Here at Navigator Private Capital, we do our best to remain competitive in a crowded marketplace. We keep our rates low and our terms flexible.
We also strive for full transparency. That’s why we list all of our current rates and terms in matrices right on our website. Find the details by loan program here.
You will note that, for our single and multi-family fix and flip and new construction programs, we provide leverage up to 90 percent of the purchase price plus 100% of the estimated repairs. As an example, that means that if you buy a property for $200K and have a repair budget of $50K, we will loan up to $230K:
90% of $250K is $180K plus repairs of $50K = $230K total loan amount
But, to be completely honest, not every borrower will qualify for 90/100 financing. So, what do we look for?
Demonstrated Experience
Although we work with investors at all experience levels from newbies to seasoned pros, we can offer more leverage to those with a successful track record when it comes to renovating and flipping properties. To get 90/100 financing, we require at least 2 exits in recent years. We’ve made it easy for you to quantify your experience by filling out this form, available on our website.
Solid Financials
Although we don’t use your income to qualify you or require any certain time period for the seasoning of your assets, we do like to see that you demonstrate good financial judgment. That translates to a solid credit rating and money in the bank. For 90/100 leverage, we like to see a credit score above 680. We want to know that our money is in good hands.
No matter where you are in your real estate investing journey or how much experience you have, we can help you get where you want to go. Reach out to us at info@gonavcap.com or 888.444.3160 to find out more about the leverage and terms we can offer you.