Hard Money Loans

	JDB Financial LLC www.jdbfinancialllc.com
	Hard Money April 15, 2009
Hard Money Programs .Residential Hard Money .Residential Hard Money over 200K .Commercial Hard Money What exactly is “hard money”? It’s a real estate loan you get from a non-traditional lender, secured by the property and often not by you. Hard money interest rates range from 14% to 20%. The lender also charges “points” (one point is one percent of the loan amount, usually financed into the deal), which can range from 1 to 10. Why would someone use hard money? Because hard money lenders are primarily concerned about the property you’re buying, and not solely about you as a person. Typically, hard money lenders will loan you up to 65% of the after-repaired value of the property. The benefit of using hard money instead of bank financing is that if you buy a property that is worth 65% or less of the after-repaired value of the property, you can get into the deal for little or no money down and get the funding to purchase and rehab your property. Hard money lenders are much easier to work with than banks.	Residential Hard Money    Submit Your Loan Today! Residential Hard Money (purchase/refi & rehab) Up to 100% of the cost as long as total cost doesn’t exceed 70% of the ARV. 680 score min. TN,NY,OH,PA,IL,KS,MO,IN Full Doc loan Strong programs in TX,GA,MI      Residential Hard Money over 200K    Submit Your Loan Today! Residential Hard Money Purchase or Refi No Credit Requirements (case by case) 200k to 5M Up to 75% All states     Commercial Hard Money    Submit Your Loan Today! Commercial Loans (purchase/refi & rehab) Loan Amounts from 25k and up Credit Scores as low as 600 Up to 75% LTV Seller Carry-Backs OK! Raw Land up to 30% LTV Bulk REO Loans 1M min-7M max No credit requirements 70% LTC Must be in primary market area Properties must have a 40% discount   Flash Cash As Low as 4% + 300 App Fee 48 hrs Closings POF Letter Provided   JDB CALL TODAY!     678 383 8438 MAILTO: info@jdbfinancialllc.com
	James

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