Terms & Conditions

You are not required to furnish W-2's, financial statements or income tax returns to get a loan. Your stated income and the ability to repay the loan based on your project are considered in approving you as a "Borrower".

• First liens only.
• Investment property only (No owner occupied properties).
• All loans are based on After Repaired Value (ARV).
• A lenders title policy is required.
• No appraisal fee – We evaluate the property value in-house.
• An appropriate insurance policy is required for the term of the loan.
• Minimum loan amount $50,000, maximum $1,000,000.
• Construction loans for the building of single family houses are readily available.
• We lend aquisition funds and construction money in draws.
• We do not charge inspection fees for the draws.
• We fund the draws within 24 hours of inspection.

 

RATES:

Rates vary from 9-18% per annum, interest only, depending upon collateral and loan structure.
6 to 10 points based upon the length, size and risk involved.

 

COLLATERAL:

Real estate only

 

TERMS:

6 months minimum and 2 years maximum.

 

PAYMENTS:

Monthly, interest only.