Many investors and home buyers today are in need of creative financing. Investors making all cash offers may be looking to acquire more property but their money is tied up in other properties. Cash buyers may need short term construction loans that are largely unavailable. Buyers looking to acquire a great bank owned REO foreclosure at a great price due to deferred maintenance can’t get conventional financing, even with 30% down!
We have helped investors, business owners, and buyers do amazing things in 2013 with short term Construction, and Bridge Private Money loans to help investors and home buyers get into or get out of properties quick.
These Short Term Construction and Bridge Private Money loans offer:
- No Prepayment Penalty
- Will go to a 65% loan to value (can be higher with exception)
- Are fixed and due in 5 years
- Have 40 Year amortization
- Interest only payment options
- Fast funding (about two to three weeks)
Qualified Properties are as follows:
- Single Family Residences
- 2-4 Unit Investment
- 5+ Multi-Family Apartment Buildings
- Owner Occupied Properties
This is a great niche product for fast acquisitions, and fix and flips.
Alameda Mortgage Information Guide:
Homes for Sale in Alameda California:
Down Payment Assistance in California: