Florida 1 - 4 Unit Purchase & Purchase-Rehab And Florida Commercial Lending

Program # 1

Territory   AZ, CA, FL

AMNT      $50k - $1.5M

LTV          60%         80%

INT           12.5          18%

PTS          3 - 5

TRM         6 - 12 months

                  2 - 5 years

PPP          None

Program # 2

Territory   Southern Florida Only

Amount    $75k - no max

LTV          70% ARV (75% case by case)

INT           10% and up

PTS          3 - 5

TRM         6 - 12

PPP          No

Credit       600

No appraisal for property under $250k

Points may be paid when sell property (2 points paid at closing)

Commercial Hard Money Nationwide

Program # 3

Territory   Florida, Southeast Only

Amount    $100k - $5M

LTV          65% General, 60% Light Industry, 50% Land

INT           12.5% O/O  &  13% N/O/O

PTS          3

TRM         12 - 60

PPP          1 / 0   2 / 1  3 / 2  5 / 3

Asset Based

Amount    $100 - $2.5M

LTV          60% purchase or as is

INT           start 12%

PTS          3

TRM         See above

PPP          See above

CRDT      None

Docs : 1003, Credit, Photos, Business Plan or Exec Summary, Comps or Appraisal (if have)

Program # 4

Commercial Lending

Territory   Nationwide (Prefer Western States)

AMNT      $50k - $10M

LTV          65 - 75%   Commercial Property

                  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

Program # 5

Territory   NY & FL

Amount    $50k - $4M

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

Rehab, NOT IN FLORIDA NOW 4/5/10

NY Full Doc, Florida semi full doc

50 - 60% ARV

Rates start at 11 -12%

$1500 inspection fee

2 - 3 points

Loan Amount $50k - $4M  (Min $100k in Florida)

All property types including 1 - 4 Unit, NOO, 2nd homes, Mixed Use

Commercial, Renovation Loans, Construction, Bridge, Developments, Spec Houses

Aircraft Financing

TRTY          National and International
AMNT         $1M - $250M
LTV            Up to 65%
INT            12 - 16%
PTS           2 - 6
TRM          24 - 60 months
PPP           None

This lender also finances other hard assets, non real estate

90% LTV Purchase Loan Program, Any Type Property

1.              The Lender will fund up to 90% of the purchase price.  No rehab money is available

2.              The minimum – maximum loan amounts are $50,000 - $250,000

3.              The Lender requires a down payment of a minimum $10,000 or 10% of the purchase price, whichever is more

4.              The Broker’s mortgage application package needs to be completed with documentation

5.              Upon receiving the Commitment Letter, there is a .5% - 1% commitment fee.  A portion of this fee goes to closing costs and the majority goes to Lender for underwriting costs including CMA’s or Appraisal.

6.              The Lender has no other up front points.  The Broker fee is due at the closing.

7.              The interest rate is 24% (2 points per month), paid monthly

8.              The Lender charges 1 point per month for every month the loan is outstanding.  These points are paid when the loan is paid off (the back end)

9.              The Loan term is up to 12 months.  The Lender’s original term is 6 months with an additional 6 months allowed upon request.  The Lender does not ask for additional points for the extension, but this may be added on a case by case basis.

10.           There is no pre payment penalty

Church Loans

Purchase or Refinance

TRTY                National
Amount           $200k - $10MM
LTV                  Up to 80%
INT                  6.25 - 9.25%
                       3 / 25 6.75        PPP  2 yr   Pts    1 - 3
                       5 / 25 7.45        PPP  3 yr   Pts    1 - 3
                       7 / 25 7.99        PPP  4 yr   Pts    1 - 3
                   10  / 25  8.45        PPP  5 yr   Pts    1 - 3
PPP                See Above

Renovation, Construction, Purchase/Rehab

TRTY             National
AMNT            $200k - $10MM
LTV               Up to 80%
INT                6.25 – 9.25% interest only (Construction Phase)
PTS               1 - 3
PPP               Varies with type of project

Georgia Purchase & Rehab Hard Money Loans

Territory   GA Only

Amount    $25k - $3M

LTV          80 - 85% LTC (Purchase + Rehab)

INT           12 - 17%         (15)

PTS          4 - 10 ($4500 minimum)  Usually 5

TRM         6 - 24 months                  Usually 6

PPP          No

Territory   Residential ;  GA

Amount    $25K to no max

LTV          Rehab GA : Up to 90% LTC (Purch, Rehab, Cl Costs, Pts) to 65% ARV

INT           15%

PTS          5

Term        6 months with option for renewal

PPP          No

Credit       No credit, No Income, No Assets

Territory   GA Only

AMNT      $25k - $3M

LTV          65% ARV (draws paid after work done)

INT           14 - 17%

PTS          5 - 10 (minimum $4500)

TRM         6 months

PPP          No

Territory   AZ, CO, GA, ID, MD, NC, NB, NM, NV, OR, TX, UT, VA, WA, WV

AMNT      $50k - $250K   ($350k House)  No Rehab Money

LTV          100% of purchase to 70% ARV (Only lends on SFR)

INT           15%

PTS          5.5

TRM         6 months (2 months for 2 points)

PPP          No

CRDT      620 (under 620 is 18% and 1 point)

EXAMPLE                                  $150,000                       ARV

                                              -     $20,000       Rehab

                                             =     $130,000     Sub Total

                                                            x 70%    Loan Calculation

                                            =       $91,000     Loan Amount

                                            +            5,000    Points 

                                             =        $96,000    Total Loan Amount

Borrower pays all rehab cost and closing costs

Territory   Atlanta Only (Not Clayton County, Not West End)

                  Georgia Residents Only

Amount    $40k - $250K

LTV          65% ARV (100% financing up to the 60-70% ARV)

INT           15 - 18

PTS          4 - 6

TRM         6 months (ext of 2 months / 2 pts)

PPP          No

CRDT      W-2   720

               1099    720

Pays contractor after work done

Debtor In Possession & Distressed Payoff - Refinance

Territory          Nationwide
Amount           $2M - $50M
LTV                 Up to 75%
INT                 10 - 14%
PTS                1 - 4
TRM               12 - 36 months
PPP               None

Any type of commercial property, commercial rehab, commercial construction
Warehouse, Bankruptcy Reorganization
Residential Development, Hotel Purchase
Construction Office, Retail, Condo Development
Refinance, Rehab, Auto Dealership Refinance
Restaurants
Short term bridge, hard money
Land

Private Commercial Lender

Term:	1-3 Years
Lending Area:	United States
Property Type:	All commercial properties considered
Loan Size:	$1MM to $30MM
Interest Rates:	As low as 10% (rates may vary depending upon collateral type)
Amortization:	Interest Only
Loan to Value:	Up to 75%
Origination Fee:	1-3% taken at closing from the loan proceeds
Closing Terms:	Closings in as quick as 3 weeks

Term:	1-3 Years
Lending Area:	United States
Property Type:	All commercial properties considered
Loan Size:	$1MM to $30MM
Interest Rates:	As low as 10% (rates may vary depending upon collateral type)
Amortization:	Interest Only
Loan to Value:	Up to 75%
Origination Fee:	1-3% taken at closing from the loan proceeds
Closing Terms:	Closings in as quick as 3 weeks