That Hard Money Guy has the Bridge to Help Get Your Deal Closed!
Loan Types: First Mortgage’s on Real Estate Only
Loan Amounts: $50,000 to $25,000,000
Loan to Value: Up to 65% of appraised value
Loan Maturities: 6 to 60 months; extensions available
Amortization: Generally interest only for maturities less than 24 months
Loan Purposes: Purchase, refinances (rate/term & cash-out)
Properties Types: Non-owner occupied residential, multi-family, mixed-use, warehouse, office, retail, hotel, motel, churches, gas stations and more.
Locations: National Footprint
Interest Rate: 12%
Origination Fee: 5.5%to 8
Deposit Amount: Enough for appraisal, title, and legal. If the loan doesn’t close, any unused deposit amount will be returned.
REQUIRED DOCS:
- Residential App & 1003 or Commercial App & 1003
- Past 2 Federal Income Tax Returns
- Past 2 Months of Bank Statements
- Purchase Agreement (if purchase)
- Lease Agreements/Rent Roll (if applicable)
- Property financials (I&E Report)
- Corp or LLC Entity Documentation, including Articles of Organization and Operating Agreement. (Loan must be made to a Business Entity)
- Complete contact information for Title Co.
- Borrowers Authorization Form
- Copy of Driver’s license or Passport
- Hazard Insurance Binder (Coverage equal to replacement cost)
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