Requirements for private money loans
Get up to $2million in less than 15 days
- $75,000-$2million loans
- No land over 3 acres or new construction (must have foundation at minimum already built)
- Lending can be up to 90% loan to finished value. (final terms vary by property)
- Most minimum credit scores must be 650 or higher
- Loans are generally given to the LLC and underwritten based on the property quality moreso than the buyer
- One of the partners need some experience in property rehab, management or flipping
- Loans can close in 10-15 days
- Interest rates vary based upon property final loan to value, experience and risk.
- Loans for up to 12 months with ALL payments deferred to preserve your cash-flow (or you can obtain a lower rate while making monthly payments)
- These are NON-owner-occupied loans
To see sample rates, fill out the form to the right. We'll show you some sample rates and be in touch with application documents.
Submit a request for more details