Showing posts with label Florida Long Term Hard Money Lending. Show all posts
Showing posts with label Florida Long Term Hard Money Lending. Show all posts

Wednesday, November 17, 2010

Florida Long Term Hard Money Lending

Loan Program # 1

Territory   NY & FL
Amount    $50k - $5M
LTV          Residential 75% / Commercial 65%
Interest    12.25%
Term        3/20 then Prime + 6
Points      2
PPP          No
Credit       Not credit score driven & No Ratios
                  Mortgage lates OK


Loan Program # 2

Commercial Lending & Residential N/O/O
Territory   Nationwide (Prefer Western States)
AMNT      $50k - $10M
LTV          65 - 75%
                  100% LTC of 60% ARV - Purchase/Rehab SFR
INT           12%
PTS          5 - 6
TRM         6 - 36 months
PPP          No
CRDT      680

Condo Conversion, Land, Entertainment Complexes, Hotels
Will do Second Mortgages