Private Money Loans for Non-Owner Occupied properties.
For FIX and Flip or Long term hold
- Residential and CRE Loans for purchase or refinance up to 80% LTV.
- Terms: 1, 2, 3 or 4 year loans amortized for 30 years.
- Rates from 7.49% and 2 points.
- NO minimum FICO score required.
- 7-10 day close of escrow.
- FIX and Flip. Interest only available. Any amount of properties allowed. Interest reserve options.
- Unlimited cash out.
- In Bankruptcy or Foreclosure OK.
- No title seasoning required.
Available: Nationwide except for ND and SD.
Fees: 2 points in the transaction.
Requirements and Documentation: Complete the loan application, leaving the income section blank, initial, sign, date and return. Provide copies of Driver’s License and Social Security card. Send copies of the Bank Statements (Last 2 Bank Statements), Mortgage Coupon if refi, Insurance Declaration page and Purchase Agreement, if purchase. We will provide a Loan Advisory Agreement and Escrow Instructions, to be fully executed and returned. Please scan in pdf format, label in numerical order and email all documents.