For any potential clients looking for financing for projects please check out the snapshots below but you MUST meet the qualifications. These are true lenders who can actually help. if you have any project summaries you would like to submit please feel free. you will be put in touch directly. 

After Repair Value Loan Criteria

Collateral: Non-Owner Occupied 1-4 Family Real Estate; Condos; Townhomes: 5+ Unit Apartments; Mixed-Use Properties
Loan Amount:
$50k – $2M for 1-4 Family, Condos, & Townhomes
$250k – $3M for Multi-Family (5+)/Mixed-Use
Term: 12 months (6-Month Extension Available)
LTV:
Purchase: Up to 90% of Purchase Price + 100% of Renovation Costs; Not to Exceed 75% of the ARV
Refinance: Up to 75% As-Is + 100% of Renovation Costs; Not to Exceed 70% of the ARV
Cash-Out: Up to 67.5% As-Is + 100% of Renovation Costs; Not to Exceed 62.5% of the ARV
Rates: Starting at 8.25%
Credit Score: 650 min

Buy-To-Rent Bridge Loan Criteria:

Collateral: Non-Owner Occupied 1-4 Family Real Estate; Condos; Townhomes: 5+ Unit Apartments; Mixed-Use Properties
Term: 24 Months (12-Month Extension Available)
Loan Amount:
$50k – $2M for 1-4 Family, Condos, & Townhomes
$250k – $3M for Multi-Family (5+)/Mixed-Use
LTVs:
Purchase: The lesser of Up to 75% of the As-Is Value or Up to 75% Loan-to-Cost
Refinance: Up to 70% of the As-Is Value
Cash-Out: Up to 60% of the As-Is Value
Rates: Starting at 8.89%
FICO: 650 Minimum

Long-Term Rental Loan Criteria

Collateral: Non-owner Occupied 1-4 Family Residential Properties; Condos; Townhomes
Term: 30 Years
Amortization Options: 30-Year Fixed; Hybrid ARMS (5/1, 7/1, 10/1); 10-Year Interest-Only
Loan Amount: $50k-$2M
LTV:
Purchase: Up to 80% of purchase price (720+ score)
Refinance: Up to 75% of the As Is Value (720+ score)
Cash-Out: Up to 75% of the As Is Value (720+ score)
Rate: Starting at 4.95%
Credit Score: 650 min
Prepayment Penalty: 0-5 years, shorter prepay periods will have higher rates
Minimum DSCR of 1.10

if you meet the qualifications contact WAYNE SANDERS at studiosandmanx@yahoo.com

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I am a DIRECT PRIVATE LENDER that specializes in Real Estate Financing, Business Financing, Commercial Loans, Personal Loans, Rehab Loans, Fix & Flip Loan, Debt Consolidation Loans, Business Startup Loans, Refinancing, Construction Loans, Equipment Loans.

Approval within 48 Hours,
Funding within Days.
4% interest rate per annum
Up to 100% LTV (Loan to Value).
Origination fees are typically 1 point.

Lends throughout the continental US, Canada, Europe, Austrialia, New Zealand and a few countries in Asia. Brokers are always welcome.

If interested, send your summary to me via email at: alx.glenncroftinc@outlook.com

Best Regards,
Alex Stuart,
Vice President,
Glenncroft Inc.,
Phone: (855) 215-1305.

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