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Maricopa and Pinal County ONLY!
First Position ONLY!
DenSco will lend up to 60% to 70% of the value of property - Value considered after fix up is complete - Appraisal not necessary
MINIMUM of 15% to 20% down
Interest Rate is 18% per annum - Monthly interest only payments
90 to 180 Day Note
No Points, Fee, Closing Costs or Pre-Payment Penalties
Prepared Documents - Deed of Trust - Promissory Note - Personal Guarantee - Receipt & Mortgage (if necessary)
Title Insurance - Not necessary if home is purchased through Trustee Sale - Title Insurance (ALTA Policy) is necessary if bought any other way
Insurance - House must be insured a) DenSco Investment Corp must be named as Co-Beneficiary or Mortgagee b) Must cover replacement cost in case of fire c) Must have Liability - For Home: 100k recommended - If home has pool: 300k recommended
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