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Hard Money Loans We Finance
Construct & Develop - Rehab & Restore - Joint Ventures
Purchase or Refinance. - Rolled-In & Deferred - Credit Lines
Up to 100% financing, based on common sense underwriting - In most cases includes money for acquisition, escrow, and closing; but rarely carrying costs.
Collateral securitized by real estate
Income and non income producing properties
Asset driven regardless of credit
No sourcing or seasoning of funds or reserves
Foreign Nationals OK
Seller held seconds OK
Anywhere in the United States / Worldwide - on case by case basis
Real estate track record commensurate to project or team experience
Ability to demonstrate a business plan and exit strategy
24 month - 10% interest only - 4 to7 points - $350k loan minimum
Several properties may be bundled to meet minimum.
Close in corporate, business, or trust. No prepayment penalties
An LOI indicates conditions for release of funds.
Acceptance includes a refundable 1% commitment held by a closing attorney, title company, or escrow agent.
Residential - non owner occupied units, apartments, complexes, condo/coop conversions, assisted living
Retail, storage, industrial, office, medical, mixed use - buildings, complexes, centers
Land acquisition, development, construction, rehab escrows, bank workouts, foreclosures and bankruptcies
Purchase property using loan proceeds.
Acquisition & Development
Purchase and develop real property to an enhanced state.
Construct a building or for improvements of real property.
Rehab - Purchase
Rehabilitate real property to an enhanced state.
Fix & Flip
Make property ready for resale in short order.
Cash Out Refinance
Refinance to close out an existing loan.
Short duration borrowing until permanent financing is secured
For acquisition, cash out, buy outs, work outs, construction, rehab
Workout, Bankruptcy, Foreclosure
Temporary funding until sale of asset or institutional financing becomes available
Based on market factors and property analysis
Market value of nearby comparables based on recently sales within an area and time frame
Dollar amount it would cost to rebuild at current construction costs plus the value of the land
Income created by the asset based on occupancy
Value in current condition without construction or repairs
Loan to Cost (LTC)
Ratio between construction costs versus loan financing