This hard money lender will do primary residential loans which are somewhat rare.
Similar to a Business Purpose Mortgage Loan
Purpose: Purchase, Refinance, and Rate & Term and Cash out, Refinance – Cash Out in hand $2,000,000, Construction, Bridge Loan, Blanket Loan
Jumbo Loan Amounts: $125,000 to $5,000,000
This hard money lender will do primary residential loans which are somewhat rare. This program is Similar to a Business Purpose Mortgage Loan
Eligible property types: Single Family Residence SFR, 1-4 Unit residential, Condo, commercial
This hard money lender specializes in providing primary residential loans, a unique offering within the lending industry. These loans mirror the features of Business Purpose Mortgage Loans, catering to a variety of purposes including purchase, refinance, rate & term adjustments, and cash-out refinancing. With a maximum cash-out refinance limit of $2,000,000, borrowers have significant flexibility in accessing their equity.
In addition to primary residential loans, this lender offers financing options such as construction loans, bridge loans, and blanket loans, with loan amounts ranging from $125,000 to $5,000,000. This diverse array of loan products allows borrowers to address various financial needs effectively.
Eligible property types for these loans include single-family residences (SFR), 1-4 unit residential properties, condos, and commercial properties. This comprehensive eligibility criteria ensures that borrowers can utilize these financing solutions across a wide range of property types, making them a versatile option in the lending market.