• Hard Money 5 Million Owner Occupied

    This hard money lender will do primary residential loans which is some what rare.

     

    Purpose

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    Purchase

    Refinance, Rate & Term and Cash out

    Construction

    Bridge Loan

    Blanket Loan

     

    Loan Amounts

    $25,000 to $5,000,000

     

    Property Types:

    SFR

    1-4 Unit residential and commercial

    Condos and townhomes

    Non-warrantable condominiums

    Mixed-use

     

    Occupancy:

    Owner Occupied

    Non Owner Occupied

     

    Eligible Borrower

    Foreign Nationals

    Foreign legal entities

    Probate OK

     

    Underwriter Notes:

    No seasoning requirements for foreclosure, bankruptcy, short sale, notice of default, notice of sale

  • Hard Money Super Jumbo Florida

    Hard Money Super Jumbo

    Residential Hard Money

    Purpose:

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    Purchase, Rate&Term Refinance

    Cash Out Refinance

    Bridge loans

    Blanket loans

    Rehab

    Foreclosure avoidance OK

    Occupancy:

    Non Owner only

    Super Jumbo Loan Amount:

    $3,000,000

    Property Types:

    Condo

    High Rise Condos

    Non-warrantable Condos

    1-4 Units

    Eligible borrowers:

    Foreign Nationals

    Foreign corporations

    Non-resident alien

    Legal Entities:

    Corporations

    LLC's

    Trusts

    States:

    Florida only

    Underwriting notes:

    Purchase seasoning not required for cash out refinance

     

    Ref #155524012115

  • Investor Loan - No Doc

    No Income No Asset Verification

    Foreign Nationals - OK

    Unique mortgage loan program designed for the Residential Real Estate Investor.

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    This is a Private Money lender that has funded thousands of loans nationwide.

    Private direct lender specializing in Single Family Residences up to 1-4 units. Multiple loans for investors in all 50 states, One of the good things about this lender is they have over 25 years of real estate investing experience; they know how to underwrite a loan because they understand the residential real estate investment market because they themselves have bought and resold nearly 15,000 homes and have originated more than 4200 loans since they were founded in 2002; loans for investors, by investors.

    This is a true No Doc hard/soft money lender with national reach. No Income-No-Assets-No Employment. Closings average 10 to 15 business days from application. Loan amounts down to $25,000 and up to $300,000, all No Doc and greater than $300,000 on a case by case basis.

    Credit Scores down to 580 or no score ok. Foreign Nationals also qualify. Investor can utilize this loan program for either a purchase or refinance. 30 day seasoning for cash out using new appraised value. This is a direct lender and they make all decisions in house with over $200,000,000 to lend. They also offer 3 year terms for borrowers with longer term projects as well as traditional bridge funding. Investor can close in a natural person name or business entity.

    This loan program only requires an application, payment for appraisal, 2 forms of ID and or corporate documents if applicable, title commitment and homeowners insurance.

    Loan Program Guideline Overview and Highlights:

    No prepayment penalties

     

    Loan Purpose

    Flip Only Flip or Rent Flip or Rent Rent Only Rent Only

    Term

    6 months 60 months 36 months 36 months 36 months
    6 months interest only 5 years fully amortized 10 years due in 3 years 15 years due in 3 years 30 years

    Amortization

    Interest Only 5 years 10 years 15 years 30 years

    Loan-to-Value (LTV)

    70% of market value - Purchase | 55% of market value - Refinance $90,000 $90,000

    Minimum Property Value

    $40,000 - Purchase | $50,000 $90,000 $90,000

     Property Condition

    C1 - C5 C1 - C4 C1 - C4 C1 - C4 C1 - C4 

     

    Information on "C" property rating:

    http://www.freddiemac.com/singlefamily/sell/docs/uadreqs.pdf

    Loan Purpose

    Purchase

    Cash out refinance - 30 days seasoning required

    Credit Scores

    580 or no score OK

    Pricing is Credit Score driven

    Credit Criteria:

    Bankruptcy OK

    Foreclosure OK

    Short Sale OK

    Loan Modification OK

    Loan Amounts:

    Minimum loan amount: $25,000

    Maximum loan amount: $300,000

    Greater than $300,000 on a case-by-case basis 

    Maximum LTV

    70%

    LTV guidelines are based on the After-Repair-Value (ARV) 

    Property Types:

    SFR

    1-2 Units

    1-4 Units 

    Debt-to-Income (DTI)

    No Debt-to-Income considered

    No Income Verification 

    Income Documentation Type

    None

    Employment Type

    Not applicable

     

    Reference # 540 061715 21-9-19

  • Jumbo Hard Money to 3 Million 80% LTV

    High LTV Hard Money Jumbo Loan

    This hard money residential loan has a very high Loan-to-Value (LTV) ratio of 80%. Most hard money lenders max out at 65%, sometimes 70%. So 80% is huge. It can be used as a Fix and Flip, Blanket loan, Bridge loan, Construction Loan and can also bail a borrower out of any housing event; short sale, foreclosure, bankruptcy, Notice of Default (NOD), Notice of Sale (NOS). Below you'll see some underwriting highlights.

    Questions? 858-222-7534

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    Loan purpose:

    Purchase, Refinance and Cash out Refinance and Construction

    Blanket, Bridge and Fix and Flip

     

    Loan limits:

    80% LTV

    Maximum loan amount - $3,000,000

    Term: 12 months

     

    Property types:

    Single Family Residence (SFR)

    2-4 Unit

    Condos and Townhomes

    Non-warrantable Condos

    Manufactured homes

    Mixed Use 

     

    Unconventional property types:

    Dome homes

    Modern style

    Historical

    Log homes

     

    Non Owner Occupied only

    1-4 units

     

    States available:

    Alabama, Arkansas, Arizona, California, Connecticut, Florida, Georgia, Iowa, Illinois, Kansas, Massachusetts, Maryland, Maine, Michigan, North Carolina, New Jersey, New York, Ohio, Pennsylvania, South Carolina, Texas, Virginia, Washington, Wisconsin

  • Private Money 70% LTV

    Soft Money Program

    This means that the pricing is less than the traditional Hard Money type loan program. Discounted pricing with qualifying Credit Score / FICO.

    No Doc on Investment / Non owner occupied

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    Residential or Commercial

    LTV

    70% - maximum

    Loan Purpose

    Purchase or Cash out refinance

    Loan Amounts

    Minimum - $100,000

    Maximum - $10,000,000

    Property Types

    SFR - attached and detached

    1-2 Units

    1-4 Units

    5+ Units

    Occupancy

    Owner Occupied

    Non Owner Occupied

    Credit Scores

    Owner Occupied - case-by-case

    Terms available

    1 year ARM

    3 Year ARM

    5 year ARM

    Interest Only payment terms available

    Income Documentation

    No Doc

    Occupancy:

    Owner Occupied - Full Doc

    Non Owner Occupied / Investment:

     

    Underwriting notes:

    Must have valid social security number

    Foreign Nationals allowed

    Appraisal

    Appraisal paid for up front by borrower upon loan approval

    Appraisal ordered by lender

     

    States - nationwide