity.
Prepayment penalty: None
Standard Closing Costs
​
Origination Fee: 3-5%
​
Underwriting Fee: $1,500
​
Legal: $750 – $1,500
Appraisal Fee: $500-$950
​
Title Insurance and recording fees: 1%
(Approximate)
​
Standard Closing
Time.​​​
10 - 20 days.
​
EBSC Lending is a direct lender and does not rely on other institutions to close the loans. Once the title work and appraisal are ready, We will be too!