COST VERSUS BENEFIT Every month, we get hundreds of inquiries about 100% financing. Some ask if it’s for real, or even, “What’s the catch?” RFG’s promise: There is no catch. It’s simple math. Supplying a few extra documents can save you thousands. Here’s how. NO. 1 UNDERWRITING IS BASED ON COMMON- SENSE DECISIONS. You must show the income or cash flow to support your current debt plus your new 12-month loan. If you can’t supply tax returns and bank statements, then you’re not a candidate for 100% financing. We look beyond the bottom line you report for tax purposes to ensure you have enough free cash flow to cover your debt. NO. 2 THE RATE IS HIGHER FOR 100% FINANCING, BUT STILL, THE SAVINGS ARE SIGNIFICANT. A new or experienced investor might have to put 10% to 20% down on a typical short-term loan. With 100% financing through RFG, they could save $25,000-$50,000 at the closing table. Even if rates are 1.5%-1.75% higher, payments are only $500 to $1000 more monthly. At full term, that’s $12,000. Still cheaper! We don’t hide our higher pricing and require- ment for more documentation. But our 100% product is for investors to preserve cash and invest safely in real estate. • John V. Santilli is the chief revenue officer for RFG. He joined the company in July 2019 and is responsible for all opportunities connected to RFG, including expanding the company’s sales channels to maintain its position as a leader in rehab financing. Before joining RFG, Santilli had 25 years of lending and marketing executive leadership experience across multiple private and public marketing-dependent companies. He managed companies from startup to maturity, ranging from $2.5 million to more than $50 million in annual revenue. Santilli earned a master’s degree in management from the University of Pennsylvania and a bachelor’s degree in business administration with a concentration in marketing from Drexel University.
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