If you are looking for a straight forward no 'black box' required non-owner occupied residential loan or asset based commercial loans, I work with lenders that can either go as low as 500 Fico or straight asset based. We can do Acquisition & Renovation and Cash-out Refinance. No upfront fees. I've been working in real estate, lending and venture capital for 13 years. I have helped finance over $40mm in real estate.
DEAL JUST NEEDS TO MAKE SENSE.
RESIDENTIAL terms range depending on property, location and borrower:
-Residential Asset based to non-prime lending w/min of 500 Fico
-Acquisition/Renovation 4-6 months
-Cash-out Refi 3yr
-10% - 12% rate
- 65% LTV on cash flowing properties (exceptions for great deals).
- 60% LTV on all non cash-flowing properties (raw land may be an exception).
- Min. loan amount $1.5 M, max. loan amount $10 M.
- Terms range from 3 months to 18 months with extension available.
- Can fund with-in a 7 to 14 day period.
- Purchases, refinances, construction, rehab, cash-out, etc
- Asset based
To get specific terms go to our website and fill out a Loan Summary Sheet. wwwProvidentMng.com
or email me OffMarketRealEstate@gmail.com