Terms & Fees
- 24 hours closing possible
- Loan terms are 6-12 months depending on borrower and project
- Interest rate ranges from 12%-14%
- 2-3.5 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 be financed if loan below max LTV and/or lender approval
- Maximum LTV up to 70% of ARV
- $850 Closing fee – $1500 for Commercial Loans
- Loans are made on (ARV) after repaired value
- Loans available from $150,000 up to $50,000,000
- Purchase price only loans available
For more information about Loans & Applications:
Loan Terms & Highlights – Hard Money Loan Application
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