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About REZAMP
REZAMP is a Chandler, AZ based private lender offering loans in Arizona. They offer fix and flip hard money loans and loans for investments properties. They offer rates ranging between 11% and 15% and loans with a maximum LTV of 90%. The focus of their lending is for single family units.
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Loan Types Offered: Investment Property Loans, Fix and Flip Loans
Property Types Covered: Single Family
Areas Served: AZ
Licenses: NMLS # 1509986, AZ Mortgage Banker License BK-0937566
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Lending Guidelines for REZAMP
Below are the general loan guidelines published on the REZAMP website. Please confirm all terms and rates directly with the lender.
Investment Property Loans
Loan Amounts: N/A
Available Rates: 11% - 15%
Typical Terms: N/A
Points Charged: N/A
Max Loan-to-Value (LTV): 90%
Max Loan-to-Cost (LTC): N/A
Owner Occupied Allowed: N/A
Interest Only Loans: N/A
Prepayment Penalties: N/A
Minimum FICO Score: N/A
Time to Close: N/AFix and Flip Loans
Loan Amounts: N/A
Available Rates: 11% - 15%
Typical Terms: N/A
Points Charged: N/A
Max Loan-to-Value (LTV): 90%
Max Loan-to-Cost (LTC): N/A
Owner Occupied Allowed: N/A
Interest Only Loans: N/A
Prepayment Penalties: N/A
Minimum FICO Score: N/A
Time to Close: N/A -
Loan Examples
The following loans are for education purposes only. They do not represent actual loans executed by REZAMP.
Loan Example 1
Bonnie is an investor in Phoenix, AZ. She discovers a run-down property for sale and wants to renovate it and flip it for a profit. The property has a cost of $270,000 but she doesn't have the full amount so she takes out a hard money loan with REZAMP. Since the lender sets a 80% loan to value, Bonnie will be required to put 20% down and the amount of the loan will be $216,000. The parameters of the deal dictate a 9% note for 18 months. They also require a 2 point origination fee, which will also need to be paid upon closing.
Therefore, the borrower will need to contribute a $54,000 down payment in addition to paying a $4,320 origination fee. she will then pay $1,620 monthly to REZAMP. If Bonnie accomplishes her goal of a $391,500 sales price when the loan expires, she would pocket a gross profit of $88,020 after re-paying the principle and subtracting the money she paid at closing, the origination points, and the total interest payments.
Loan Example 2
REZAMP makes a loan to Antonio for a renovation project in Phoenix, AZ. The deal includes the following:
$250,000 sales price
60% loan to value (LTV)
6 month term
8% rate of interest
4% origination feeOnce the renovation project is finished, if Antonio sells the house for $350,000, the outcome would be the following:
$350,000 sales price
- $150,000 principle (60% LTV)
- $100,000 down payment (40% on 60% LTV)
- $6,000 origination fee (4% of the $150,000 principle amount)
- $6,000 interest payments (6 months x 8% interest)
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= $88,000 gross profit (does not include taxes or rehab costs) -
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