Hard Money Loans

 

Property Type: Residential 1 to 4 family, non-owner occupied. Small apartments and condo conversions on a case by case basis.

 

Line Term: Up to 18 months renewable with limited credit review.

 

Loan Term: 6 months, extendable up to 13 months.

 

Advance Rate: Options up to 95% of project costs. Minimum loan amount $25,000.

 

LTV: Up to 70% After Repaired Value.

 

Renovation Funds: 100% of renovation funds are typically advanced in 1 to 4 draws.  Once inspector certifies work is done, funds are wired within 24 hours directly to the investors account.

 

Interest Payments: NO payment for 6 months.

 

Qualifying Documents:

640 minimum credit score

Two years tax returns

Three months bank statements

Entity documents (EIN #, Certificate, Articles of Organization/ Opertating Agreement)

 

Loan Documentation:

Purchase Agreement (signed by both parties)

Summary of rehab to be completed (Brookview document)

Pictures of Rehab property

Home Inspection

 

Quick Funding: Once a borrower is approved, funding for individual transactions is quick.

 

Whether You Are A Novice or An Experienced Rehabber,

We Have a Loan Program to Fit Your Business Goals!

 

Email: MarqueeRealtors@yahoo.com to pre-qualify today!