- 949-232-9569
Private money Loans refer to the money being lent by a private party or institution that specializes in the financing of non-owner occupied residential investment properties. Borrowers who cannot get conventional financing due to a recent foreclosure or short sale can still obtain a hard money loan if they have sufficient equity in the property that is being used as collateral.
● Must be 18 years or older
● U.S. Citizens
● Green Card Holders (non U.S. Citizen)
● H-1B Visa & EAD Card Holders (non U.S. Citizen)
When the banks say “No”, the hard money lenders can still say “Yes”.
| LENDING CRITERIA | 1 YEAR | 2 YEAR | 4 YEAR |
|---|---|---|---|
| LTV MAX | 75% - 90% | 75% - 90% | 75% - 90% |
| FICO REQUIREMENT | NONE | NONE | NONE |
| PROPERTY TYPES | SFR/1-4/5+/CONDOS | SFR/1-4/5+/CONDOS | SFR/1-4/5+/CONDOS |
| CURRENT FEES | $1,490 | $1,490 | $1,490 |
| PRE-PAYMENT PENALTY | 4 MONTHS | 12 MONTHS | 24 MONTHS |
| TERM EXTENSION FEE | 1 POINT / 6 MONTHS | 1 POINT / 6 MONTHS | NONE |
| LOAN AMOUNTS | $100K - $5MM | $100K - $5MM | $100K - $5MM |
| CLOSING TIME FRAME | 5-10 DAYS | 5-10 DAYS | 5-10 DAYS |
| COLLATERAL | CROSS COLLATERALIZATION & BLANKET OPTION | CROSS COLLATERALIZATION & BLANKET OPTION | CROSS COLLATERALIZATION & BLANKET OPTION |
Private money Loans refer to the money being lent by a private party or institution that specializes in the financing of non-owner occupied residential investment properties. Borrowers who cannot get conventional financing due to a recent foreclosure or short sale can still obtain a hard money loan if they have sufficient equity in the property that is being used as collateral.
● Must be 18 years or older
● U.S. Citizens
● Green Card Holders (non U.S. Citizen)
● H-1B Visa & EAD Card Holders (non U.S. Citizen)
When the banks say “No”, the hard money lenders can still say “Yes”.
| LENDING CRITERIA | 1 YEAR | 2 YEAR | 4 YEAR |
|---|---|---|---|
| LTV MAX | 75% - 90% | 75% - 90% | 75% - 90% |
| FICO REQUIREMENT | NONE | NONE | NONE |
| PROPERTY TYPES | SFR/1-4/5+/CONDOS | SFR/1-4/5+/CONDOS | SFR/1-4/5+/CONDOS |
| CURRENT FEES | $1,490 | $1,490 | $1,490 |
| PRE-PAYMENT PENALTY | 4 MONTHS | 12 MONTHS | 24 MONTHS |
| TERM EXTENSION FEE | 1 POINT / 6 MONTHS | 1 POINT / 6 MONTHS | NONE |
| LOAN AMOUNTS | $100K - $5MM | $100K - $5MM | $100K - $5MM |
| CLOSING TIME FRAME | 5-10 DAYS | 5-10 DAYS | 5-10 DAYS |
| COLLATERAL | CROSS COLLATERALIZATION & BLANKET OPTION | CROSS COLLATERALIZATION & BLANKET OPTION | CROSS COLLATERALIZATION & BLANKET OPTION |
