Thursday, October 28, 2010

True Hard Money Lending

Loan Program # 1

TRTY       Nationwide
AMNT      $200k - No Max
LTV          50%
INT           12 - 16%
PTS          3 - 6
TRM         12 - 36 months
PPP          No

No Credit Scores, No Income, No Seasoning, No Reserves
Need Reasonable Exit Strategy
           Verifiable Use Of Funds
           Documentation of Leases, Expenses, Etc


Loan Program # 2

Territory   Nationwide, not AK, HI
AMNT      $500k - $15M
LTV          65%
INT           10 – 15$
PTS          2 - 6
TRM         12 – 36 months
PPP          None
CRDT      Low credit scores are ok

Asset based
All properties including raw land


Loan Program # 3

Territory   Nationwide
AMNT      $250k - $10M
LTV          Up to 80%
INT           8 - 15%
PTS          1 - 5
TRM         12 - 60 months / up to 30 year amort
PPP          None


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