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					                Two way Cash out Refinance Program with GFCU (example- Lendon)
            Day -30                             Day -5                  Day 1                         Day 2

      • Offer is accepted                • Transfer Private      Purchase                      Refinance
      by bank                            Investor funds          property $78,000              property for 80%
                                         ($78,000) to                                          of purchase
      • Start 1st REFI                   purchase property       Total cash tied up to         ($78,000= $62,400)
      paperwork w/ GFCU                  (10% rate of             this point $78,000
      for 80% cash out of                return)                                               Total cash tied up to
      purchase price (80%                                                                       this point $15,600
      of $78,000 =
      $62,400)


             Day 2-14                            Day 15-?                   Day +15


      • Rehab Property                   • Sign Lease Purchase       • Return private lender
      (use $22,000 of the                with Tennant                funds w/ interest
      $62,400 (refi amt)                                             $80,600 ($78,000+
                                         • Sign REFI paperwork
      return balance to                                              $2,600)
                                         same day as lease
      investor $40,000.                  (80% x $140,000=            • Return Balance to API
      • Begin 2nd REFI                   $112,400)                   =$31,800 ($112,400-
      paperwork w/ GFCU                                              $80,600)
      • Schedule appraisal                                           • Pay off remodel costs
      for day 15                                                     $22,000
                                                                     • Return Balance to API
       Total cash tied up to
                                                                     = $9,800 ($31,800-
        this point $37,600
                                                                     $22,000)



This is like a modified Day funding/ 4 month private lender

				
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