REAL ESTATE FINANCING

We work with a number of different real estate lenders that offer financing to both new and experienced investors!

Our goal is to partner with you, the real estate investor, and get you the best financing options for your current project and put a plan together for you to get the best financing possible for your future endeavors.

HARD MONEY PROGRAM

BEST FOR: NEW INVESTORS, OR EXPERIENCED INVESTORS NEEDING TO CLOSE QUICKLY

Program Highlights:

We lend on both residential and commercial assets
We can close in 7-10 days (or sooner if necessary)
We can lend on traditional purchases, REOs, online auctions, and sheriff’s sales
We can provide a pre-approval letter upon request
Loans up to 65% ARV (after repair value) for both purchase and repairs
Loans up to 50% value on cash-out refinance
20% down payment on the purchase price (or we will consider any free and clear assets borrower may have as collateral, in lieu of down payment, and could also roll the fees into the loan amount)
Typical lender fees include 5% origination fee (or minimum $2,500), broker fee 2% and $1,900 closing costs
6-Month term, no prepayment penalty
Option to extend the loan at a 5% refinance fee (1st extension 6 months; 2nd and proceeding extensions 3 months)
15% annual interest rate
Interest-only payments made during the loan term, along with property tax escrow
For Borrowers that would like a repair escrow as part of their loan, we require a Scope of Work. We advance $3,000 at closing to get started, then Borrower will make a draw request based on completed work. Inspection and funding will be done within 24-48 hours of the request. Includes a $200 draw fee.