Hard and Private Loans
Hard and Private Loans
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NO EXPERIENCE - NO PREPAYMENT
NO EXPERIENCE - NO PREPAYMENT
Amount: $250,0000 to $5,000,000 not to exceed the max FHA cap per state per county.
LTV: Up to 90% Purchase + 90% Renovation NTE 65% of ARV, Cash-Out up to 50% of AS-IS
Rate: Starting at 8% (based on credit and experience)
Term: 12 months
FICO: No minimum
Experience: No minimum required.
Property Type: 1-4 SFR Units, Town-homes, Mobile Homes with Land
NOTE: Property MUST meet the lender's standards. See picture above
Appraisal Options: Standard or Renovation Report. Fees vary by state
Borrower Type: Investor Only; LLCs, Corporations and Limited Partnerships U.S. Citizens, Permanent Resident Aliens
Closing: Up to 4 weeks
Position: 1st only
Location: Mostly all states EXCEPT MN, NC NJ, NV, NY, SD, UT, VT
Reserves
Up to 6 months of PITIA.
Foreign Nationals with approved visa are welcome
SINGLE FAMILY
SINGLE FAMILY
Minimum Loan: $50,000
Minimum Property Value $50,000
Maximum Loan: $2,000,000
Purchase: Up to 90% of the Purchase Price + 100% of Renovation Costs
Term: 12 months
Refinance: Up to 72.5% of the As-Is Value + 100% of Renovation Costs
Cash-Out: Up to 65% of the As-Is Value + 100% of Renovation Costs
Credit Score - 620 or higher
Property Type: Non-Owner Occupied 1-4
Family Real Estate; Condos; Townhomes
Termination Fee: 1% After Month 9
ALL PROPERTY TYPES
ALL PROPERTY TYPES
$250,000 to $75 Million
Purchase, refinance, fix-and-flip, construction, development, bridge, and cash-out loans
No Appraisal < $500K
All Investor & Owner - Occupied Commercial Property even Special Purpose and Land
Rates Start at 5%
Up To 85% LTV
Credit Score from 650
Non-Profits are OK
Fully Amortizing Loans
No Prepay Penalty
Interest Only Available
Unrestricted Cash-Out (Minimum 1 year seasoning)
Expedited Closing Process
Flexible Underwriting
Full Appraisal
Recourse: Yes
Available in all 50 States + D.C. Rural locations accepted
APARTMENT, MULTIFAMILY, AND COMMERCIAL PROPERTIES
APARTMENT, MULTIFAMILY, AND COMMERCIAL PROPERTIES
Size: $1MM and up
Term: 6 months to 3 years (extension options available)
Interest Rates: 12% +
Origination Fee: 3.00% - 5.00%
Amortization: Interest only (deferred payments occasionally available)
Maximum LTV: 65% of as-is value
Credit Score: We have no minimum credit score requirements, but we suggest you bring the process of improving your credit so you can refinance into a conventional loan which requires a 650 score
Advantages
Loan amount determined by property value.
Fast closing process.
Limited borrower qualifications required.
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