Note: We do not finance owner-occupied homes.
. Great Plains Funding, LLC- Elite
A. Great Plains Funding locates the property for client purchase: Great Plains Funding funds the loan which includes purchase price, closing costs of loan, repairs and interest payments for six months with a 35% split on overall profits upon final sale.
B. The investor locates property: Great Plains Funding funds the loan which includes purchase price, closing costs of loan, repairs and interest payments for six months with a 25% split on overall profits upon final sale.
“Overall profits” means the balance left after deducting initial purchase price of property all approved repair costs, interest and cost of final sale of property (see loan documents for further details)
A. The investor will apply for a loan under his company like any typical transaction through Great Plains.
B. Great Plains will charge a 15% interest rate and 5 origination points on all transactions plus other normal loan closing costs through the Elite program.
C. Great Plains Funding may refinance the transaction if the property has not sold under such terms as the parties and Great Plains Funding may agree.
The Benefit for the Investor
A. The Elite program will reduce the financial strain on the investor of monthly payments and repair costs during the initial 6 month term.
B. The investor will be able to work with less pressure and be able to rehab more properties throughout the course of the year
C. Great Plains limits its Elite program to 10 Clients at any one time to allow for excellent customer service and fast closings.
D. The Elite Clients will be required to rehab at least 7 houses a year in order to qualify for the program.
All transactions subject to approval and appraisal
Copyright © 2020 GreatPlainsFunding. All rights reserved.