Lenders I work with are making loans for homeowners in foreclosure or default.
Bail Out Loans
They are very effective in assisting homeowners in foreclosure or Default in restoring their loan Situation.
65% L.T.V Cash out with Default or Foreclosure
Our Specialty loans
Bailout loan 65% L.T.V
2nd T.D. For Business Purpose up to 65% C.L.T.V
Land Loans up to 70%
Purchase Fix and Flip 90% with 100% Rehab.
1 Day in the Investment business no problem 80% L.T.V. Purchase.
1 Day on Title 70% L.T.V Refinance N/O/O
Gap loans are generally high interest, last option loans that may cost 12% + APR and more than likely will cost a chunk of your profit on the back end. Many lenders will ask for up to 50% of your profits.
Most lenders won’t gap behind another lenders loan. If you lack the funds for a down-payment but your deal has a lot of current or potential equity, you may persuade them to go up to 75% of the ARV or after repaired value. This would include funds for acquisition, rehab and holding costs such as interest payments, etc.
Gap loans can also be self-generated by way of unsecured credit lines, business credit lines or term loans.
Also EMD funding is available to assist in certain situations.
They provide capital based on an average of $10k monthly deposit and 6 months in the business. They can fund in as little as 5 days.
Residential, Multi-Family, Commercial, Specialty Properties and Land
Large or small, condo or townhouse, house or Mansion.
Regardless if you are a seasoned real estate investor, a savvy house-flipper or an entrepreneur in need of your first real estate loan, my lender partner can help you finance your vision.
They offer asset-based financing that rivals hard money. And because time is money, their loan processing is fast and streamlined so you’re on your way to realizing your vision quickly. These loans are perfect for short-term, long-term or fix-and-flip transactions.
Their flexible investment property and small commercial loans are available for:
30-year Investor Loans with No Balloon.
Consider locking in the historically low rates with no balloon payments.
The loan is designed for investors seeking a simple financing solution for purchase or refinances, with the flexibility to remain in the loan for up to 30 years.
This loan eliminates the balloon payment associated with private money loans, along with the rate hikes of adjustable-rate mortgages.
Because the FlexPerm loan is asset-based, it’s perfect for independent, buy-and-hold real estate investors and small business owners who are tough to qualify.
Great for qualifying W-2, self-employed investors and small business owners.
Based on the property value and its revenue-generating potential.
Best alternative to hard money loans.
Available as a 3-year-fixed or 30-year-fixed loan, each amortized over 30 years.
Loans for Fix-and-Flip Investors.
Fast and flexible fix-and-flip loans for real estate investors
Renovations can be hard work. Arranging the right financing solution should be simple and quick.
In as little as nine days, you can obtain up to $2 million in funding for your investment acquisition.
Their ARV loan is designed for independent real estate investors who are often tough to qualify. Based on the property’s “as repaired value” (ARV), it’s the best short-term, interest-only solution for acquiring and improving property value for fix-and-flip investors.
• Allows borrowers to finance improvements.
• Great for borrowers who need a quick close.
• An interest-only 1-year term provides lower monthly payments.
• A higher LTV than hard money lenders.
• Available for Investor 1-4 properties (SFR, condo and 2-4 units).
Even if you have a bankruptcy, you can still get financed after 24 months after the discharge date.
Quick and Easy Qualification for Investors and Small Business Owners With Credit Issues
Investing in residential and commercial properties is a long-term commitment so why should your options be limited? If you’re looking for an easy and quick qualification for your investment property loan, and you have credit issues and high equity, I can help.
Whether it’s a purchase or refinance, this loan offers easy credit requirements for your residential investment and small commercial properties.
• Great for borrowers with a recent bankruptcy or notice of default.
• No seasoning of ownership required.
• Derogatory mortgage history is OK.
• Available as a 3-year-fixed or 30-year-fixed loan, each amortized over 30 years.
This is a nice opportunity to develop a large lot in Northeast Los Angeles (NELA).
This is a hot area, with a large amount of development going on by investors and builders.
It will be delivered vacant, which is always our first concern.
There is value in this project, whichever strategy you initiate. We have been told that you can build up to five (!) units on this large lot, but do you own due diligence with the city.
Take a look at the numbers: – existing single-family home, 3 beds and 1 bath, is 1314 sf – great lot size! 8242 sf –Delivered vacant! – closing date is August 30 – EMD is $10,000 – Purchase Price is $765,000
Lender will fund up to 90% of purchase and 100% of rehab with no previous experience up to 75% ARV.
Below are the parameters for the financing program:
90% of Purchase
100% of Rehab
12 month term
Up to 75% ARV and 75% AIV
Min loan of $75,000 / Max loan of $5,000,000
Entity Borrowers Only
525 min Credit Score
NO HARD Credit Pull
NO Experience Required
Option for interest being charged only on funded balance
Option for NO PERSONAL GUARANTEE
East Coast Hard Money Loans
We fund 100% of construction and acquisition up to 65% of the ARV. We can approve the same day and close in 24hrs. Normally we are about 1.167% per month for a 12 month note. The money is 6 points at the table. cash out refi investors and buy/hold/refi
Maryland, Philadelphia, PA, New Jersey, Virginia, Delaware, Washington, DC
Last year, One of my real estate agent friends who is also an aspiring Hollywood producer and through his networking introduced me to a top production group on the Universal lot!
After a tour of the lot, we discussed the film business and the financing and investment in films they were producing.
This didn’t lead to any actual investments, but one year later, in February, my agent friend re-introduced me to this group and after a short consultation in his office, we submitted the application package for pre-approval for a hard money rehab loan which I knew we’d get back asap because my partners and I had an established relationship with the private lender who funded the loan.
My client identified a fantastic but dated remodel candidate in Malibu with a breathtaking views of the Pacific Ocean! The property had been on & off the market since 2015 & it was clear that since the previous buyers fell out of escrow the sellers & agents were uneasy about the whole private funding offer and funding.
I knew that I only had one shot to get it right!
He negotiated a $2M purchase price, our contracting team submitted a $450K rehab budget, with a 4-5 month timeline.
We ordered the ARV appraisal, after a week, it came back at $3.6M!
The case and the borrowers were nearly a perfect candidates, except for one thing: They had no experience rehabbing high-end luxury properties, so the lender required us to join the borrower on the loan and sign as co-guarantor’s of the investment! This was unprecedented!
We entered into a project management & joint venture agreement with my borrowers which afforded them maximum leverage on their $500k down-payment. We were able to secure 2-4 months of interest payments so that wasn’t a concern.
The plan is to refinance after the remodel is complete, payoff the hard money bridge loan @ 9.9% and 4 points, 90% of purchase & 100% of rehab, into a 30 yr, fixed rate mortgage with cash out if needed for further future investments.
We closed this loan in about 30-40 days, but this was because the property was occupied by a seller who needed extra time to vacate before we closed escrow.
We will begin rehab this week & documenting our progress as we’ll be using exclusive, new “smart home upgrades” which I’m not at liberty to disclose yet due to its status.
Our motivation to JV was based on the profit potential and deal viability as well as the borrower’s financial position and excellent credit score & profile. Also even though they were not experienced, they handled the first time investor duties with poise and we were impressed with their willingness to learn the process. Overall they were very pleasant and easy to work with!
If you have a project you’d like to joint venture on, contact me below!
This year one of my goals is to become an even larger resource for the Fix and Flip & Investor Community. After 16 years of service in this industry, we connect investors to lenders and private funding programs nationwide.
After reviewing these new loan offers and working with dozens of lenders, I compiled this list of lenders to refer to interested parties.