DID YOU HEAR THE NEWS |
RESIDENTIAL & COMMERCIAL STATED LOANS ARE BACK!
- No personal financial docs required
- No limit on number of properties owned
The application process is simple with fast answers. Send us the following:
- 1003 or any Loan Application
- Credit Report
- Use of proceeds
- Property Financials
- Loan Amount $50,000 to $2,000,000.00
- Loan Term 1 to 5 Years
- Rate 12% to 15% or 30 year fully amortizing STARTING @8%
- Prepayment Penalty None or 5,4,3,2,1
- Maximum LTV 70%
- Minimum Property Value $50,000
- Credit Scores Minimum Score 400 (650 for deals or 250K)
- Property Types 2-4 unit property (1 unit min loan amount is 100K)
5+ Multi-Family
Mixed Use
Office/Warehouse
Retail (Strip or Center)
Motel/Hotel
Garage/Storage
Small Commercial
Auto Body/Auto Repair
SMALL COMMERCIAL REHAB LOANS also AVAILABLE
- Multi-family Properties Only
- Minimum FICO is 600
- 1 year term, with renewal option
- Purchases: 50% LTV based on the Purchase Price + Cost of Improvements or Completion Value (whichever is less)
- Reimbursement draws, rehab funds released as work is completed
- Refinances 50% LTV on appraised value
- No seasoning required
- BPO’s done to keep the cost
For More Details Contact James J. Bullock
james@thathardmoneyguy.com
(Office) 330 832 5253 (Cell) 678 308 7480
Specializing in Residential & Commercial Hard Money Loans & Business Loans and Lines of Credit.
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