Hard money loans can be used for both commercial and residential properties.

Loans are usually up to 65% Loan-to-value (LTV) based off the After-Repaired-Value (ARV);

100% of acquisition/construction can be financed no problem;

Both residential and commercial properties are OK;

Low credit scores? No income?  That's OK too;

We welcome foreclosure/bank REO properties;

Interest only and "no payment" options are available;

All loans must be for business or investment purposes (sorry, no primary residences at this time);

We can handle cash-out refinances of land or existing structures;Contact us below...

 

Looking forward of doing a lot of business with your company

          Thanks!

Horace McKnight, CEO/President

Hard Money McKnight’s  Funding

108th   Street Queens NY 11375

Office: 718.218.5554 Residential Loans

Office: 917.740.4292 Commercial Loans

Fax      877.675.2960

hardmoneyhmck@yahoo.com

http://hardmoneyhmck.wix.com/hardmoneymcknight

 

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Comment by Eddie Starr on March 3, 2014 at 8:42pm

Hello, Mr.  Horace McKnight:

I'm a service-connected US Navy Veteran, who is trying to get back on his feet, after a harsh auto accident.

Saw your blog post here, and the following got my attention: "Low credit scores? No income?  That's OK too...Interest only and "no payment" options are available. 100% of acquisition/construction can be financed no problem.

There are a number of multifamily in my area, but I currently only have my disability as income, which isn't much. I'm looking at acquisitions...

Here are some examples of mobile home-rv parks I'm looking at:

Asking: $739,000. NOI $90,000. The Property has 13 units plus a house and one rented space.

Asking: 449,000. Gross income is about $60,000 per year ($300/unit), expenses at $10,000+/- per year gives an incredible net income of about $50,000 annually. Also has a 5 bay shop that is partially rented out. Water, garbage and taxes are the only expenses at $900+/- per month. Mobile home park is a grandfathered use. Park sits on 2+/- acres leaving 17+/- acres for another home site with beautiful views.

Deals range from $200k - $6M. Can you help, with my first, without me needing "skin in the game?"

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