WHO CARES WHAT THE CREDIT IS LOANS!
Remember the good 'ol hard money times? I do! I once closed a loan for a borrower in jail.
Cannabis. Car wash. Strip Club. Auto. Night Club. Church. Farm. Banquet hall. Funeral parlor. Bar. Winery. Convenience store. Mines. Gas stations. Whatever…….
$500,000 to $2,500,000
Nationwide
Commercial or residential
No FICO minimum
No reserve minimum.
No DSCR
Purchase, re-fi, cash out
Investment or tenant property
50% to 55% LTV 1st position only
12 month term
12.99% to 14.50% - interest only.
Lender points: 5%
Doc draw fee $2,500 - upon loan approval
Must fund in LLC or corp – can be created in escrow
Lender ordered BPO for value – might need an appraisal depending on file review
Close in 6 to 12 business days - when you bring a full file
Standard comm'l or res loan app to get started
MSA 60,000
Just one of my sources... Got something that makes sense? Let's give it a try.
David Kindopp
hardloans@yahoo.com
916-507-9923