Thank you for your interest in DK Financial Services., one of the best correspondent lenders in the country. We have a hard money division that specializes in short term real estate secured loans for many situations, including bridge funding, land acquisition, development and construction, bank workouts, foreclosures and bankruptcies.
At DK Financial, we know the importance of speed, and that loans should be structured around each client’s unique set of financial circumstances. Our program has been providing excellent service and creative funding solutions throughout North America.
CORRESPONDENT LENDING CRITERIA
Loans from $1,000,000 to $50 Million
Loan Term: One to five years. No prepayment penalty.
Collateral: Typically commercial real estate. Other fixed assets may be considered in some cases.
Loan-to-value Ratio: Loan amounts of up to 65% of the value of the collateral.
If the loan is used for construction or renovation, the loan can be funded in stages up to 50% of the improved value.
Interest Rate: Depending upon collateral, rates start at 7%, interest only. Committment fee due upon LOI acceptance. A success Fee of 1%-4% may be charged.
Minimum Loan Size: $1,000,000 nationwide.
Immediate Response • Flexible Loan Structures
Conventional and Conduit Loans also available
For more information, please contact Morris Iles at (240) 244-9580.
or visit our web site at http://bit.ly/efxCBy