Private Loan
Private Loan
Direct Private Mortgage Lenders
— Fix & Flip — Cash-Out Refinance — New Construction — Commercial
- 80% LTV
- 65% ARV
- Nationwide
- Quick Closings
- 6-24 Month Terms
- Rates Starting at 8.25%
- 1-4 Family Residential
- REO/Short Sale Savvy
- 620 Minimum Credit Score
- Foreclosure Auctions
- Bank REO’s/Short Sales
- Mixed-Use & Commercial Properties
- Bridge Loans
- Speculator Friendly
- Non-Owner Occupied Properties
- No Debt Service Coverage
Landing Criteria | Residential (1-4 Family) | Multi-Family & Mixed Use |
---|---|---|
Max Loan-To-Value Ratio | 80% (Purchase), 70-75% (Refinance) | 75% (Purchase), 70-75% (Refinance) |
Construction Financing | Up to 90% | 620+ * |
Minimum Rates | 10% (8.25% in California) | 10.75% *8.75% in California |
Pre-Pay | 3-6 Months | 3-6 Months |
Loan Term | 12-24 Months | 12-24 Months |
Minimum Loan Amount | $100,000 - $5,000,000 | $100,000 - $5,000,000 |
*Exceptions may be granted on a deal by deal basis |
- Alabama
- Alaska
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- Delaware
- DC
- Georgia
- Hawaii
- Idaho
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- Indiana
- Iowa
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- Kentucky
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- New Hampshire
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