Hard Money Commercial Loans
Commercial financing with no credit check/no income verification. Lets us help you get creative in the development of your next contract using the power of value verses purchase price.
Banks are not lending on these projects during these economic times. This is a perfect time to buy Real Estate for future riches using our private funding. We guaranty quick approvals, and quick closings.
Some of the other things we can do just so you have an idea:
HARD MONEY LOANS UP TO 80% LTV
We will lend up to 80% of the “As-Is” Value and then up to 80% of the After Completed/Future Value in draws as scheduled.
Only Two Conditions:
That you have “Equity” in your Property/Project and a viable “Exit Strategy”
- REOs & Notes (PNs &NPNs)
- Multifamily (1 – 4 Units) & Apartment Complexes
- Hotels, Offices, Industrial & Mixed-Use
- Developments and Raw Land
- In-Ground Assets & Commodities
- Movie Production Financing
- Business Loams, Credit Lines & Working Capital
- Debt & JV/Equity Financing
- No Credit Checks – A TRUE SISA = Stated Income Stated Assets = Dead Man’s Loan
- 5 Year Fixed Rate – Interest Only – 30+ Year Mortgage Terms
- HARD MONEY Interest Rates range from 11.49% - 15.99%
- Loan Amounts up to $5 Billion
Due Diligence & Underwriting:
As little as 5 – 15+ Business Days to FUND (Expedited Processing Available)
Our Hedge Funds’ due diligence divisions, underwriters, managers/directors and investors will determine current and future value and marketability of the property/loan and will perform an independent due diligence, so it may receive an unbiased reasoning with the file.
Our Funding Sources have funded over $10 Billion since 200
1st Metropolitan Mortgage
John Popp
704-490-4733
or visit our website: 1st Metropolitan Mortgage
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