Unlocking Your Financial Leverage: Exposure Line of Credit
Ever feel like you’re just one step away from unlocking your full real estate investment potential? Would you like to successfully do multiple projects at once? Well guess what? Our Exposure Line of Credit at Kram Capital might just be the key you’ve been searching for!
Here at Kram Capital, we get it. Real estate investors like you need easy access to capital to take your Fix 2 Sell, Fix 2 Rental/BRRRR game to the next level. Our real estate investor Line of Credit makes it super easy to acquire properties quickly, all while keeping those loan costs competitive.
Let’s explore how we can make your real estate investment goals a reality.
How can a line of credit help me?
With a Line of Credit, you gain the ability to secure multiple property loans, each attached to a specific property. Each property with a loan is the collateral. Your Line of Credit is available for 12 months from the date of loan closing.
What is the max eligible loan amount?
To qualify for a Line of Credit, the borrower or guarantor must demonstrate liquidity to meet closing cost (including third party fees) and minimum reserves requirements. Liquidity is a vital component, and borrowers are required to provide proof they have access to cash.
For those investors who have completed over 10 investment property projects in the past 36 months and meet the credit and liquidity requirements may be qualify for up to 90% Loan to Cost (LTC). Meaning your down payment is 10% of the purchase + cost repairs (rehab budget).
Investor Line of Credit Renewal or Line Increase:
Your approved Exposure Line of Credit is good for one year. Renewal is necessary to maintain your eligibility for property loans against the line in the future. When the time comes, we’ll just ask each to provide us with their most recent bank statements, credit reports, and Personal Financial Statements (PFS).
Consideration for a Line amount increase can be explored after three months from the previous Line of Credit Approval.
Commitment to Your Success:
At Kram Capital, we’ve got your back every step of the way, making sure your financial journey stays in sync with your changing goals. We carefully review any significant shifts in liquidity, net worth, experience, and more, all aimed at bolstering your financial position and operational success.