Posts in category "Terms"

 
Finding trustworthy hard money lenders in Atlanta, GA for business purposes is easier than you might think. If you are looking to buy and sell real estate properties, then DFW Hard Money has loan options for you. With the greater Atlanta area now included in our service areas, we are providing funding for a variety of real estate transactions. Easy ...
 
 
 
DFW Hard Money Transactional funding is a form of short term, hard money lending, which allows a wholesaler the opportunity to purchase a property with none of his/her funds, provided that there is already an end buyer in place to purchase the property from the wholesaler within a short time frame.
 
 
 
DFW Hard Money Loan Requirements Investor non-occupant loans only Individuals, LLC’s, and corporations are allowed Personal guarantee will be required Lender will take a 1st lien position Insurance required Lender should be named as mortgagee on insurance policy Title policy is required, both owner and mortgagee Tax Certificate Survey may be required ACH draft required for monthly payment
 
 
 
Easy Application Requirements for Your First Investment Property Loan Name, Address, phone, email How long you’ve been on your job or how long you’ve been in business Social Security Number Birth date Corporate docs if the borrower is an entity 2 years tax returns Financial Statement 3 months bank statements Copy of drivers license Explanation of exit strategy List of ...
 
 
 
Terms & Fees 24 hours closing possible Loan terms are 6-12 months depending on borrower and project Interest rate ranges from 10%-13% 1.5-3.5 points/loan origination fee Interest payments will be due monthly No prepayment penalty for paying off loan early 30-90 day extension at lenders discretion All closing costs and points are due from borrower at closing Loan fees may ...
 
 
 
Borrower should have funds to begin initial repairs Draw fee is $150 per draw Up to five draws allowed Improvements must be inspected prior to draw being issued No charge for inspections Proof of paid receipts and invoices must be provided Final draw will not be funded until the project is completed If permits required, borrower may be required to ...