We have a nationwide asset based hard money loan program.  We do not look at income or credit on our hard money loans. These are for hard money investment projects or cash out on free and clear properties. We do not fund owner occupied except in California and Arizona.

We will lend as low as $40,000 BUT the contract price must be $50,000 or greater and the property must have an AS IS VALUE of $70,000 or greater. We do NOT lend on properties worth less than $70,000 AS IS and we do NOT fund purchases below $50,000. This does not include any repair cost.

Are terms are 6-12 Months, if this is a 5 unit plus or a mixed use property we have longer term loans to 48 months)

The interest rates are 12.5 to 18% (for 5 unit plus or a mixed use, and you want to provide credit we have other programs).

Loan to Value is typically 70% of purchase price or 65% of as-is Broker Price Opinion value (whichever is less) for purchases, and 50% to 60% of as-is BPO value for refinances

Acceptable property types are: 1-4 unit, 5+ unit and mixed use properties.

Hard Money Lending Area:  We are currently funding hard money loans in AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MN, MO, MS, MT, NC, NE, NH, NJ, MN, NM, NY, OH, OK, OR, PA, RI, SC, TN, TX, VA, WA, WI, WV and WY. We are in the process of adding additional states. Click here to apply now

Prepayment Penalty: None

No Credit or Income Requirements

Closing Time: Most loans close in 7-14 days

Valuations will be determined by broker price opinion.

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