This type of lending is available on all types of real estate: residential, commercial, even land loans, construction loans and development loans! We Also provide Joint Venture partners to supplement the equity requirement in many Real Estate transactions.
Realistically here is what you can expect from private money lending and Joint Venture placement::
Loan to Value:
- Improved property: up to 70% of your property's value
- Land only: up to 50% of your land's value
Interest Rates: 10.9% - 14.9% (some restrictions apply)
Terms: Interest only loans or amortized over 20-30 years with balloons in 6 months to 5 years depending on your circumstances
Loan Amounts: $20,000--$20,000,000 or more we have programs for homeowner purchases and refinances to development acquisition loans. Call us to discuss your needs.
Private money lending is great for special circumstances such as having been turned down before; short time frames; corporate borrowers even if there are bankruptcies or foreclosures involved.
Here is all you need for a quote on your loan:
- Application
- Opinion of value
- Description of the transaction
It's that easy and fast. We can often close the same week you apply. (time frames for residential loans may differ due to Federal Disclosure Timelines)
Call now to discuss your transaction or apply online and we will assist you immediately.
|
