What is a NO DOC HARD MONEY SHORT TERM LOAN?
This loan is based entirely on the “as is” property value and not the borrower. There is
no credit checks, no bank statement calculations, no financial’s requirements… basically
nothing! Once again,we underwrite the “as is” quality of the property… not the borrower!
LOAN HIGHLIGHTS: (Ask a loan officer about our rates)
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JUMBO loans $750,000 - $2,000,000 @ 9.50% @ par
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STANDARD loans $150,000 - $750,000 @ 9.0%
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60 months, I/O + escrows
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Up to 60% LTV
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FOREIGN NATIONALS OK
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Residential investment (O/O not allowed)
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Commercial, office, retail, multi-family., mixed-use, warehouse
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Title to all properties must be in business entity name
PROPERTY TYPES:
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1-4 single family residence
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vacation rental
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condos
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multi-family
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office
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retail office
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warehouse
NO DOC (HARD MONEY ) LOANS
YOU CANNOT USE NO DOC (HARD MONEY) LOANS
FOR FIX AND FLIPS?
We do offer a 1 and 2 year Bridge Loan with No Pre Payment Penalties
including 100% LTV Rehab Money