TYPE OF PROPERTIES THAT FIT OUR CRITERIA FOR RESIDENTIAL FUNDING
As long as your property fits within our criteria we will most likely be able to work with you.
- Non-Owner-Occupied Properties
- The loan amount will not exceed FHA cap
- Residential 1-4 units
- Properties with 5 bedrooms and 3 bathrooms or less
- Properties with 2800 SQFT or less
- Properties with a lot size of ½ acre or less
FYI. Any other properties would have to be looked at and examined by our specialist.
New Investors
COGO’s Standard Membership
Any new investor even if this is your 1st deal.
We Offer:
- Non-Owner-Occupied Single Family Residential (1-4 Units)
- Investment Purpose: Acquisition, Cashout, Refinance, Rehab
- 90% of the Purchase Price, 100% of the Rehab Not to Exceed 65% LTV, and 100% of the Closing Cost
- 50% of the Cash-Out Refinance
- Interest Rates: 9%-15%
- Term: Short Term 3-24 Months
Experienced Investors
COGO’s Platinum Membership (for Experienced Investors ONLY)
This program is for Investors that have either Completed 4 deals with COGO Capital -or- Completed 8 deals with another lender and have proof of HUD statements within the past 24 months.
You must have either sold or refinanced to exit the loan in order to be eligible for this program.
We Offer:
- Flat 9.75% Interest Rate
- We can fund upto 100% of the Purchase Price, 100% of the Rehab Cost & 100% of the Closing Cost
- Lower Origination Fees (1pt No Rehab, No Cashout) & (2pts Rehab, Cashout)
- Max LTV of 75% with general appraisal
- Short or Long Term
- $500 Program Enrollment Fee