KickStart Funding provides fast and creative financing solutions for today's investor, making finding funding the easiest part of any real estate deal. An excellent alternative for investors who don't meet the rigid requirements and guidelines of conventional lenders, KickStart Funding gets money into deals without performing rigorous and time-consuming credit or background checks. When you work with KickStart Funding, you benefit from quick decisions, fast turn-around, and the comfort of knowing that you are working with a lender that works as fast and creatively as you do!
No Credit Checks Necessary (EVER)
We pride ourselves in giving all real estate investors access to the capital necessary to build their real estate portfolios and investment careers. That's why we lend on the asset and not a person's past credit history.
However… What if you have Good-to-Great Credit?
Although we don't punish you for having an awful or mediocre credit score, we do reward you for having great credit. It's called The KickStart Funding and it's providing borrowers with great credit scores and access to cheaper money!
It's All Based on a Tiered Model
Every loan application is assigned a KickStart Funding Tiered Rating. Through our proprietary system, which allows us to maintain consistency in our evaluation, KickStart Funding Tiered Ratings permit potential investors to easily consider a loan application's level of risk. There are four (4) tiers and they include
680 - 719
620 - 679
The Credit-Based Pricing Model: Credit-Based pricing begins with a credit check. FICO score will determine the pricing TIER. Product add-ons/deductions will apply.
- Credit Score
- Number of Previous KickStart Loans Paid Off
- Number of Performing KickStart Loans
- Defaulted Loans
A credit score of 720 or higher will put the borrower in Tier 1. A credit score of 680 to 719 will put the borrower in Tier 2. A credit score of 620 to 679 will put the borrower in Tier 3. A credit score of 619 or less will put the borrower into Tier 4.
Each tier has an assigned rate and point percentage.
Your credit score will also dictate whether you need to supply us with verifiable asset statements. If you fall into the first top tiers, your reputational capital speaks for itself and we go off of stated bank financials. If you fall in the bottom two, we'll still need 3 months of verifiable bank statements. Credit is pulled on all tiers except for the final tier. If you don't want your loan based on your credit score, we won't pull credit and you'll fall into the fourth tier until you can prove your worthiness through closed and performing loans with KickStart Funding
All KickStart Funding Loan Terms and Property Requirements Still Apply with the Tiered Pricing:
- 1st Trust Deed lending only
- Credit used only to utilize a rate reduction
- Interest Only Loans
- Minimum Loan Amount = $15,000
- 3 to 24 Month Terms
- No Pre-Payment Penalty
- Verified Income Requirement: Down Payment, Construction/Rehab Costs, Closing Costs, and 3 Month Reserves
- Cross-Collateralization Allowed
- Non-Owner Occupancy only
- Property Types: SFR, Duplexes, Triplexes, 4-plexes, Condos, Town homes, MFH's
- Clear title required
- 1 year hazard insurance premium paid at closing
- 3rd party independent appraisals by approved national company (ordered internally)
- "As-Is" values accepted only (no older than 120 days)
- Purchase Loan to Value cannot exceed the lesser of 65% or 80% of the purchase price (LTV lowered to 50% if loan amount is less than $25,000)
- Refinance Loan to Value cannot exceed 65% - LTV lowered to 50% if more than 10% of loan amount is received by borrower at closing
- No seasoning requirements on refinances, unless acquired by gift or Quit Claim in the last 12 months – then Max LTV is 50%
- Cross-collateralization – LTV's remain the same when all properties are the same transaction type. Multiple transaction types require LTV's to be calculated separately for each property type
Investor Cash Club Members
1. KickStart Funding funds qualifying residential deals at up to 100% of the purchase price plus the rehab costs; not to exceed 50% of the as-is appraised value of the property being financed.
2. 2 - $500.00/off at closing coupons to use on your first 2 deals.
Purchase Price: $45,000
Rehab - $10,000
As-Is Value: $ 100,000
In this scenario we can provide 100% of the purchase price plus $5,000 towards the rehab or $50,000 in funding.
Example on Funding for Purchase:
Tom is buying an investment property for $100.000. He plans on holding this property for a rental. The: As‐Is Value came in at $130.000. The property needs no rehab. How much will KickStart Funding lend on this transaction?
Purchase Price: $100.000 x.80% = $80.000
As‐Is‐Value: 130.000 x .65% = $87.750
KickStart Funding will lend Tom the lesser of the two is this case Purchase Price $80.000
Total Cost/month @ maximum rate of 15%: $12.000, (based upon 12 month term) = $1,000/month interest only.
Required from client: 20% down, closing costs, & rehab (if needed)
Acceptable 2nd’s = Cash, another lender/partner, free & clear assets (excludes Raw Land) to use for cross collateralization, and/or Seller Carry‐Back) Appraisal Cost: $350‐$450 depending on state (required prior to closing)
Example on Funding for Refinance:
65% of the As‐Is Value (funds will be placed in escrow with a scheduled draw for rehab on property)
Mike has a free and clear property rental property that he is looking to get rehabbed. Mike is looking to place the property on the market and sell. The property has an As Is Value for $66.000. Mike has reached out to KickStart Funding and is looking for a $35.000 loan to complete his project. How much is KickStart Funding going to lend Mike?
As‐Is‐Value: $66.000 x .65% = $42.900
KickStart Funding will lend Mike $35.000 needed to complete his project. (Placed in escrow with scheduled draw)
Cash-Out Refinance: 50% of the As-Is Value
Beth is looking to pull money out of a free and clear property. Beth is planning to use the funds to pay back taxes and use the remaining funds to go shopping at the foreclosure auction. Beth has a property with an As‐Is Value for $125.000. How much is KickStart Funding going to lend Beth?
As‐Is‐Value: $125.000 x .50% = $62.500
KickStart Funding will lend Beth $62.500
Example of Funding for Cross Collateralization:
Purchase Price: $80,000
As-Is Value: $99,000
Rehab Needed $15,000
Refinance of Free & Clear Property (Collateral)
50% of Value: $35,000
$64,000 – Funded By KickStart Funding towards Purchase
$35,000 – Funded by KickStart Funding (Free & Clear Property 50% of Value)
$99,000 – Total Loan Amount w/Purchase & Asset
$99,000 – Loan
$80,000 – Purchase
$19,000 – Left Over
$15,000 – Rehab
$4,000- Left Over after Escrow Rehab to use towards closing costs
ARV – Refinance
(After Repaired Value)
KickStart Funding will lend up to 55% ARV
All Rehab funds will be held in escrow
No Cash Out
6 Month Terms
Sam has contacted KickStart Funding and is looking for a loan to refinance a property for repairs. Sam is looking to fix this house and sell it. Sam needs $20,000 in repairs. The as-is-value is $15.000. The ARV is $60.000. How much can KickStart Funding lend Sam?
55% of Value: $33,000 Funded by KickStart Funding
ARV – Purchase
(After Repaired Value)
Two Loans (1st and 2nd)
All Rehab Funds Will be Held in Escrow
No Cash Out
6 Month Terms
Borrower Performance Guarantee Will Apply
80% of Purchase Price or 65% of As-is-Appraisal, whichever is the lesser of the two
Will be the remaining difference up to 55%ARV
Take the 55% ARV value and subtract the 1st Loan Amount from it. This will be the second loan amount
Cindy has contacted KickStart Funding and is looking for a loan to purchase a property. Cindy is look to fix and flip this house. The Purchase Price is $65.000. She needs $20.000 in repairs, The As-Is Value is $75.000. The ARV is $150.000. How much can KickStart Funding lend Cindy?
As-Is Value: $75.000
Purchase and Rehab of Property
As-Is-Value: $75.000 x .65%= $48.750
ARV $150.000 x .55% = $82.500 - $48.750 = $33.750
$48,750 – Funded By KickStart Funding towards Purchase
$33.750 – Funded by KickStart Funding (Held in Escrow for Rehab of Property)
$82.500 – Total Loan Amount w/Purchase & Rehab)
$48.750 - 1st Loan
$33.750 - 2nd Loan
$82.500 Total Loan Amount
Other Fees Apply Consult Your Loan Officer For details
Ask About Our Logical Lending Program
Purchase & Rehab Funding
(Rehab Funding pertains to habitability and/or Occupant Move-In Issues)
PLEASE KEEP IN MIND ON FUNDING PURPOSES – WE BASE OUR TRANSACTIONS ON EQUITY DEALS & HOW THE PROPERTY SITS AS-IS!! ARV LENDING ONLY COMES INTO PLAY ON THE DEAL TO MAKE SURE YOU WILL MAKE $$$ AFTER YOU FLIP THE PROPERTY AND NOT TOWARDS FUNDING!! WE CAN MAKE EXCEPTIONS ON ARV, IF YOUR DEAL MAKES SENSE AND HAS AN APPRAISAL TO SHOW IT.
My name is Richard Doucette President of KickStart Funding LLC, We have funding available for you nationwide and can fund your deal quickly. We typically have 20-30 day turnaround time on most transactions!! I’m always available by phone as well 904-806-3305. We can do commercial deals, and have information available at your request. We want committed borrowers and want to build long term relationships. I Look Forward to Making It Happen For You! Have a great day