Hard Money Mortgage Terms
Questions about mortgage terms below? Feel free to give us a call at (918) 638-0764.
- No Pre-Payment Penalties after 3 Month
- First Lien Position
- Loan Amounts from $50,000 - $5,000,000
- 12 - 36 Months Interest Only
- 24-Hour Underwriting
- LTV up to 80% (See Loan Options below)
- Rates as Low as 12%
- Closings in as Fast as 5 Days
- Private Lending
- No Credit Requirements
- We will do Loan Extensions at the Lender's Discretion!
Sometimes unseen events come up and your property hasn't sold in the permitted time period. No worries, we completely understand and will offer you extensions to help you complete your exit strategy.
Hard Money Lending to:
- Residential; Rehabs for Flipping, Buy and Hold, Cash Out and Cash Out and Refinance
- Commercial Real Estate; Apartments, Multi-Units, Warehouses, etc.
- We will fund up to 65% of "as is" Appraisal Value as long as it doesn't exceed 100% of the Contracted Purchase Price
- We will fund up to 80% of the Contracted Purchase Price.
The remaining amount plus closing costs, will need to come from either the borrower or from an additional property, in the first lien position (free and clear), to be used as cross collateral.
We Do Not Lend to Owner-Occupied Properties