Loan Programs
Hard money loan
Low documentation needed, based on asset value. Purchase, Refinance and Cash-out refinance.
Takes up to 10 days to close.
Up to 80% loan to current appraised value.
12–24-month term.
Interest rates 9% to 15%
Interest only payments with balloon payment at end of term.
Credit – all scores considered, open bankruptcies are ok.
Minimum loan amount $200,000.
Residential and Commercial with Rehab
Fix & Flip and New Construction.
Single family, Commercial and multifamily properties/Apartments.
Up to 90% of the purchase price.
Up to 100% of the rehab budget.
12-to-24-month terms.
2 – 3 weeks closing.
Interest rates from 7.99% to 12.99%
Credit 550+
Minimum loan amount $200,000
Land Loans
Up to 70% of current appraised value.
Prefer near major cities.
12-to-36-month loans.
10-12% interest only payments.
500 credit and above.
Minimum loan amount $150,000.
Conventional Real Estate Loan
Full documentation loan. Purchase, Refinance and Cash-out refinance.
Takes 20-30 days to close.
Up to 90% loan to current appraised value.
30-year term.
Interest rate 4.75% to 6.50%
Documents required: last 2 years business and personal tax returns. Appraisal and environmental analysis.
Credit 650+ required.
Minimum loan amount $250,000.
Stated income Real Estate loan
No tax returns required. Purchase, Refinance and Cash-out refinance.
Takes 20-30 days to close.
Up to 85% loan to current appraised value.
30-year term.
Interest rate 6.99% to 9.75%
Credit 650+ required.
Property must be rented or ready to rent with no rehab needed.
Minimum loan amount $250,000
Revenue Based Loan
Based on your business cash flow, fastest, easiest loan on the market for a client to obtain immediate funding.
We would our application (it is attached).
6 months of most recent business bank statements.
6 month most recent credit card processing statements ( if you take credit cards).
Funding approval within 24 hours and if you like the terms funding next day.
Rates from 12.99%
Minimum Requirements:
– 3 months in business.
– business checking account.
– minimum monthly revenues of $8,500.
Typical approval amounts are 1.5 times average monthly revenues.
Business Term Loan
Takes 3-4 weeks for funding – SBA loan alternative.
Annual Interest Rates Start at 5.99%
Low Monthly Payments.
Terms.
