2 new Rehab loans
by Tim Houghten
advantage of LTVs as high as 85% of the
purchase price. ZINC Financial will also
fund up to 70% of rehab costs. Loans can
be closed in as little as 7 days. Access
to the Velocity Program is reserved for
real estate investors with a track record
of flipping houses within 4 to 6 months;
and continue to have a strong continuing
relationship with ZINC. Newer investors
are able to begin by building a relationship
with ZINC via the firm’s other programs,
with the intent of earning access to the
Velocity Program.
ZINC Financial, a Clovis-
based private lender
launches two new rehab
loans for California and
Arizona Investors.
B
oth flippers and buy and hold
investors are about to find
financing for real estate deals
in California and Arizona
much easier to come by, and leverage
options far more attractive.
President of Clovis, Calif.-based
ZINC Financial, Todd Pigott has
announced the addition of two new,
very aggressive investor loan programs
for rehabbing and flipping or rental
residential properties.
According to the principal of this
direct California lender, high investor
demand, and “a strong exit strategy,”
has made rewarding experienced
rehabbers, with preferred private money
loan terms, a natural expansion of
already popular financing options from
ZINC Financial.
new buy and hold program
For those real estate investors focused on
long term wealth building and ongoing
passive income, ZINC Financial is also
rolling out a Buy and Hold Investor
Program for rental properties.
Specifically available for one- to four-unit
residential rental properties, this program
offers attractive rates and rehab funds for
acquiring distressed homes and bringing
them up to rent-ready condition.
Buy and Hold Investor Program
Highlights Include:
• Rates from 7.49%
NEW Velocity PROGRAM
• 5 year fixed rate loans
In an exclusive interview with Private
Money411 magazine, Pigott revealed
details of ZINC Financial’s new low
rate Velocity Loan Program…10% and
2 points.
Velocity is available to experienced
rehabbers who have completed two
fix-and-flip loans with ZINC, meeting
certain Velocity requirements. These
investors will receive preferred
terms for fixing and flipping houses
in California and Arizona. Through
reduced rates, rehabbers can achieve
a higher R.O.I., and enjoy even larger
profit margins. Pigott highlights a low
10% interest rate, with just 2 points
as providing investors access to some
of the best leverage in the industry in
years. Investors can use Velocity to take
Realty411Guide.com
• LTVs up to 80% of purchase price
Why ZINC is unique
If the above wasn’t reason enough for
fix and flip and buy and hold investors
to check out what ZINC Financial has to
offer, Pigott unveiled several other unique
advantages investors will find when
seeking access to private money working
capital. ZINC Financial offers NO pre-
payment penalties for their fix and flip
loan products, and can close in as little as
seven days. This is a result of ZINC being
a true direct lender, lending its own funds.
They are not a broker, who then has to
try and find individual investors for its
loans. This can be critical for those that
PAGE A7 • 2014
Todd Pigott
have used their own cash to put up non-
refundable deposits.
As a true direct lender ZINC Financial
is able to make fast, common sense loan
approval decisions that other lenders can’t.
Most lenders will not lend on deeply
distressed properties, and ZINC specializes
in this area. Whether it’s a short-term fix
and flip loan, or a long-term buy and hold,
ZINC has the private funds on hand to
close these transactions.
Most lenders won’t consider financing
for challenging transactions, such as:
• Flood damaged properties
• REO or foreclosure
• Extremely dated properties
• Fire damaged properties and burnouts
• Vandalized properties
• Unpermitted additions, etc.
• Probate properties
• Properties with inspection issues
Continued on pg. A18
reWEALTHmag.com