LOAN TYPES & TERMS

LOAN TYPES & TERMS

We offer four (4) different loan programs: Fix & Flip, Bridge, Construction, Transactional, as described below.

 

We keep our rates competitive, which allows our investors the flexibility to find and close the right deal. Additionally, we understand that in this business, time is as valuable as money, so we make ourselves available at all times of the day, trim the unnecessary steps and ultimately ensure that we are able to close the deal as fast as reasonably necessary for our investors.

For us, simplicity and efficiency is key to a successful lending operation. For those reasons, on all of our loans there are:

NO CREDIT CHECKS

NO PRE-PAYMENT PENALTIES

NO QUALIFYING

NO APPRAISALS

NO INTEREST DUE ON CONSTRUCTION FUNDS UNTIL ACTUALLY RECEIVED BY BORROWER

FIX & FLIP

This is our most popular loan and is ideal for investors need to quickly acquire a property with the intention of renovating or fixing the property to be sold at a higher price. Flexible pricing based on prior experience.

13.75% MONTHLY INTEREST PAYMENTS (CALCULATED ONLY ON AMOUNTS ACTUALLY RECEIVED)

0% INTEREST ON CONSTRUCTION MONEY

2-4 POINT ORIGINATION FEE

LENDERS TITLES POLICY REQUIRED

HAZARD/BUILDER'S RISK INSURANCE REQUIRED

6 MONTH TERM (WITH EXTENSION PROVISIONS)

UP TO 75% LTV

FLEXIBLE DRAW SCHEDULE

BRIDGE

Often times, investors need interim financing or rather a "bridge", which gives them time to achieve their next step. The terms of this loan are very similar to our Fix & Flip, but no funds will be allocated towards construction and instead a lump sum amount will be paid. We offer this loan for 6 months, but there is no pre-payment penalty if it is paid back sooner. This provides our investors with ultimate flexibility on a bridge. 

13.75% MONTHLY INTEREST PAYMENTS (CALCULATED ONLY ON AMOUNTS ACTUALLY RECEIVED)

2-4 POINT ORIGINATION FEE

0% INTEREST ON CONSTRUCTION MONEY

LENDERS TITLES POLICY REQUIRED

HAZARD/BUILDER'S RISK INSURANCE REQUIRED

6 MONTH TERM (WITH EXTENSION PROVISIONS)

UP TO 70% LTV

CONSTRUCTION

We provide hard money construction loans for investors building residential or commercial properties. The Construction loan program is great for investors who are purchasing a lot, or tearing down an existing home to build new construction.

13.75% MONTHLY INTEREST PAYMENTS (CALCULATED ONLY ON AMOUNTS ACTUALLY RECEIVED)

0% INTEREST ON CONSTRUCTION MONEY

2-4 POINT ORIGINATION FEE

LENDERS TITLES POLICY REQUIRED

SURVEY REQUIRED

HAZARD/BUILDER'S RISK INSURANCE REQUIRED

12 MONTH TERM (WITH EXTENSION PROVISIONS)

UP TO 70% LTV

FLEXIBLE DRAW SCHEDULE

TRANSACTIONAL

Transactional Funding is for wholesalers who are looking for a capital resource to facilitate a double closing.  This allows the wholesaler to make a profit on the property without having to actually purchase it. In most scenarios our client first puts a property under contract. While under contract, they find a new buyer to purchase for more than the seller is asking. We can supply funds to purchase this property, then simultaneously sell to the buyer you've lined up. 

3 POINT ORIGINATION FEE

SAME DAY CLOSING