Marc Simpson with Peak Choice Capital. We are currently lending for residential investment properties including multifamily. If the Condo in the eastern shores is for investment purposes only, we would be glad to take a look. Below is some general information on our criteria. If it seems to be a fit, feel free to contact me directly.
Our Loan Terms:
Up to 3 years Terms
Interest only amortization
Cross collateral for higher amounts
Down payments of 20% - 25% of property purchase price
Up to 80% of purchase price (some cases 65% ARV)
Points/Rate dependent on collateral and borrower relationship
Personal guarantee require
This is more high risk lending which has rates starting at 9.99%-12%
Amounts: 50,000 and up
24-48 hour closings
No upfront fees or hidden cost
Discount mortgage notes, foreclosures, trustee sales, and other various notes.