NOTE: Funds allocated to repairs are held back in escrow by REI Bankers,
LLC and reimbursed to the the borrower in three equal draws after proof of
repairs and paid receipts have been submitted, reviewed and approved.
Fee Structure
INTEREST RATE
12.99% Interest Only
ORIGINATION FEE
2.99% Of Loan Amount
PROCESSING FEE
$1,000 + $400 Valuation Fee
DRAW FEES
$200 Per Draw
Other Costs
Builders Risk & Liability Insurance - Prepaid
Lender's Title Insurance
Settlement Fees
Prepaid Interest - If Applicable
DISCLAIMER: This document is not a loan offer. Terms and conditions listed above are only an example of a typical loan structure from REI Bankers, LLC. Every loan application is subject to underwriting, and loan terms are structured on a case by case basis based on risk analysis and other factors. Funds allocated to repairs are held back in escrow by REI Bankers, LLC.
